Fission Uranium Expands R600W Zone, Discovers New Mineralization to the North

Fission Uranium (TSX:FCU,OTCQX:FCUUF) announced assay results from nine angled drill holes from its PLS property in Saskatchewan’s Athabasca Basin. Mineralization has expanded at R600W and Fission has also discovered what’s interpreted to be a new, parallel zone 25 meters north of R600W.

Rob Chang of Cantor Fitzgerald said:

Today’s news is positive on multiple fronts as both the R600W zone and the R780E zone have expanded. The emergence of a new high grade zone parallel to the R600W zone is a testament to the current focus in developing the land based portion of the PLS deposit.

As quoted in the press release, highlights of results included:

• New high-grade interval discovered north of R600W: High-grade mineralization returning 2.5m @ 3.26% U3O8 (PLS15-372) intercepted 25m north of the main R600W zone, interpreted to be a parallel zone, indicative of a larger system than presently outlined from drilling.
• R600W zone grows: high-grade, shallow, land-based R600W zone, 555m west of the Triple R deposit, expanded by winter drilling to 60m strike length. All assays from the seven holes drilled during the winter program have now been reported.
• Gap narrows: Distance between R1620E zone and R780E zone reduced by to 330m, demonstrating the incredible strength of the mineralized trend and increasing the potential to connect these two zones with further drilling.
• Triple R deposit’s R780E High-Grade Zone Grows:
• PLS15-369 (870E) – 15m down-dip extension of high-grade mineralization from PLS14-175
• PLS15-371 (315E) – High-grade mineralization 10m south of PLS13-083
• PLS15-374 (435E) – High-grade zone where previously mineralized zones (holes PLS13-073 and PLS13-078) did not encounter high-grade
• PLS15-375 (480E) – 10m down-dip extension of high-grade from PLS15-368 (31m @ 3.5% U3O8)
• PLS15-376 (315E) – 15m down-dip extension of high-grade interval from PLS15-371
• PLS15-377 (450E) – High-grade mineralization 15m south of PLS13-100, where previously no high-grade was encountered before
• PLS15-375 (line 480E) key interval:
• 30.5m (91.5m to 122.0m) @ 3.33% U3O8, including:
• 8.0m (110.0m to 118.0m) @ 11.91% U3O8
• PLS15-369 (line 870E) key interval:
• 7.5m (152.0m to 169.5m) @ 3.68% U3O8, including:
• 4.0m (157.5m to 161.5m) @ 14.72% U3O8

Fission COO and chief geologist, Ross McElroy, said:

We’re now seeing multiple developments at PLS: the emergence of a new high-grade zone parallel to R600W, continued high-grade intercepts within R600W itself, further strong growth at the Triple R’s R780E zone and a narrowing of the gap between R780E and the R1620E zone – with the potential to connect those zones. The summer drill program could well be one of our most exciting to date.

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