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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
Comment by Dave4444on Jun 09, 2015 1:21pm
132 Views
Post# 23811656

RE:RE:Quakes - Put your money where your mouth is!

RE:RE:Quakes - Put your money where your mouth is!
Bluesteele, you state "Hopefully R600W will get bigger and mitigate the massive problem they have with putting a berm across Paterson Lake." ............But I think you over play the challenges, look at Diavik diamond mine, it had a deeper lake, a thick layer of silt, then a layer of glacial till followed by rock with a lot of cracks in it. To top it off it is in the middle of nowhere in the frozen Arctic and all supplies had to be hauled in over an ice road that had to be rebuilt every year and had about a 3 month operating season. Now that is what I call a massive challenge. The Diavik mine and all facilities ended up costing about $1.5 billion, no small sum, but worth it, and the Diavik ore was worth about half the value per tonne as the FCU ore. So here we have FCU, also a lake, but shallower, no silt to speak of, glacial till and then bedrock, an all season road near by, better operating weather and so all around lower costs than Diavik. If the engineers could do Diavik, which produced massive profits in the end, then I think the FCU issue is a challenge, but hardly a "massive problem". As for R600W, a nice start, but I guarantee that at the end of the day, the entire ore body is going to get mined and at a huge profit to somebody.
Bullboard Posts