Fission Energy to Evaluate Alternatives at Macusani, Peru

- February 16th, 2011

Fission Energy (CVE:FIS) reports evaluating alternatives at Macusani, Peru.

Fission Energy (TSXV:FIS) reports 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 prospecting identified outcrops of uranium mineralization in the form of autunite-filled fractures with grades up to 0.4% U3O8.

Fission’s President and COO, Ross McElroy says:

“We 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 Yelllowcake’s 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. Fission’s 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.”

Click here to access the entire news release.

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