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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 BobbiOreon Mar 29, 2016 2:16pm
193 Views
Post# 24708246

RE:PLS M lbs after 2016 WDP complete??????

RE:PLS M lbs after 2016 WDP complete??????And you said the NXE - Arrow guess were out of line prior to the 43-101.  You are dreaming.  35 million lbs at 840W with about 5 holes and not a single assay.  That is a third of the original PLS orebody. 

Maybe stick with Dundee's 30 to 40% higher estimate and be happy.  Nothing wrong with 150 million lbs.

Rover90 wrote: Summary is my guess on the M lbs for FCU after the 2016 WDP imo. D your own DD

Forecast                  
M lbs                  
     108.3 Current 75% Indicated, 25% Inferred (initial resource approx 100M lbs per 1 km on ave.)    
     37.91 Add 35% per Dundee. Also, see Technical Report 43-101 Page 96 of 140 vs current "same" below. Growth mainly in width. Triple R infill reduced Inferred %.
     17.50 R600W 2015 FC 15 to 20M lbs David Sadowski estimate Q4 2015        
   163.71 subtotal with Sadowski and Talbot input           
       4.38 R1620E 25% of R600W              
       8.75 R1620E 2x 2016 growth              
     35.00 R840W, 600 meters growth from R600W to line 1215W          
     211.8 Total                
     158.9 Indicated, maintain 75/25 split              
       53.0 Inferred                
                   
Notes                  
  Dundee on Triple R Growth from initial @ 30 to 40% or ~130M to 140M lbs over 1 km on ave.    
      https://research.dundeecapitalmarkets.com/en/~/media/Dcm/Publications/CoverageListResearch/2016/March/f/fcu032816.ashx
  David Sadowski on R600W 15 to 20M lbs @ 1:25 min mark        
      https://www.youtube.com/watch?v=hgKPTrmYNQ8
  Technical 43-101 https://www.fissionuranium.com/_resources/reports/RPA_Fission_U_Patterson_Lake_South_Technical_Report_FINAL_Feb_2015.pdf
  Current Map   https://www.fissionuranium.com/_resources/zoom2/PLS16_Winter_DDH_Update_with_ENTIRE_RADON_21Mar16.jpg?r=17226
  Current strike length 2.58 km (line 960W to 1620E)…..mineralization to line 1215W, 255m west of 960W  
  Does not include R600W to R00E gap success at line 435W        
  Planned start of Summer drilling Program May 1, 2016          
  Do your own DD              



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