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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 Aug 28, 2018 2:02am
92 Views
Post# 28527423

RE:With the Global issue resolved, what are the odds we will

RE:With the Global issue resolved, what are the odds we will They only drilled 9 holes this summer Bama - and we actually got the scint results a couple of weeks ago - and they were pretty superb again, with one hole that seems to be matching the Winter hole that was named best in the world YEAR to DATE out of ALL resources (including gold, copper, zinc, etc)....

We haven't gotten the assay results on those holes yet, maybe that is what you are waiting on.

Summer program plan was to convert as much of 780 that was remaining in inferred category to indicated category so the economics of the pre-feasability study will look that much better (a pfs can only use indicated or better pounds, not inferred).  Hence FCU has focussed on existing main zone for the coming PFS and not done a lot more exploring or expansion in areas where most pounds would still be inferred (like 840W, etc).....

Corebox has plotted updated drill holes and official website shows the nice scints.  All 9 hit wide ranges of high grade, with a couple more real beauties that we have come to expect from the 780 zone....any time you have  drill holes with 100 near continuous meters of shallow,  mostly high grade U - that is a lot of pounds showing in that area.....

They are cherry picked holes - but we can't use a ton of the other pounds we are finding under land in PFS anyway - so I think the economics, no matter how good they end up looking, are still significantly undervalue - because we haven't included significant shallow high grade pounds from under land yet - so a few cherry picking summer drill holes are fine lol
Bullboard Posts