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.

TSX:FCU - Post by User

Fission Uranium Corp

Bullboard Posts

Comment by Rover90on Mar 24, 2017 11:56pm

292 Views

Post# 26029688

RE:RE:Eight Capital now suggesting 202M lbs U3O8 at PLS

Current Forecast as requested........going much higher. All mineable!

Forecast

M lbs

108.3

Triple R (Zones R00E 0.125km & R780E 0.9km) 1Q 2015 PEA 75% Indicated, 25% Inferred RPA 43-101

43.3

Add 40% to Triple R per Dundee (D. Talbot)

151.6

subtotal Triple R with Dundee (D. Talbot) guidance 1Q 2016

22.5

R1620E high-grade core to 95m L, strike length of 225m L Aug 18, 2016 per NR

5.0

Gap R780E to R1620E narrows by 60m L Aug 18, 2016 per NR

8.0

Gap R00E to R780E 225m L Aug 18, 2016 per NR

70.0

New R840W approx strike length 465m L Aug18, 2016 per NR

3.3

New R840W 30m West Aug 24, 2016

57.0

New area beneath R780E (500m at depth) Aug 24, 2016 NR PLS16-503, See CoreBox Longitudinal Section. MD&A Dec 31, 2016 states: "The deepest mineralization to date was intersected on line 780E on the R780E zone, reflecting the potential to grow the deposit at depth".

https://fissionuranium.com/project/pls/overview/

3.0

New Zone R1515W strike length of 180m L Mar 20, 2017

High Grade Uranium Boulder Field - surface structure, spot sampling todate

- 0.4

rounding

320.0

Total PLS

Notes:

Technical 43-101

https://www.fissionuranium.com/project/triple-r-deposit/technical_reports/

Current Map

https://www.fissionuranium.com/project/triple-r-deposit/maps-triple-r/

Current Video

https://www.youtube.com/watch?v=i9yZ68KLY1I&t=479s

Current strike length 3.14 km

Winter drilling Program started end of Jan, 2017

R00E 125m L x 47m W; 3.8M lbs ~ 2% U308 grade

Eight Capital / D. Talbot guidance Mar 23, 2017 202M lbs PLS…Quakes99 Stockhouse post

JMO, DYODD

Rover90 wrote: Quakes Thanks. Davids new 200M lb estimate for PLS is his usual conserative self. On the initial PLS RE, his estimate was 20% less than the 43-101.

Given my estimate currently at 320M lbs (100% mineable includes depth on R780E) seems to me that David is low on R840W (my guess 70M lbs). The current drill targets at approx the L-765W mark is a HOT SPOT that has 3x conductors and 2x faults converging.

Ross has mentioned parallel conductor mineralization which he believes are present at PLS, and this maybe where it is found with a North and South step out. If these hit, R840W will look more like a christmas tree than a tadpole which will double my R840W estimate to be in the 140M lb range....as big as the Triple R. As Gig says Super R or Ultimate R!

Looking forward to you plugging in your new numbers below in your enterprise analysis....you may want to back out the 100M unmineable lbs from Nxe....FCU = Nxe lbs WOW.... and give FCU a premium per lb given near surface vs Nxe open pit grades 1 km underground.

quakes99 wrote: Was just reading a new NexGen analyst report put out today by David Talbot of Eight Capital (formerly Dundee). This statement in the 2nd paragraph was an attention grabber:

Results from the new Harpoon area are marginally positive but this alone won't move the stock of a company with over 300 MM lbs in resources. That said, the combination of this news, along with NexGen's Arrow, Bow and Cannon Zones as well as nearby deposits such as the 202 MM lb Triple R uranium deposit and its associated zones, the Spitfire and Spitfire North zones (located mere metres from Harpoon Zone), demonstrate high potential to discover other uranium bearing zones along the PLS corridor.

David Talbot is finally catching up to your estimate Rover!

Cheers and good luck to all the longs. :-)