KELOWNA, BC – Fission Uranium Corp. is this year’s winner of the “Exploration of the Year” award as selected by Mining Journal in London, U.K. The award was made in recognition of Fission’s ongoing success at the Patterson Lake South project in Saskatchewan.
“Winning one of the most coveted exploration awards in the mining industry is a tremendous affirmation of our ongoing accomplishments at PLS. It is the first time this award has been won by a uranium explorer in many years, which not only further highlights the expertise of our team but also places PLS, Saskatchewan and the uranium industry firmly in the world spotlight,” said Dev Randhawa, Fission’s chairman and CEO.
Having discovered high grade uranium at PLS in 2012, Fission has mounted a very successful exploration program, one that resulted in the initial resource estimate in January 2015 and a preliminary economic assessment nine months later. The maiden resource estimate for the Triple R deposits included 2.29 million indicated tonnes averaging 1.58% U3O8 or 79.61 million lb of uranium oxide. The inferred portion is 901,000 tonnes averaging 1.30% U3O8 or 25.88 million lb of contained uranium oxide. And high grade results continue as the exploration program moves ahead at adjacent zones.
The company further noted that Glass Lewis has advised its shareholders to vote for all resolutions including the board’s proposed nominees at the Dec. 15 annual general meeting. Details at FissionUranium.com.