RE:RE:RE:Just out news - Fission Uranium 1 of 3 contenders you forgot to mention FCU is the furthest away from producing - close to 10 years, LMAO! That's ALOT of salaries and shareholder dilution in the mean time. JMO
Reachme wrote: From the article.... Fission next hotspot for grade-high production Located just 3 km away from Rook 1,Fission Uranium(TSX: FCU; US-OTC: FCUUF)s Patterson Lake South (PLS) project is coming into sharper focus, 10 years after it discovered the Triple R deposit. Sitting on the southwest rim of the basin and 160 north km of La Loche, Sask., the British Columbia-based miner touts Triple R as the regions largest high-grade uranium deposit at shallow depth. About half of the resource lies under Patterson Lake. The year could prove to be eventful for the project, with a feasibility study expected in the fourth quarter. The company announced a 21.3% increase in indicated resources of 472,000 tonnes. in September. The Triple R deposit comprises five mineralized zones ranging from 60 to 100 metres wide over a strike length of 3.2 km starting. The shallow deposit starts at about 50 metres below surface and extends down to 300 metres and remains open in most directions. Mineral reserves total 2.3 million tonnes grading 1.61% U3O8, containing 81.4 million lb. U3O8. Fission also aims to increase the projects mine life from 7.3 years in thePLS prefeasibility study in 2019 to potentially 10 years in its upcoming feasibility study. The study will be based on the new resource, which incorporates results from 175 holes drilled over the last three years.