Canadian Mining Journal

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URANIUM: Initial wildcat hole hits new high grade area for Fission



SASKATCHEWAN – The Patterson Lake South uranium project on the southwest rim of the Athabasca Basin has no shortage of drill targets. And Fission Uranium of Kelowna, BC, is having no problem hitting the high grade ones. The first exploration hole, PLS16-445, in a new area 135 metres west of the R600W zone intersected a 42.0-metre wide zone including a continuous 2.0-metre interval with >10,000 cps radioactivity.

Hole 445 on line 840W was angled to test the interpreted geological corridor roughly 30 metres south of a hole drilled in 2012. Fission said in a release, “The important geological features appear to be similar to those present farther east along the PLG-3B conductor, including that of the R600W and R780E zones; alternating sequences of semi-pelitic gneiss, silicified semi-pelitic gneiss, pelitic gneiss and mafic granofels. Mineralization occurs within the pelitic gneiss near the contact with the silicified semi-pelitic gneiss.”

Fission has traced uranium mineralization at PLS along an almost 2.5-km east-west strike in four separate zones – R600W, R00E, R780E and R1620E. The Triple R deposit, for which there is a 43-101 report, includes the R00E and R780E zones. Those two zones have a strike of about 1.2 km and are separated by a gap of 225 metres.

The Triple R deposit has an indicated resources of 2.1 million 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 and containing 27.2 million lb of uranium oxide.

Everything else a reader might want to know about the PLS project, including technical reports, is available at FissionUranium.com.