What FCU has said about a resource estimate Here are some of the things that Fission's CEO and COO have said about a resource estimate:
From this June 26' 2014 news release:
https://www.marketwired.com/press-release/fission-mobilizes-rigs-for-63-hole-program-at-pls-tsx-venture-fcu-1924635.htm
The summer program is budgeted for $12M and is part of the overall $28M 2014 exploration budget as Fission targets a NI43-101 compliant resource estimate. It is expected that with the completion of drilling and the return of geochemical assays from the summer 2014 delineation drill program, Fission should be in a position to complete an initial mineral resource estimate for the R00E and R780E Zones.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented:
"We aim to have a 43-101 resource estimate by the end of this year and will therefore use a substantial part of the program to further delineate the areas of known mineralization. However, PLS really is a remarkable property and, as proven by our recent geophysics and radon survey work, a large number of highly prospective targets exist. We will therefore be expanding our regional exploration with this program."
Fission will also be conducting metalurgical and petrographic studies to evaluate important characteristics of uranium recovery and rock characteristics, including work on gold recovery.
Roscoe Postle Associates Inc. (RPA), of Toronto, Ontario, has been selected to complete a Mineral Resource estimate and supporting NI 43-101 Technical Report for Fission's PLS project. RPA has vast experience in uranium projects worldwide, including mineral resource and mineral reserve estimates and audits, scoping, prefeasibility and feasibility studies. Current and relevant projects include a NI 43-101 technical report and Mineral Resource estimate for the Phoenix A and B deposits for Denison Mines Corp.
From this July 28, 2014 release:
https://www.marketwired.com/press-release/fission-summer-program-hits-off-scale-mineralization-7-angled-holes-expands-r780e-zone-tsx-venture-fcu-1932962.htm
Rapid Expansion of R780E Zone: Today's results continue to demonstrate the robust nature of the PLS mineralized system. In particular, results from the eastern area of the R780E show considerable upside. The 43 holes earmarked for the main mineralized trend are designed to show growth, both laterally north and south as well as expansion along strike to the east, as well as to demonstrate continuity as required for an upcoming NI 43-101 compliant resource estimate expected towards the end of 2014.