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Fission Hits High-Grades at Both Ends of 2.63km Trend

Jocelyn Aspa
Sep. 26, 2016 08:32AM PST
Company News

Fission Uranium (TSX:FCU) has announced that assay results confirm new high grade mineralization at two zones presently outside the Triple R resource area (R840W, R1620E) at its Paterson Lake South Property. As quoted in the press release: The assay results include hole PLS16-485 on zone R1620E (line 1515E) with 7.5m @ 12.90% U3O8within a larger …

Fission Uranium (TSX:FCU) has announced that assay results confirm new high grade mineralization at two zones presently outside the Triple R resource area (R840W, R1620E) at its Paterson Lake South Property.
As quoted in the press release:

The assay results include hole PLS16-485 on zone R1620E (line 1515E) with 7.5m @ 12.90% U3O8within a larger interval of 17.0m @ 5.76% U3O8. The wide, high-grade mineralization encountered at both zones, highlights the strength of 2.63km mineralized trend at PLS – the largest in the Athabasca Basin region.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented
“These shallow mineralized results on the R840W and R1620E zones include wide, high-grade assays that confirm strong growth at both ends of our 2.63km mineralized trend — the longest lateral footprint in the Athabasca Basin. Importantly, both the R840W and R1620E zones are outside of the current resource estimate for the Triple R and thus represent areas of possible expansion to the deposit.”
Assay Highlights Include:
R1620E zone (high-grade, shallow zone at eastern end of mineralized trend)
PLS16-485 (line 1515E) key interval:

  • 17.0m @ 5.76% U3O8 (84.0 to 101.0m), including:
    • 7.5m @ 12.90% U3O8 (92.0m to 99.5m)

PLS16-489 (line 1455E) key interval:

  • 14.0m @ 1.98% U3O8 (68.5m to 82.5m), including:
    • 4.5m @ 5.00% U3O8 (74.0m to 78.5m)

R840W Zone (high-grade, shallow land-based zone recently merged with R600W zone)
PLS16-493 (line 885W) key interval:

  • 18.0m @ 2.01% U3O8 (169.5m to 187.5m), including:
    • 2.0m @ 5.77% U3O8 (177.0m to 179.0m)
    • 1.5m @ 5.39% U3O8 (186.0m to 187.5m)

Click here to read the full press release.

tsx-fcu athabasca-basin
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