Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

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

Fission Uranium Corp

Bullboard Posts

Comment by shrinkon Jul 06, 2017 1:31pm

116 Views

Post# 26440705

RE:RE:RE:RE:FCU - Potential to have First Open Pit Mine in Basin

Maybe your right Bigbuyer123 and maybe they are trying to remain within their budget which would be prudent.

Bigbuyer123 wrote: Well I'm sure there's likely to be a winter program and summer program in 2018, so I'm not sure why you're posting like they're only drinlling 7 holes in 18 months.

Maybe they're happy with the expansion on the current zones and there's becoming less cost/benefit per hole on the zones that already exist in the current reports?

shrink wrote: So 7 holes, 2380 metres is suppose to hold investor interest until the end of 2018?

Bigbuyer123 wrote: Exciting times for the FCU.

Are they drilling any more holes? Or only hitting up R1515W?

Grayhawk50 wrote: Ross McElroy, President, COO, and Chief Geologist for Fission, commented:

"PLS has the potential to be the first open pit uranium operation in the Athabasca Basin in decades and, with mineralization at such a shallow depth, we are able to simultaneously accelerate our progress towards PFS stage - a key step on the road to possible future production - whilst continuing to expand our known mineralization at PLS. With the decision to target the end of 2018 for a PFS study, this program will include a variety of metallurgical and geotechnical work. At the same time, we will be drilling a number of holes to grow R1515W - the new, high-grade zone that was discovered during the most recent program, as we move further west from the Triple R deposit, towards the high-grade boulder field."