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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

Comment by Reachmeon Oct 22, 2022 10:56am
132 Views
Post# 35040901

RE:RE:Just out news - Fission Uranium 1 of 3 contenders

RE:RE:Just out news - Fission Uranium 1 of 3 contenders From the article.... Fission next hotspot for grade-high production Located just 3 km away from Rook 1,Fission Uranium(TSX: FCU; US-OTC: FCUUF)s Patterson Lake South (PLS) project is coming into sharper focus, 10 years after it discovered the Triple R deposit. Sitting on the southwest rim of the basin and 160 north km of La Loche, Sask., the British Columbia-based miner touts Triple R as the regions largest high-grade uranium deposit at shallow depth. About half of the resource lies under Patterson Lake. The year could prove to be eventful for the project, with a feasibility study expected in the fourth quarter. The company announced a 21.3% increase in indicated resources of 472,000 tonnes. in September. The Triple R deposit comprises five mineralized zones ranging from 60 to 100 metres wide over a strike length of 3.2 km starting. The shallow deposit starts at about 50 metres below surface and extends down to 300 metres and remains open in most directions. Mineral reserves total 2.3 million tonnes grading 1.61% U3O8, containing 81.4 million lb. U3O8. Fission also aims to increase the projects mine life from 7.3 years in thePLS prefeasibility study in 2019 to potentially 10 years in its upcoming feasibility study. The study will be based on the new resource, which incorporates results from 175 holes drilled over the last three years.
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