Fission Expands High-Grade Core at R780E Zone, Increases Exploration Budget by $3 Million

Fission Uranium Corp. (TSX:FCU) announced results from nineteen drill holes at the R780E zone at its Triple R deposit, which showed seventeen angled holes are mineralized and two holes intersected narrow and weakly anomalous radioactivity.

As quoted in the press release:

Of particular note is hole PLS15-368 (line 480E), which intercepted 8.98m total composite >10,000 cps radioactivity with peaks up to 65,500 cps in a 57.0m zone of mineralization. Importantly, PLS15-368, drilled 20m down-dip of PLS15-299 adds a high-grade dimension to the significant mineralized lateral width added by holes PLS15-299 and PLS15-311 (see News Release Jan 26, 2015 and February 10, 2015 respectively). In addition, through extensive step-out drilling, the boundaries of the R780E Zone have been increased on multiple lines along strike to the east, vertically (both up and down dip) and laterally north and south. As a result of the success and speed of drilling, the winter exploration budget will expand by $3 million adding approximately 28 holes.’

Ross McElroy, president, COO and chief geologist for Fission, commented:

This latest round of drill results, which includes a large number of step-out holes, represents a big step forward in the continued growth of the Triple R’s R780E zone. In addition to expanding the overall footprint of the zone, we have successfully targeted the on-strike extension of the high-grade domain west of line 495E. As shown by the model used for the Triple R resource estimate we released in January, 2015, each high-grade hole makes a significant impact on the size of the deposit,so continued extension of this high-grade core is a top priority.

Click here to read the full Fission Uranium Corp. (TSX:FCU) press release.