Canadian Mining Journal

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URANIUM: Fission readies for $13M drill program at PLS



SASKATCHEWAN – Fission Uranium of Kelowna, BC, is preparing for a $13.3-million summer exploration program at its Patterson Lake South uranium project on the rim of the Athabasca Basin. The company plans to drill 15,200 metres to both expand existing zones and test other targets. The program includes geotechnical and metallurgical work in preparation for a prefeasibility study.

A summary of the planned work includes these activities:

  • 36 holes along the 2.58-km mineralized trend to connect new zones to the Triple R deposit;
  • 16 holes at key regional targets;
  • a 32-line km moving loop electromagnetic survey to identify additional drilling targets along the Paterson Lake Corridor;
  • a 138-lin km 2-D marine seismic survey to identify areas of stronger, wider mineralization and to generate data for geotechnical engineering; and
  • other prefeasibility activities comprising geotechnical borehole testing, hydrogeological monitoring wells, and metallurgical studies.

Fission had great success with the PLS winter drilling program earlier this year. Late last year CGN Mining of China made an $82 million equity investment in Fission, money that will be welcome as the PLS project moves forward.

Updated maps can be found on the company’s website at http://FissionUranium.com/project/pls/.