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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
Post by infocountson Mar 31, 2014 7:53am
465 Views
Post# 22388820

PLS - 'advanced in scale by a considerable degree'

PLS - 'advanced in scale by a considerable degree'
I pay attention to the editorial comments FCU inserts into its news releases, most times by Ross McElroy (as in today's announcement). By law, the company has to be pretty careful not to overstate things when making forward looking statements. Thus, when Dev began last year to talk about all the pods likely being connected, it was a significant statement - now proven to be largely accurate. I put the same kind of weight on what McElroy is saying today about the expansion in PLS's overall size that today's announcement indicates. He's talking not just length, but width. FCU must feel that a big increase in total pounds pounds is not just likely but almost certain, looking ahead. These kind of words are carefully chosen. And this morning's news deals only with the existing find. It doesn't touch at all potential additional strikes in entirely new areas of this crazily prospective property.
 
Ross McElroy, President, COO, and Chief Geologist for Fission: 
 
"PLS has advanced in scale by a considerable degree with the latest step-outs to the east, which come soon after winter drilling has successfully merged four high-grade zones into one. Successfully tracing high-grade mineralization in a 75m grid east step-out and the discovery of a new zone of mineralization a further 485m east along strike trend speak to the tremendous upside of this mineralized system."
 
Bullboard Posts