Fission Energy (CVE:FIS) reports evaluating alternatives at Macusani, Peru.
Fission Energy (TSXV:FIS) reportsĀ evaluating alternatives at Macusani, Peru.
The press release is quoted as saying:
The Macusani Property was part of the original overall land package included in the Fission spin-out from Strathmore Minerals in 2007. Centrally located within the Macusani Uranium District, it is a highly prospective property that includes nine mining concessions encompassing fifty-one square kilometres. Previous sampling and prospectingĀ identified outcrops of uranium mineralization in the form of autunite-filled fractures withĀ grades up to 0.4% U3O8.
Fissionās President and COO, Ross McElroy says:
āWe have been monitoring the exploration programs of several companies operating nearby for several months, and the recent successes as evidenced by significant NI 43-101 resource estimates reported by the Vena/Cameco Joint Venture immediately east-northeast of our ground and Macusani Yelllowcakeās Colibri 2 and 3 Property within 1 km to the southeast, in addition to their more recent discovery on the Kihitian Property, located approximately 5 km to the east-southeast, have rekindled our interest in the region. Fissionās Macusani Property exhibits excellent potential for uranium mineralization, and the Company is reviewing data obtained by Strathmore Minerals Corp. several years ago, while under the direction of Jody Dahrouge, now a Director of Fission.ā
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