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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Energy
Fission Uranium Corp. is a Canada-based resource company. The Company’s principal business activity is the acquisition and development of exploration and evaluation assets. The Company is a resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin in Western Canada. The Company’s primary asset is the Patterson Lake South (PLS) project, which hosts the Triple R deposit, high-grade and near-surface uranium deposit that occurs within 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises approximately 17 contiguous claims totaling approximately 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin, notable for hosting the highest-grade uranium deposits and operating mines in the world. The Company also has the West Cluff property comprising three claims totaling 11,148-hectares in the western Athabasca Basin region of northern Saskatchewan.


TSX:FCU - Post by User

Fission Uranium Corp
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Comment by Thatsniceon Jan 04, 2018 10:20pm
172 Views
Post# 27286462

RE:RE:RE:RE:RE:Value of FCU sale?

RE:RE:RE:RE:RE:Value of FCU sale?Hmmm,  Very interesting..!

What makes me curious though is why they couldn't have raised the cut-off grades in the first RE. There must be a good bit of low grade in the open pit section and/or the indicated portion of their discovery if they kept the cut-off as low as they did then. At least that is what seems to be implied.

I'm sure that whomever was doing the assessing must of done a cross over plot to find the best cutoff grade point.  So with a high grade 840 W and 1515 W sections it would possibly allow for a higher grade cutoff to be used and still have a higher quantity of indicated ore. That to me means that FCU would be helped by further drilling projects provided of course that they find more ore.

Looking forward to their next drilling news release to see what they have in mind.

GTLA

TN
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Dealroom for high-potential pre-IPO opportunities
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