Fission Reports New High-Grade Holes at PLS Property in Athabasca Basin

Fission Uranium Corp. (TSX:FCU) announced results from 11 angled drill holes on the R780E at its PLS property in the Athabasca Basin, which showed all 11 holes are mineralized over significant widths. Eight of the holes returned strong radioactivity measuring >10,000 cps and six holes have further extended the zone’s high grade area (44.3 million pounds U3O8 at 18.21 percent indicated and 13.9 million pounds U3O8 at 26.35 percent inferred – see NR dated January 9, 2015).

Drilling highlights include:

• High-grade mineralization expanded on the western portion of the R780E zone on lines 300E, 315E, 450E, 465E, 510E and 540E
• Substantial high-grade intercepts in eight holes, including:Hole PLS15-379 (line 540E)
• 105.0m total composite mineralization over a 166.0m section (between 67.0m – 233.0m) including:
• 8.01m total composite mineralization of >10,000 cps radioactivity
• Hole PLS15-377 (line 450E)
• 24.0m total composite mineralization (between 110.5m – 134.5m) including:
• 2.30m total composite mineralization of >10,000 cps radioactivity
• Hole PLS15-385 (line 1005E)60.0m total composite mineralization over a 170.5m section (between 156.5m – 327.0m) including:
• 1.70m total composite mineralization of >10,000 cps radioactivity

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

These eleven holes represent the end of Winter drilling at the R780E zone, which has been nothing short of a resounding success. We’ve accomplished all three of our goals: expanding the overall footprint, expanding the already large high-grade core and increasing the definition of mineralization in areas that were under-drilled prior to the release of our 43-101 maiden resource estimate.

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