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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based resource company. The Company’s principal business activity is the acquisition and development of exploration and evaluation assets. The Company is a resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin in Western Canada. The Company’s primary asset is the Patterson Lake South (PLS) project, which hosts the Triple R deposit, high-grade and near-surface uranium deposit that occurs within 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises approximately 17 contiguous claims totaling approximately 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin, notable for hosting the highest-grade uranium deposits and operating mines in the world. The Company also has the West Cluff property comprising three claims totaling 11,148-hectares in the western Athabasca Basin region of northern Saskatchewan.


TSX:FCU - Post by User

Bullboard Posts
Comment by Presclubson Nov 30, 2013 5:45pm
460 Views
Post# 21956663

RE:Timeline

RE:Timeline


Last year's program I believe will be altered.  The timeline I believe will be moved up.  There are several articles and comments in the last few months stating that the drill program will start in January.  The cold weather has started early this year in Saskatchewan, so for safety reasons, nothing holding back on that front.  Last years program was before alot of now knowns in the deposit formation and additional pods.  They have a ton of infill, expanding zones, and testing continuation of zones targets. 

I don't believe they will put out a maiden resources until the earliest after the winter program is done.  The market is expecting a farily large number, and putting it out with out the full program may temporarily hurt the share price.  I think it depends on how good the results are, whether they push this back any further than that.

Thanks for posting Argentus the mention of size of program in the article.  This is music to my ears, I had asked for a minimum of 4 rigs.  The cost is cheaper in the winter and is good allocation of capital.

Cheers

Presclubs

 

Bullboard Posts