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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 sudzie191on Apr 12, 2016 11:12am
209 Views
Post# 24756429

New road and mine

New road and mineSo new road gets built to the south following the existing winter road I think.

THis later gets the rich NXE ores to the new mill likely on the Fission property

New NXE mine plan likely as follows

In the host rock off to the side, sink shafts, 1 for ore and equipment, 1 for personnel and services, smallers ones for ventilation all the way to the bottom

Starting from the bottom, use lateral drifts towards the ore body,and mine it utilizing host rock as shielding. FIll in mined out areas as neceassary. THen move up 10 meters or so and repeat. Repeat many times.

NXE will take a while to build and have high up front costs.

THerefore, FCU open pits will be mined first as lower cost and quicker to build and provide feed to the new mill and revenue to build the NXE mine. As Fission gets into the lower grade ores, NXE hi grade will be blended in soas to avoid the hi grade mill cost and all that complexity.

New townsite and all infrastructure, roads, airport, schools, hospital, etc will be shared between the 2 projects

Later in the life of that project, Shea Creek ores will feed the new mill.

Expect a buyout of both NXE and FCU for this plan, early 2017 or earlier, which ever comes first, lol



Bullboard Posts