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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 teeveeon Apr 28, 2016 12:56pm
92 Views
Post# 24821034

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:43-101 update and drill results?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:43-101 update and drill results?HighRoi, 
Every dollar spent on fullfilling the recommended work needed to move towards a pre feasibility study takes away from you know who's >$100K/month expense account. It is party time on CGN's dime for at least a few more years. 

HighROI wrote: Looks like management took a page out of NXE's playbook and published a plan for 2016 / 2017. Page 17 in fission presentation outlines drilling but absolutely none of the recommendations in the PEA to further de-risk the project for 2016 / 2017. It is clear to pumpers and bashers alike that the dyke and water issue is heavily debated. If you were Fission management would you not undertake a recommended study to look into the dyke and water ingress issues further? If this issue is de-risked: capex costs of the dyke are confirmed and the technical feasibility confirmed then FCU would go through the roof. These are all required as part of a pre-feasibility yet no mention anywhere in the plans. Drilling has gotten FCU nowhere for a while and will continue to do so. Is the plan to just wait for spot to rise and keep drilling or actually advance the project? NXE is going to have a second update to the resource this year and a pre-feasibility in 2017. No mention of timeline for FCU pre-feasibility and deferred resource update until 2017.


Bullboard Posts