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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 toriddogon Apr 21, 2015 2:47pm
197 Views
Post# 23649763

Re What will FCU do with the funds

Re What will FCU do with the fundsEnd end of the winter drilling drilling is not a surprise. It is a fixed date as government regulations dictate that all equipment be removed from the ice by March 31st or they need a special permit. 
There is no reason why the planned land drilling will not proceed under the summer program, and may very well be underway now. They have had time to prepare drill sites on the frost. 
The worst thing that can happen to a exploration company is to run out of cash.  To try to raise money with unpaid bills is not a good spot to be in. Just look at the many exporation stocks that shut down when cash ran out and  have no good drill results to attract investors. 
Management of this company know what they are doing and have an excellent record of sucess.  If that was not the case I would not be posting or even be a shareholder. Losing all my hard earned cash is not an option. 
Look around the exploration stocks and there are plently that are available where losing your money is almost assured.  No Cash, poor results, claims in moose pasture, weak management . This is not one of them. 
Bullboard Posts