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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 Realstoneon Mar 04, 2016 7:35am
105 Views
Post# 24620943

RE:NXE Posters Are Buying The Drinks

RE:NXE Posters Are Buying The Drinks IMO the reason that the resource is inferred rather than indicated is that there simply are not enough holes drilled to give the engineer the data he or she needs to move the needle from 'inferred' to 'indicated'.  The real questions are: How much will this infill drilling cost?  And what ratio will NXE's management spend their limited capital resources on, infill or resource expansion exploration?  And how will they fund all this extra drilling?  Further dilution?  My guess is that they will go for wildcat drilling to try to keep sp momentum going and growing.  Let's hope that gambit pays off.
Bullboard Posts