Metallurgical Study Highlights to Date Include: Of particular note are the results from hole PLS17-MET-C (line 660E), which intersected 144.0m of total composite mineralization, including a continuous interval of 108.0m 8.46% U 3 O 8, the widest continuously mineralized intervals drilled on the Triple R deposit to date. All three holes returned substantial intervals of high-grade uranium. The final three holes to report targeted the shallow, high-grade R780E zone as part of a metallurgical study for use in a pre-feasibility study on the high-grade Triple R deposit. (TSX:FCU) (OTCQX:FCUUF) (FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce the remaining assay results from its summer 2017 program at its' PLS property in Canada's Athabasca Basin region. It does not store any personal data.KELOWNA, BRITISH COLUMBIA-(Marketwired - Jan. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Other. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Areva Shea Creek discoveries located 50 kilometres to the north. Arrow deposit located 3.0 kilometres to the east and UEX Corp. The 31,039-hectare Patterson Lake Project is accessible by road with the primary access from all-weather Highway 955, which runs north of the former Cluff Lake mine and passes the NexGen Energy Ltd. McElroy has said the commencement of a feasibility study is a major milestone for Fission, and also for the emerging uranium district and its local communities in the Western Athabasca Basin of Saskatchewan.
#Fission uranium drill results upgrade
The resource upgrade drilling was conducted in conjunction with the continuing phase one of the feasibility work at PLS. On Tuesday, the company said the goal of summer resource drilling is to upgrade the majority of the R840W zone by decreasing the spacing between drill hole mineralized intercepts. The hope is that R840W can be included in the resource model for the feasibility study. In keeping with that goal, the company launched a 25-hole core drill program in mid-June targeting the R840W zone which is located on land about 500 metres west of Patterson Lake. The company has said further work, including additional drilling may provide sufficient data for further inclusion of the R1515W, R840W and R1620E zones into the feasibility study mine plan. However, the study only considered the ROOE and R780E zones. In September, 2019, the company released the results of a pre-feasibility study (PFS) for an underground-only mining scenario at Patterson Lake South. The announcement comes after Fission recently launched a feasibility study at the PLS property.
The shares are trading in a 52-week range of 69 cents and 23 cents. “As we await confirmation with assay results, we believe this represents a strong validation of our growth strategy as we continue to develop the project,’’ he said.įission shares advanced on the news, rising 4.5% or $0.025 to 57 cents on volume of 538,930. “We hit mineralization with all 25 holes, testing over 353 metres of strike length of the R840W zone, the majority of which intersected considerable high-grade intervals,’’ said Fission President and CEO Ross McElroy.
On Tuesday the company said resource expansion drilling on the R840W Zone returned high grade mineralization in 19 holes of the 25 drilled. The property hosts the high-grade Triple R uranium deposit, which has the potential to become one of the lowest cost uranium mining operations in the world, Fission has said. Fission Uranium Corp. on Tuesday released scintillometer results from the summer 2021 resource upgrade drill program at its 100%-owned Patterson Lake South (PLS) property in Saskatchewan.
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