Canadian Mining Journal

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URANIUM EXPLORATION: Waterbury Lake grades very high

SASKATCHEWAN - Fission Energy of Kelowna, BC, has received very high assays from the discovery hole at its Wat...



SASKATCHEWAN – Fission Energy of Kelowna, BC, has received very high assays from the discovery hole at its Waterbury Lake project that surrounds Midwest uranium mine. Fission says that hole WAT10-063A in the J zone tested 13.87% U3O8 over 1.0 metre approximately 230 metres below surface. The same hole also returned 0.16% over 4.0 metres and 1.91% over 10.5 metres.

Needless to say, Fission has continued drilling to test the extension of the J zone in three directions. The most recent assays included sections totalling 7.5-metres that were so radioactive that the readings were off the scale of the handheld scintillometer in use. The very high grades were encountered in hole WAT10-070B, a 15-metre step-out to the west of the discovery hole.

Fission says it believes the J zone represents a significant new discovery of unconformity mineralization in the Athabasca Basin.

A map of the J-Zone and table summarizing the drill ore handheld scintillometer readings can be found on the company’s website at http://www.Fission-Energy.com/s/WaterburyLake.asp.