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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 LinkLeisureon Dec 06, 2017 6:35pm
179 Views
Post# 27105011

RE:Resource Update

RE:Resource UpdateNobody is sure on 1515W - if the timing of assays, the number of holes, and distance apart was sufficient for inclusion.  BUT, there are also dozens of holes from 780E the main original pod that were not included in original RE or were drilled in and around that pod after the RE.  Those should be.  Infill drilling, outlying holes that can now be included, and expansionary drilling all at 780E - if you go back a couple months there were, i believe,  like 250+ drill holes not included in original RE, and close to 300 included in original RE.  I think we probably won't get a double, just because the richness and depth of the meters weren't quite as good as the top notch 780E holes, at least until very recently at 780E, but should be solid expansion.

For example, two recent geotechnical holes drilled at 780E had massvive high grade and one almost 100 meters of continuous uranium.  Those should qualify if assays are included in time....quakes did say he heard they were eventually assayed/includable - but i don't know if they will be reflected in this months promised update.  Probably a couple million pounds in those holes alone!

So, 780 itself should expand.

As Quakes and others have reported, there are a few "estimates" by analysts, suggesting a 60% increase, which would put those willing to "guestimate" and/or provide their own calculations are calling for around 170 Million + a touch maybe.  Some of those estimates, I think, were before the latest multi-lens holes at 1515W were drilled this last season.  AGain, not sure those will be included and nobody has commented either way if they will be........
Bullboard Posts