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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 Aug 18, 2016 5:18pm
163 Views
Post# 25156206

RE:Where is the market interest?

RE:Where is the market interest?
ILUVDIVIDENDS wrote: That's right, there is none!


and here is why: porous sand and gravel ranging from 50-100 meters thick lay over the 840W zone, extending from underneath Paterson Lake. There can be little doubt the groundwater also extends well past 840W zone. That means that wells to draw down the water table won't work, and that at the very least, a slurry wall will be required, and far enough back to accomodate the angle of repose for unconsolidated material in the open pit walls.  Can a slurry wall keep water seepage to an economically magagable minimum level regarding the high cost of water treatment for radioactive contamination? Is there enough uranium in 840W to cover off those costs? Obviously underground mining isn't a solution either as the resource is too shallow, and water ingress would be a large issue. The only possible benifit is that a dyke wouldn't also be required. I see this news as nothing more than a liquidity opportunity for those who want out of this stock.

Bullboard Posts