Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

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.

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Fission Uranium Corp

Bullboard Posts

Comment by sudzie191on Oct 03, 2015 8:09pm

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Post# 24160845

RE:RE:RE:RE:RE:RE:You've convinced me bull_man... voting No.

NXE doesn't have a 43-101 let alone a PEA or pre-feasibility study to determine anything at present other than the potential as I suggest and confirmed by NXE that they would be interested in sharing the cost of a mill.

Whether the metalurgy of each ore body is compatible is an unkown for certain at this point. Triple R only has a PEA and not a pre -feasibility study. THere were recomendations in the PEA to do further studies of the rock above the proposed underground portion to determine if it will leak or not, and will hold up the ceiling of the underground mining drifts.

On one x-section it can be seen that they positioned the dyke to the northeast of a vertical fractured/discontinuity as likely that cannot be sealed or depended on for a competent roof.

THe drilling to hunt for ore is not sufficient/or in the right location to adequately assess the underground feasibility portion of the mine, thus the recommendations.

From the FCU PEA it appears there would be about $500 million of mill and infrastructure that could be shared, and that is a significant economic benefit. THe 2 mines would be of completely different design, so not likely any synergy there other than perhaps agreements with the local native population for employment opportunites, perhaps the power line, perhaps some roads, airport, a townsite.

Much too early foranything definitive.

PamplonaTrader wrote:
Sudzie, I suggest you speak with management again as it's likely you've misunderstood or misextrapolated their comments.

While it make sense for any prospective mill operator to plan on processing ore from regional deposits, Arrow is not depedent on Triple R or any other deposit to justify a new mill. It's important to differentiate the requirements for a production decision versus potential considerations for a production plan. Triple R only factors into the latter. The fact that Arrow enjoys the benefit of straight-forward engineering and permitting means it will go in to production long before Triple R.

The above is not to say that there are zero synergies. There are some but the small synergies that do exist are greatly overstated. Anyone suggesting that Arrow is depedent on Triple R is either misguided or doing so with intentions to misinform.