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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 Sep 05, 2016 11:15pm
125 Views
Post# 25208839

RE:RE:RE:RE:RE:Media Watch: Latest media items on Fission Uranium...

RE:RE:RE:RE:RE:Media Watch: Latest media items on Fission Uranium...Quakes, 
Once again you are either out of your area of expertise, if you have one, or are outright telling tall tales. The seismic survey is to characterize thickness, layering  and makeup of the quaternary, glaciofuvial sands and gravels, boulder rich tills and "loon sh*t", already known to be anywhere from 50-100 meters thick. If anyithing, the seismic survey will lead to more questions than answers, and a whole lot of more work and engineering evaluation, on items like dyke, slurry walls, ground water isolation etc. One thing you can be certain of, is when the smoke clears, cost estimates will increase by at least 25 to 30% as they always do when advancing from the PEA to pre feasibility. I would like to see some water wells drilled to bedrock around the zones, and every half mile to a couple of miles away from the zones, with piezometers installed, and then do some pump tests to determine how extensive the draw down area may be, and what water inflow rates may be.   Perhaps test water wells will be recommended after evaluating the seismic data? But then again, why perform work that could render the project uneconomic?

quakes99 wrote: Thanks LL.

In the past Ross has published other survey data on the Fission website: radon in water/ice, radon in soil, ground resistivity, etc.   I expect that the 2D seismic marine survey will also be published as an image with map overlay... or probably better as a rotating 3D animation that shows the underground structures detected in that survey.    After all, this will be one of the first times 2D marine seismics have been used to perform a CT scan of a shallow U3O8 deposit.  The results could be quite revealing... or not.  Depends a lot on the survey platform used, the sound source and receiver sensitivity and orientation, and how well they can tune the time-varying gain to compensate for the very shallow water depths.  If they do get it right then it should be quite the data set, imho.

That's one thing that Fission does that no other explorer does... they publish almost ALL the data collected in surveys and for every single drill hole.  They have been completely transparent in providing investors and shareholders direct access to the complete Scint tables, Assay tables, downhole Gamma probe profiles, Cross-Section views for each hole and survey line.  No one else does that.  Instead, companies like NexGen only release partial data for a few select holes in carefully crafted news releases... leaving shareholders with huge data gaps to contend with.  They cherry pick the data and just provide the absolute minimum necessary to support their statements in their news releases.  No Corebox 3D models... nada.

As to the deep hits beneath Triple R, indicating the potential for another Arrow-like discovery zone underneath the high-grade R780E core, I see it as a "later on" exploration project rather than one with a short term priority.  As David Talbot says... it is "intriguing".  However, the costs and time frames involved in drilling a large number of deep diamond drill core holes will make that exploration work very expensive and time consuming.  And for what purpose?  We already have a very well defined project heading towards a Pre-Feasibility Study.  Attempting to prove out a deep parallel deposit now could be counterproductive.

Instead, it would make more sense to me that Fission defer that work until AFTER an open pit mine has been constructed at PLS.  Once all that overburden has been removed, and a pit excavated down to 200m+, then the process of proving up a deeper deposit would be faster, cheaper, and require much shorter drill holes to reach the new region at depth.

I can see them drilling a few more deep holes this winter just to see if they can hit some high grades at depth, especially if they get good data on the 2D seismics to guide them.  But I wouldn't expect them to be going all out unless they hit the kinds of grades that NexGen has been hitting at Arrow.  Just my own thinking, fwiw.

Looking forward to some Assays heading into post-vacation September.
Good luck to all the longs!

LinkLeisure wrote: Super info thanks.  Yeah, I was curious about the 2D seismic marine survey and if they ever release imagerly on those etc....

What do you think about the hits deep below triple R?  Now I am curious as to whether they bother to drill deep deep - or just leave that for a time when prices have bounced back.....




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