Energy

TSX:FCU

Fission Uranium (TSX:FCU) has announced that the winter exploration drill program at its PLS property in the Athabasca Basin will soon be underway. As quoted in the press release: PLS hosts the Triple R – the only major deposit in the Basin with a high-grade core starting at 50m from surface, as well as two …

Fission Uranium (TSX:FCU) has announced that the winter exploration drill program at its PLS property in the Athabasca Basin will soon be underway.
As quoted in the press release:

PLS hosts the Triple R – the only major deposit in the Basin with a high-grade core starting at 50m from surface, as well as two additional similarly shallow, high-grade zones. The 34 hole (10,105m) program is focused on making a new, near-surface, high-grade discovery on the expansive property, by targeting regional, high-priority hotspots identified during the summer program. Drilling, which is expected to start by the end of January, will also seek to grow the new shallow, high-grade zones at each end of the 2.63km mineralized trend, for possible inclusion in a future resource estimate update.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
“This is going to be a particularly exciting program. PLS hosts the Athabasca Basin’s only major shallow deposit with high-grade uranium starting at 50m. Using the techniques and expertise that led to this deposit, which is located close to highway 955, we have already discovered and expanded another two major high-grade zones that are similarly near-surface. In this program, we will begin testing a number of new regional exploration areas identified during the Summer, including a hot spot over half a kilometer west of the shallow, high-grade R840W zone and others near the high-grade boulder field. A new survey, crucial for drill targeting, is already underway and drills should be turning by the end of the month.”

Click here to read the full press release.

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