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Fission Reports High-Grade Deposits Following Winter Assay
May. 23, 2018 10:23AM PST
Energy InvestingFission Uranium announced the assay results from a six hole program the company initiated this past winter. Fission drilled the holes as part of its uranium exploration program on the R780E zone at its’ PLS property. The company reports results were favourable and indicate a high-grade deposit.
Fission Uranium (TSX:FCU) announced the assay results from a six-hole program the company initiated this past winter. Fission drilled the holes as part of its uranium exploration program on the R780E zone at its’ PLS property, in Canada’s Athabasca Basin region. According to the company all six holes encountered high-grade intervals.
Fission Uranium, is a Canadian-based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property – home of the class-leading triple R uranium deposit
As quoted from the press release:
Of particular note is hole PLS18-573 (line 510E), which returned 97.0m of total composite mineralization including multiple high-grade intervals such as 4.0m @ 21.93 percent U3O8 3.5m @ 10.95 percent U3O8 within 25.5m @ 6.36 percent U3O8 and 1.5m @ 22.36 percent U3O8 within 10.0m @ 4.14 percent U3O8, respectively. Importantly, these successful holes are part of a program to upgrade certain key areas of the R780E zone, currently classified as inferred resources, to indicated resources.
“These final winter assays from the Triple R deposit’s central R780E zone highlight the potential to grow the resources contained within the current boundaries of the deposit. As we progress towards pre-feasibility, it is our goal to upgrade key areas of our inferred-category resources to indicated-category. This has the possibility to enhance the economics and further de-risk the project,” said Ross McElroy, president, COO, and chief geologist for Fission.
