Finally! Good news guys KELOWNA, BRITISH COLUMBIA--(Marketwired - Apr 18, 2017) - FISSION URANIUM CORP. (FCU.TO)(FCUUF)(2FU.F) ("Fission" or "the Company") is pleased to announce that two additional high-grade holes have grown the recently discovered R1515W shallow depth, high-grade land-based zone at its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. Of particular note is hole PLS17-557 (line 1530W), which encountered 47.0m total composite mineralization, including 5.29m of total composite >10,000 cps, making this the strongest hole to date at 1515W. Holes PLS17-557 (line 1530W) and PLS17-560 (line 1545W) have expanded the strike length of R1515W to 30m. In turn, the strike length of the mineralized trend at PLS has now grown to 3.17km. In addition, exploration drilling has identified new areas of interest within the Forest Lake and Patterson Lake corridors.
Drill Results Highlights
- R1515W - two additional mineralized holes, including strongest hole to date on this zone (discovered via regional drilling earlier in the winter program)
- Zone expanded to 30m strike length with 15m step-outs to the west on line 1530W and on line 1545W
- PLS17-557 (line 1530W) returned
- 47.0m total composite mineralization over a 125.0m section (between 107.0m to 232.0m), including:
- 27.5m continuous mineralization (189.0m to 216.5m), including:
- 5.29m of total composite >10,000 cps
- PLS17-560 (line 1545W) returned
- 58.5m total composite mineralization over a 108.5m section (between 137.0m to 245.5m, including:
- 1.57m of total composite >10,000 cps
- Zone expanded to 30m strike length with 15m step-outs to the west on line 1530W and on line 1545W
- PLS17-557 (line 1530W) returned
- 47.0m total composite mineralization over a 125.0m section (between 107.0m to 232.0m), including:
- 27.5m continuous mineralization (189.0m to 216.5m), including:
- 5.29m of total composite >10,000 cps
- 47.0m total composite mineralization over a 125.0m section (between 107.0m to 232.0m), including:
- 27.5m continuous mineralization (189.0m to 216.5m), including:
- 5.29m of total composite >10,000 cps
- 27.5m continuous mineralization (189.0m to 216.5m), including:
- 5.29m of total composite >10,000 cps
- 5.29m of total composite >10,000 cps
- PLS17-560 (line 1545W) returned
- 58.5m total composite mineralization over a 108.5m section (between 137.0m to 245.5m, including:
- 1.57m of total composite >10,000 cps
- 58.5m total composite mineralization over a 108.5m section (between 137.0m to 245.5m, including:
- 1.57m of total composite >10,000 cps
- 1.57m of total composite >10,000 cps
- Patterson Lake Mineralized trend now expanded to 3.17km
- New areas of interest discovered on Forest Lake Corridor and Patterson Lake Corridor
Ross McElroy, President, COO, and Chief Geologist for Fission, commented
"We are very pleased with the results of our regional exploration drilling. These final regional holes have not only expanded the newly-discovered high-grade, shallow-depth R1515W zone with our strongest hole to date on that zone, they have also extended our mineralized trend strike length at PLS to 3.17km. Other regional holes have identified further areas of interest at PLS, which will be targeted for follow up in future programs."
Patterson Lake Corridor
Table 1: R1515W Zone Drilling
| | | | Collar | * Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum) | | | Basement | Total |
| Hole ID | Zone | Grid
Line | Az | Dip | From
(m) | To
(m) | Width
(m) | CPS
Peak
Range | Lake
Depth
(m) | Sandstone
From - To
(m) | Unconformity
Depth
(m) | Drillhole
Depth
(m) |
| PLS17-557 | R1515W | 1530W | 333 | -82.6 | 107.0 | 108.0 | 1.0 | 300 - 620 | NA | NA | 104.0 | 302.0 |
| | | | | | 134.5 | 135.0 | 0.5 | 320 | | | | |
| | | | | | 157.5 | 159.0 | 1.5 | 350 - 590 | | | | |
| | | | | | 166.0 | 172.0 | 6.0 | <300 - 1100 | | | | |
| | | | | | 189.0 | 216.5 | 27.5 | <300 - 37000 | | | | |
| | | | | | 219.0 | 228.0 | 9.0 | <300 - 44200 | | | | |
| | | | | | 230.5 | 232.0 | 1.5 | 1700 - 4100 | | | | |
| PLS17-560 | R1515W | 1545W | 340 | -79.8 | 137.0 | 142.0 | 5.0 | <300 - 1300 | NA | NA | 104.0 | 302.0 |
| | | | | | 155.0 | 155.5 | 0.5 | 460 | | | | |
| | | | | | 175.0 | 176.5 | 1.5 | <300 - 620 | | | | |
| | | | | | 181.0 | 185.0 | 4.0 | 480 - 22500 | | | | |
| | | | | | 188.0 | 192.0 | 4.0 | <300 - 1000 | | | | |
| | | | | | 196.0 | 210.5 | 14.5 | 410 - 25000 | | | | |
| | | | | | 214.0 | 242.5 | 28.5 | <300 - 11000 | | | | |
| | | | | | 245.0 | 245.5 | 0.5 | 550 | | | | |
Table 2: Exploration Core Drilling - Patterson Lake Corridor Western Extension
| | | | Collar | * Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum) | | | Basement | Total |
| Hole ID | Conductor | Grid
Line | Az | Dip | From
(m) | To
(m) | Width
(m) | CPS
Peak
Range | Lake
Depth
(m) | Sandstone
From - To
(m) | Unconformity
Depth
(m) | Drillhole
Depth
(m) |
| PLS17-532 | PLG-3D | 3165E | 338 | -70.5 | No Significant Radioactivity | NA | NA | 74.0 | 258.0 |
| PLS17-535 | PLG-3A | 3045W | 327 | -81.8 | No Significant Radioactivity | NA | 104.7 - 109.4 | 109.4 | 221.0 |
| PLS17-538 | PLG-1C | 3240W | 25 | -85.1 | No Significant Radioactivity | NA | NA | 104.0 | 236.0 |
| PLS17-558 | PLG-3A | 1665W | 302 | -82.4 | No Significant Radioactivity | NA | NA | 110.1 | 364.0 |
| | | | | | | | | | | | | |
Table 3: Exploration RC Drilling - Patterson Lake Corridor Western Extension
| | | | Collar | Down-Hole Gamma Probe Intervals Averaging >500 cps | | | Basement | Total |
| Hole ID | Conductor | Grid
Line | Az | Dip | From
(m) | To
(m) | Width
(m) | CPS
Average | CPS
Peak
Range | Lake
Depth
(m) | Sandstone
From - To
(m) | Unconformity
Depth
(m) | Drillhole
Depth
(m) |
| PLSRC17-017 | PLG-3B Ext | 1770W | 340 | -79.7 | No Significant Radioactivity | NA | NA | 125.0 | 344.4 |
| PLSRC17-018 | PLG-3B Ext | 1770W | 54 | -74.5 | No Significant Radioactivity | NA | NA | 143.3 | 353.6 |
| PLSRC17-019 | PLG-3B Ext | 1770W | 315 | -76.6 | No Significant Radioactivity | NA | NA | 123.4 | 335.3 |
| | | | | | | | | | | | | | |
R1515W Area - Eight exploration core holes and five exploration RC holes led to the discovery and initial delineation of the R1515W zone as previously and currently reported.
1665W Area - Four core holes tested another anomalous area on the Patterson Lake Corridor on line 1665W, with 2 holes returning anomalous radioactivity. Three of these holes have been previously reported (see news releases Feb 27, 2017 and Mar 20, 2017). In addition hole PLS17-558 targeted the PLG-3B extension conductor on line 1665W using the same offset as the mineralized drill holes on R1515W. PLS17-558 intersected strongly chloritic mafic gneiss underlain by moderately clay - chlorite altered quartz-feldspar-biotite-garnet gneiss. No anomalous radioactivity was encountered. Results from the 1665W area are encouraging with respect to preferred lithology, hydrothermal alteration, structural disruption local anomalous radioactivity, which may lead to possible near-by mineralization.
PLS17-532 is located on line 3165E, approximately 1545m to the east of the R1620E zone. The hole targeted what was interpreted to be the same graphitic corridor that hosts the Triple R deposit along strike the east of Patterson Lake, which was first identified in hole PLS16-511. PLS17-532 intersected a wide zone of moderately altered, variably graphitic mafic gneisses underlain by quartz-feldspar-biotite-garnet gneiss but no significant radioactivity was encountered. Follow up drilling is warranted in this target area.
PLS17-535 is located on line 3045W along the interpreted western extension of the PLG-3B conductor trend that hosts the Triple R deposit approximately 2.2 km west of R840W and 1km to the east of the high-grade boulder field. The hole intersected strongly altered, likely paleoweathered, mafic gneisses locally sheared to graphite-sulphide rich mylonite all underlain by the typical north side quartz-feldspar-biotite-garnet gneiss. No anomalous radioactivity was encountered but follow up drilling along gaps in the PLG-3B western extension is warranted.
PLS17-538 is located on line 3240W approximately 2.2 km west of the R840W. The hole targeted the PLG-1C EM conductor and intersected unaltered coarse garnet quartz-feldspar-biotite gneiss to end of hole. No anomalous radioactivity was intersected and no follow up is presently warranted in this area.
Forest Lake Corridor
Table 4: Exploration Core Drilling - Forrest Lake Corridor
| | | | Collar | * Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum) | | | Basement | Total |
| Hole ID | Conductor | Grid
Line | Az | Dip | From
(m) | To
(m) | Width
(m) | CPS
Peak
Range | Lake
Depth
(m) | Sandstone
From - To
(m) | Unconformity
Depth
(m) | Drillhole
Depth
(m) |
| PLS17-540 | PLG-19D | 120W | 338 | -72.3 | No Significant Radioactivity | NA | NA | 109.6 | 332.5 |
| PLS17-543 | NA | 4215W | 331 | -67.0 | No Significant Radioactivity | NA | NA | 121.1 | 443.0 |
| PLS17-544 | PLG-19E | 1560E | 338 | -76.6 | No Significant Radioactivity | NA | NA | 134.3 | 303.0 |
| PLS17-549 | PLB-37E | 375W | 326 | -72.9 | 173.5 | 174.0 | 0.5 | 800 | NA | NA | 91.8 | 304.0 |
| PLS17-550 | PLV-13A | 3900W | 324 | -69.4 | 257.5 | 258.0 | 0.5 | 320 | NA | NA | 126.6 | 425.0 |
| PLS17-552 | PLG-56A | 4830W | 352 | -72.3 | No Significant Radioactivity | NA | NA | 155.0 | 323.0 |
| PLS17-554 | PLV-13A | 3900W | 329 | -72.3 | No Significant Radioactivity | NA | NA | 122.9 | 275.0 |
| PLS17-556 | PLG-19A1 | 4440W | 341 | -66.9 | No Significant Radioactivity | NA | NA | 110.3 | 275.0 |
| PLS17-559 | PLV-19A | 3900W | 331 | -67.7 | No Significant Radioactivity | NA | NA | 128.1 | 293.0 |
PLS17-540 located on line 120W targeted a coincident magnetic low and recently interpreted ground electromagnetic (EM) conductor trace and interpreted cross cutting fault. Lithology consisted of an intercalated sequence of mafic and quartz-feldspar-biotite-garnet gneiss. No anomalous radioactivity was intersected but a strongly silicified mafic gneiss was cored and the bottom of the hole similar to what is commonly seen around the Triple R deposit. Further follow up work is warranted along this trend.