Canadian Mining Journal

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URANIUM: Fission sets out $6.5M drill program



SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, has set aside at least $6.5 million for a 34-hole, 10,105-metre winter drilling program at its PLS property in the Athabasca Basin.

The program includes several regional targets outside of the Triple R deposit. Drilling will also target the expansion of new zones at both ends of the mineralized trend. A small moving loop time domain electromagnetic survey is also planned.

Uranium mineralization at PLS occurs within the Patterson Lake conductive corridor and has been traced by core drilling approximately 2.63 km of east-west strike length in four separated mineralized zones. From west to east, these zones are R840W, R00E, R780E and R1620E. Thus far only the R00E and R780E have been included in the Triple R deposit resource estimate. Indicated resource is 2.0 tonnes grading 1.83% U3O8 and containing 81.1 million lb of uranium oxide. The inferred resource is 785,000 tonnes grading 1.57% U3O8  containing 27.2 million lb of uranium oxide.

Details are posted at www.FissionUranium.com.

(Editor’s note: If this year is anything like last year, readers will be seeing a lot of great results from PLS over the coming months.)