Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

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

Fission Uranium Corp

Bullboard Posts

Comment by PamplonaTraderon Oct 02, 2015 9:33pm

142 Views

Post# 24159552

RE:RE:RE:teevee A2

High grade mineralization in the A2 shear is exhibiting continuity and predictable geometry. So much so that SRK is advising 50m hole spacing to generate an inferred block with sufficient resolution. How else would NXE have the confidence to step out 210m whilst contuing to hit at a 90%+ rate? The fact that you've chosen dead money in FCU over a winner in NXE provides all evidence that you know much less than you think.

sudzie191 wrote: Yes I understand that, but I need x-cutting holes in the nearby vicinity to confirm that the hi grade represents adjacent hi grade volume. So my spreadsheet is all set up to accept those drill holes that are coming so if they prove that, then they get included. At this point you really shouldn't make assumptions that are overoptimistic.

THe RPA guys will tell you that not all inferred turn out to be indicated with more drill results for the same logic as I am using.

So best not to count your chickens before they hatched, lol

For now I will admit that I am being conservative so don't get all fussed up. The 5 drills are working 24/7 until the end of October, and we get a stream of assays coming until early January. As they come in, I put them in my spreadsheet, and it calculates resource lbs sort of automatically.

teevee wrote:

sudzie191 wrote: k, teevee my unofficial 43-101, lol, resource for A2 is 100 million,
very impressive, as it will grow, as I have been very conservative, and I made an adjustment for the hi grades drilled straight down the deposit. We need more x-cutting hole grades and lengths to assume those hi grades have the enclosed volume. 5 drills looking at that.

Nice deposit

This is good news for FCU

Will do A3 after supper

You obviously don't understand that those holes are x-cutting the zones. The longitudinal sections show them from a head on perspctive. For each drill hole on the longitudinal sections in the NXE presentation, the top of the hole shows at what depth the angle drill hole enters the zone, and the bottom of the hole shows at what depth the angle drill hole exits the zone. If anything, these holes provide much more confidence in the grade and no allowance is necessary.