Fission Energy Corp. (TSXV:FIS,OTCQX:FSSIF) and its 50% joint venture partner ESO Uranium Corp. (TSXV:ESO) announced that a field program is underway at the Patterson Lake South Property which returned assays as high as 39.6% U308.
As quoted in the press release:
The JV has budgeted $0.8 million for the current program, which focuses primarily on surface trenching and geophysics, to be later followed by drilling.
The field program is targeting structurally controlled high grade uranium hosted in basement rocks, similar to the style of mineralization demonstrated by deposits found at Shea Creek and Cluff Lake (approximately 60 kms and 80 km north of Patterson Lake respectively), and at the Millenium, Key Lake and Roughrider deposits located in the eastern part of the Athabasca Basin. The high grade uranium boulders discovered in last summer’s field program at PLS are associated with a suite of basement rocks (schists, psammites and granulites). These boulders are believed to have been scoured from a basement bedrock source and deposited over a 5km x 0.9km area by glacial processes. Depth to the bedrock in this area is estimated to be 50 – 60m below the glacial till cover. The distinct clusters of associated geochemical values and the size and length of the boulder field suggest the possibility of more than one source.