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Fission Uranium Corp. (TSX:FCU) announced results from four angled drill holes at the R600W zone, with two holes showing high-grade, near surface mineralization. Recent drilling at the R600W zone strike length has now been expanded the strike length by 50 percent to 45 meters.
Fission Uranium Corp. (TSX:FCU) announced results from four angled drill holes at the R600W zone, with two holes showing high-grade, near surface mineralization. Recent drilling at the R600W zone strike length has now been expanded the strike length by 50 percent to 45 meters.
Drill highlights include:
- Strike length of mineralized trend discovered on the PL-3B conductor, which hosts the Triple R deposit, R600W and R1620E zones, increased to 2.25 kilometers
- Step out holes, shallow depth mineralization hosted in basement rock
- Hole PLS15-364 (line 630W) 45.5 meters total composite mineralization over a 61.0m section (between 107.0m – 168.0m) including:
- 6.44m total composite mineralization of (>10,000 cps) radioactivity
- located 570m west of the Triple R deposit
- Hole PLS15-352 (line 615W)
- 56.5m mineralized zone (between 102.5m – 159.0m) including: 12.11m total composite mineralization of (>10,000 cps) radioactivity, including 11.77m continuous mineralization of (>10,000 cps) radioactivity
Ross McElroy, president, COO and chief geologist of Fission, commented:
We recently intersected high-grade mineralization at zone R600W – a full 555 meters west of the Triple R deposit. A few step out holes later and we have expanded the footprint of the R600W zone to the north and west and substantially increased our understanding of the geometry and tenure of the mineralization. These latest results are a clear indication that R600W is shaping up to be an important zone.
Rob Chang, analyst at Cantor Fitzgerald, commented on the release:
As a near-surface, on land zone, the R600W zone plays a potentially significant role in the future development of the Triple R deposit. A notable zone on land leads to an increased number of development possibilities as shallow, land-based zones would likely be easier to permit, cheaper, and allow for potentially different routes to mining the Triple R zone further east (i.e. expanded pit or underground access from pit). As such, growth of size and quality of this zone will be of particular interest going forward.
Click here to read the full Fission Uranium Corp. (TSX:FCU) press release.