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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based uranium company and the owner/developer of the high-grade, near-surface Triple R uranium deposit. The Company is the 100% owner of the Patterson Lake South uranium property. Its Patterson Lake South (PLS) project, which hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit that occurs within a 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises over 17 contiguous claims totaling 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin. Additionally, the Company has the West Cluff property comprising three claims totaling approximately 11,148-hectares and the La Rocque property comprising two claims totaling over 959 hectares in the western Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located five km south of Cameco’s La Rocque Uranium Zone.


TSX:FCU - Post by User

Bullboard Posts
Post by ppprecieson Jun 03, 2013 11:22am
377 Views
Post# 21475572

Dundee Capital comments on Fission News

Dundee Capital comments on Fission News

We thought you might find the following information of interest. You are receiving this email because you have opted-in to be sent information on Fission Energy Corp and the uranium sector. If you wish to be removed from our mailing list please click the unsubscribe button of the bottom of this email. 

Fission Uranium Corp (FCU-V)

Last C$0.78

Mkt Cap C$116 MM

  • This morning FCU announced the acquisition of three projects in the Athabasca
  • We would call this normal course of business for a junior uranium explorer in the Athabasca and do not expect this news to move the stock
  • BUT - stay tuned for further assays from PLS (R0, R390 and R780 zones) - improving exploration results have helped propel this stock 42% above its initial $0.55 listing price post Denison deal about one month ago
  • initial ground exploration results are also expected this summer from the adjacent PLN property being optioned by Azincourt (AAZ-TSXV, Not Rated)
  • This is an opportunity to find new early stage projects with potential by a technical team that now has two high grade discoveries under their belts in the past three years (J-Zone and PLS), particularly as FCU has some time to give attention to new projects as it is almost starting anew with its exploration project pipeline (PLS notwithstanding) having divested the majority of its exploration ground to Denison
  • BEAVER RIVER - N Athabasca - surface outcrop sample assays of 3.66%, 3.37%, and 2.93% U3O8
  • THOMPSON LAKE - NW Athabasca - west of Uranium City - 5km west of historic Lorado mine, near other deposits - outcrop grab assays include 2.23% and 0.11% U3O8
  • MANITOU FALLS - NE Athabasca - six radiometric anomalies and multiple conductors
  • FCU recently added some strength to its Board and advisory board having added William Marsh (Chevron and Pacific Asia China Energy) to the Board and Anthony Mileski (various boards, physical uranium trading and marketing knowledge)

 

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