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VIDEO - Traveling to Fission Uranium’s Athabasca Basin PLS Project
The Investing News Network visited Patterson Lake South to learn more about Fission’s summer drilling program and upcoming PFS.
Fission Uranium (TSX:
FCU) is having a busy summer, and last week the Investing News Network (INN) got the chance to experience part of it firsthand. During a visit to the company’s Patterson Lake South (PLS) project in Saskatchewan’s Athabasca Basin, INN received a tour of the property, saw the latest core samples and spoke with key players at Fission.
Located 30 miles from the Alberta border off Highway 955, PLS is in the advanced stages of exploration. The first major discovery at the project was made in 2013, and since then Fission has gone on to release a
resource estimate and preliminary economic assessment (PEA) for the project’s Triple R deposit.
The current resource estimate for Triple R includes only the R00E and R780E zones, but by Q4 2017 Fission expects to release an update that accounts for three more zones: R840W and R1620E and R1515W. Click here for a map of the zones.
Click here for a writeup and photos from our 2016 visit to Fission’s PLS project.
- 85.5m total composite mineralization over a 148.5m section (between 104.0m to 252.5m), including
- 3.37m total composite >10,000 cps
Hole PLS17-561 (line 1515W):
- 49.0m total composite mineralization over a 162.5m section (between 111.0m to 273.5m), including
- 1.38m total composite >10,000 cps
“Our high grade starts at 50 meters from surface, which means it’s open pittable, and that’s very important,” he said, adding, “if you look back historically, everything that was very shallow, like Key Lake, Cluff Lake, has all been mined. Projects that have been found in the past that are deep have not been mined because they are far more technically challenging.”
Watch the video above to learn more about what Fission has planned at PLS in the coming years, and see below for more photos of the site. The company looks certain to be busy as it moves the project toward production.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Shaw, hold no direct investment interest in any company mentioned in this article.
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