Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

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.

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Fission Uranium Corp

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Comment by bulavaon Jan 15, 2015 12:58pm

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Post# 23323832

RE:Dev already looking beyond Triple R sale?

If FCU hits in Forest Lake or another entirely new zone, the share price will go nuclear $$$...pardon the pun

infocounts wrote:
Dev's latest CEO video, posted today on the FCU website, is fascinating. Apart from recapping the significance of the maiden resource estimate, and contrasting it with other 'maiden' estimates for earlier Athabasca strikes (pointing out how small they were by comparison), he makes only passing reference to further expansion of PLS (now called Triple R) this winter.

He does say there will be some new expansion drilling (east to west, and north to south), but he mentions it only briefly. Instead, his comments put major emphasis on drilling in the Forest Lake area of the PLS property, which is well southeast of Triple R - in the vicinity of NexGen and the work going on there.

Last year's FCU drill program put down three initial holes in the Forest Lake area (PLS14-272, PLS14-277 and PLS14-281). Now he is making it sound as though drilling here will be the big story this winter. This is what he says in the video, after his passing Triple R remarks:

" ... also we're going to do some true exploration work down in Forest Lake. PLS has over 100 conductors on it and we've really only tested two or three. So we've really got a lot of work ahead of us yet to find out what this project is really about. And down in Forest Lake we've got the three sciences (?) that we're looking for. We're looking for a conductive zone. We're looking where there's alteration - broken rock - and thirdly the radon gas survey. And so these three scienes (?) are all saying, 'Hit here, drill here.' So Forest Lake is a very exciting project for us coming up as well. So we will continue to go with PLS. That's certainly our main chip. But we would be remiss on our part not to explore other parts of the project."

My (amateur) take on this is that it's another sign that negotiations for the sale of Triple R are well advanced (maybe even imminent) and that he is already building the profile of the new Fission (which will be Fission 3.0, plus whatever portion of the PLS property is not included in the Triple R sale.) The promotion of the next Fission story, and the post-Triple R CEO he will then be, has already begun.)