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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 xxclaymanxxon Mar 31, 2014 6:57pm
383 Views
Post# 22392581

Drilling Timeline

Drilling TimelineSee below for a timeline of last year's summer and winter drill programs.  Drilling for last year's winter program ended April 15.  The summer drill program was announced May 21 and commenced (ie. results from first hole announced) July 18.  So last year there was a ~3 month gap between drill programs.  During this time, however, assay results were steadily trickling in from the winter program.  
It would not suprise me if this year the time between drill programs was decreased.  On-land targets plus a larger exploration budget would support this.  Weather is the X-factor.  But regardless, I like the fact that the longest gap we could be looking at would be roughly 3 months, and even during that non-drilling time we will be getting some impressive assay results coming in.  Could be the last buying opportunity in the foreseeable future for those looking to get it all-in.  And for those who already have it all-in, I would be careful trying to time this possible weakness to make a couple pennies here and there...not worth it to get caught with your pants down when mid-week halt shows up.  

GL, HF

2013 Timetable:

April 15, 2013 - Fission announces (scint) results from last holes of winter program.   

May 21, 2013 - Fission announces $6.95M 44 hole (11,000m) summer program.

June 5, 2013 - Fission reports assays from final holes of winter program.

July 2, 2013 - Fission announces that summer program will commence "in early July".  

July 18, 2013 - Fission announces (scint) results from first hole of summer program.  

October 7, 2013 - Fission announces 11 hole expansion to summer program.  

November 27, 2013 - Fission announces (scint) results from last holes of summer program.  

Bullboard Posts