- Fission Uranium (TSX:FCU) released results from the final 13 drill holes on the R1515W zone at its PLS property in the Athabasca Basin
- All holes intercepted wide intervals of mineralization, with nine holes also hitting high-grade sections
- Results will be used to upgrade the resource classification of the zone from mostly inferred to indicated and higher, for potential inclusion in the current mine plan
- Fission Uranium shares last traded at C$1.29 per share
Fission Uranium (TSX:FCU) released results from the final 13 drill holes on the R1515W zone at its PLS property in the Athabasca Basin.
The Kelowna, British Columbia-based miner announced that all holes intercepted wide intervals of mineralization, with nine holes also hitting high-grade sections. The team pointed to PLS24-664 (line 1545W), which intersected 6.74 metres of total composite greater than 10,000 counts per second (cps, a measurement for the rate of radiation) in 77.0 metres of total composite mineralization and PLS24-663 (line 1500W) intersected 5.79 metres of total composite greater than 10,000 cps in 50.4 metres of total composite mineralization. The R1515W upgrade program is now complete.
Results will be used to upgrade the resource classification of the zone from mostly inferred to indicated and higher, for potential inclusion in the current mine plan.
Mineralization along the Patterson Lake Corridor trend remains prospective along strike in the western and eastern directions.
“Our resource growth program has been a resounding success. Every hole is strongly mineralized with the majority intersecting high-grade intervals. With these results in hand, and once assay results quantify and qualify results, we are confident we will have achieved our goal of upgrading the majority of the R1515W zone resource classification,” Fission’s president and CEO, Ross McElroy, said in a news release. “After which, once upgraded, we will be able to consider including the zone in the mine plan in the future. This in turn will increase mine reserves and further enhance the production profile of the PLS project.”
One-half of the split sample will be sent to SRC Geoanalytical Laboratories in Saskatoon for analysis which includes U3O8 and fire assay for gold.
The 310 square kilometre PLS project is totally owned and operated by Fission Uranium and is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine.
Fission Uranium is a Canadian uranium project developer and 100 per cent owner of the Patterson Lake South uranium property, which is a high-grade uranium mine and mill in the Athabasca Basin in Saskatchewan.
Fission Uranium Corp. (TSX:FCU) shares last traded at C$1.29 per share.
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(Top image: Fission Uranium Corp.)