Canadian Mining Journal

News

URANIUM: Fission expands PLS strike to 2.5 km



SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, has completed 11 additional holes at its Patterson Lake South property on the rim of the Athabasca Basin and reports that the mineralized trend, including the Triple R deposit, has now been traced for 2.53 km in length.

And as usual from the PLS property, there is good news on top of good news. Of key importance, hole PLS16-476 hit 38.8 metres of mineralization and 1.44 metres of >10,000 cps. This was a 60-metre step out to the west of the recently discovered, high grade R840W zone. Hole 462, also drilled in the R840W zone, intercepted 71.5 metres of mineralization including 3.44 metres of >10,000 cps. The strongest hole drilled to date in the expanding R1620E zone was PLS16-464 that cut 53.0 metres of mineralization including 11.31 metres of >10,000 cps.

Fission has outlined five separate zones at the PLS property, but only two – R00E and R780E – have been included in the Triple R resource estimate. There is an indicated resource of 2.3 million tonnes grading 1.58% U3O8 and 0.51 g/t Au. The inferred resource is 901,000 tonnes at 1.30% U3O8 and 0.56 g/t Au.

Details are available at www.FissionUranium.com.