Resource News

Fission Uranium (TSXV:FCU) has released assay results from the final 18 holes drilled on the R780E zone at its Patterson Lake South project, with high-grade intervals showing up. Hole PLS14-290 was the brightest of the bunch returning 32.53 percent U3O8 over 6.5 meters.

Fission Uranium (TSXV:FCU) has released assay results from the final 18 holes drilled on the R780E zone at its Patterson Lake South project, with high-grade intervals showing up. Hole PLS14-290 was the brightest of the bunch returning 32.53 percent U3O8 over 6.5 meters.

According to the press release, highlights include:

Hole PLS14-290 (line 735E)

  • Key interval: 64.5m (133.5m to 198.0m) @ 3.72% U3O8, including:
  • 6.5m (153.0m to 159.5m) @ 32.53% U3O8
  • 82.0m of total composite mineralization >0.05% U3O8 over a 172.5m section (113.5m to 286.0m)
  • Designed as a scissor hole on line 735E (see note on Scissor Holes)

Hole PLS14-286 (line 495E)

  • Key interval: 21.9m (61.1m to 83.0m) @ 7.91% U3O8, including:
  • 9.5m (70.5m to 80.0m) @ 17.30% U3O8
  • 86.4m of total composite mineralization >0.05% U3O8 over a 103.9m section (61.1m to 165.0m)

Hole PLS14-276 (line 570E)

  • Key interval: 10.0m (71.5m to 81.5m) @ 13.84% U3O8, including:
  • 4.5m (72.5m to 77.0m) @ 29.29% U3O8
  • 47.0m of total composite mineralization >0.05% U3O8 over a 168.0m section (71.5m to 239.5m)

Ross McElroy, president, COO and chief geologist, said:

The final batch of R780E zone drilling assays includes a large number of very strong holes. We have now received all the U3O8 assay data required for a NI 43-101 compliant Maiden Resource for the R00E and R780E zones and we expect to be able to release preliminary results by early 2015.

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

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