Ross McElroy on Fission’s Latest Assay Results and Upcoming Summer Drill Program

At the 2015 Canadian Investor Conference, held in Vancouver on May 31 and June 1, the Investing News Network spoke with Ross McElroy, president and chief geologist for Fission Uranium (TSX:FCU).

The company had just released more assay results from the winter drill program at its PLS property, so naturally McElroy talked about those, noting that they turned out better than Fission had hoped for. “Part of the goal this winter was to grow the resource from where we had left it off at the end of 2014. So we wanted to continue to expand the footprint, and we were successful in doing so,” he said.

Considering McElroy’s history of working with big names like Cameco (TSX:CCO,NYSE:CCJ) and BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT), he knows a thing or two about making a successful uranium discovery. When asked about that, he said that is takes “a team of experts who are dedicated, who want to make the discovery [and who] can think outside the box — and that is really how the PLS deposit was discovered. The technical team, the marketing team, the corporate management team, the dealmakers. You sort of need the whole package in order to be successful. You need the technical team obviously to make the discovery, but everyone else in order to execute the plan, and that’s why Fission has been the success that it is.”

Fission has quite a few things coming down the pipe for the second half of the year, including a summer drill program and a preliminary economic assessment, which is expected in August or September.

“What we will do in the summer coming up, we are going to put in another 20 holes, and this will go towards expanding the footprint of that zone and hopefully tying it into the main zone we don’t know. It’s open on both sides, so we want to see how close it gets to the Triple R deposit,” McElroy said.

Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Related reading:

Fission Uranium’s Dev Randhawa: ‘Just a Matter of Time Before the Market Improves’

Drill Tracker Weekly: Step-out Drilling Expands 780 Zone at Fission’s PLS Project