DAILY NEWS Dec 5, 2012 4:00 PM - 0 comments

URANIUM: Patterson Lake South yields up to 11.1% U3O8

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SASKATCHEWAN – Fission Energy Corp. of Kelowna, BC, and its 50% joint venture partner Alpha Minerals of Vancouver are pleased with the recent nine-hole drilling program on their Patterson Lake South uranium property on the southwest margin of the Athabasca Basin.

The best hole, PLS12-024 intersected 1.78% U3O8 over 18.0 metres from 65.0 to 83.0 metres below surface. The length included 12.5 metres at 2.49%, 3.5 metres at 4.33% and 0.50 metre at 11.1% U3O8. Other promising holes returned 1.07% over 8.5 metres including 2.5 metres at 2.63% U3O8; 0.40% over 22.5 metres including 4.03 metres at 0.85% U3O8; and 0.27% U3O8 over 9.5 metres.

Fission and Alpha said the drilling program focused on the partially tested PL-3B electromagnetic conductor as well as other untested parallel east-northeast trending EM conductors that lie about 3.0 km to the east of the high grade uranium boulder field reported in July 2011.

More information about Patterson Lake South can be found at Fission-Energy.com and EsoUranium.com.

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