Fission Announces Multiple High-Grade Assays
April 14 2014 - 3:00AM
Marketwired
Fission Announces Multiple High-Grade Assays
Assays released for twelve holes at PLS Discovery
KELOWNA, BRITISH COLUMBIA--(Marketwired - Apr 14, 2014) -
FISSION URANIUM CORP. (TSX-VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU)
("Fission" or "the Company") is pleased to announce assay results
from twelve holes at its Patterson Lake South (PLS) property in
Saskatchewan's Athabasca Basin, Canada. All twelve holes are
drilled within the R780E zone and returned wide intervals of
mineralization, with nine of the holes returning high-grade assays.
Of particular note is hole PLS14-132 which intersected multiple
zones of mineralization including intervals such as 8.48% U3O8 over
3.5m in 4.03% U3O8 over 8.0m.
Ross McElroy, President, COO, and Chief Geologist for Fission,
commented,
|
"This is a strong set of assays with
wide intervals and high grades from holes drilled early in winter
program. They contribute significantly to the confirmed
mineralization at PLS and provide us with additional data to help
direct future drill targeting." |
|
Assay
Highlights
PLS14-132 (Line 810E)
| • |
46.0m
(134.5m to 180.5m) @ 0.72% U3O8, including: |
|
|
10.5m
(169.0m to 179.5m) @ 2.41% U3O8 |
| • |
5.5m
(216.0m to 221.5m) @ 1.54% U3O8, including: |
|
|
3.0m
(217.5m to 220.5m) @ 2.74% U3O8 |
| • |
8.0m
(226.5m to 234.5m) @ 4.03% U3O8, including: |
|
|
3.5m
(229.5m to 233.0m) @ 8.48% U3O8 |
PLS14-136 (Line 600E)
| • |
41.0m
(119.0m to 160.0m) @ 0.92% U3O8, including: |
|
|
8m
(133.0m to 141.0m) @ 2.59% U3O8 and |
|
|
2.5m
(145.0m to 147.5m) @ 3.69% U3O8 |
PLS14-126 (Line 780E)
| • |
8.5m (152.5m to 161.0m) @ 1.3% U3O8, including: |
|
|
1m
(157.0m to 158.0m) @ 4.44% U3O8 |
| • |
5.5m (178.0m to 183.5m) @ 2.41% U3O8, including: |
|
|
2m
(178.0m to 180.0m) @ 4.66% U3O8 |
Composited % U3O8 mineralized intervals are summarized in Table
1 below. Samples from the drill core are split in half sections on
site. Where possible, samples are standardized at 0.5m down-hole
intervals. One-half of the split sample is sent to SRC
Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited
Facility) in Saskatoon, SK for analysis which includes U3O8 (wt %)
and fire assay for gold, while the other half remains on site for
reference. All analysis include a 63 element ICP-OES, uranium by
fluorimetry and boron. All depth measurements reported, including
sample and interval widths are down-hole, core interval
measurements and true thickness are yet to be determined.
PLS Mineralized Trend
Summary
Uranium mineralization at PLS has been traced by core drilling
over 2.24km of east-west strike length in five separate mineralized
"zones" from line 615W (PLS13-124) to line 1620E (PLS14-196). From
west to east, these zones are; R600W, R00E, R780E, R1155E and
R1620E. The former R390E, R585 and R945E zones have been merged
into the R780E zone by successful winter drilling. Mineralization
remains open along strike both to the western and eastern extents.
Mineralization is both located within and associated with a
metasedimentary lithologic corridor, bounded to the south by the
PL-3B basement Electro-Magnetic (EM) Conductor.
Table 1
Composited Mineralized Intervals (Down-hole measurements)
|
Zone |
Hole ID |
Grid Line |
From (m) |
To (m) |
Interval (m) |
U3O8 (wt%) |
|
R780E |
PLS14-125 |
570E |
70.50 |
71.00 |
0.50 |
0.08 |
|
|
|
|
89.00 |
93.00 |
4.00 |
0.08 |
|
|
|
|
115.50 |
116.00 |
0.50 |
0.11 |
|
|
|
|
119.50 |
176.00 |
56.50 |
0.46 |
|
|
|
|
130.50 |
136.50 |
6.00 |
1.91 |
|
|
|
|
163.00 |
165.50 |
2.50 |
1.71 |
|
|
|
|
183.50 |
184.00 |
0.50 |
0.07 |
|
|
|
|
191.50 |
195.00 |
3.50 |
0.06 |
|
|
|
|
197.50 |
198.00 |
0.50 |
0.06 |
|
|
|
|
200.50 |
201.50 |
1.00 |
0.07 |
|
|
|
|
225.50 |
237.50 |
12.00 |
0.21 |
|
|
PLS14-126 |
780E |
141.50 |
146.00 |
4.50 |
0.09 |
|
|
|
|
152.50 |
161.00 |
8.50 |
1.30 |
|
|
|
|
157.00 |
158.00 |
1.00 |
4.44 |
|
|
|
|
164.00 |
169.50 |
5.50 |
0.52 |
|
|
|
|
178.00 |
183.50 |
5.50 |
2.41 |
|
|
|
|
178.00 |
180.00 |
2.00 |
4.66 |
|
|
|
|
189.00 |
190.50 |
1.50 |
0.09 |
|
|
|
|
218.50 |
219.00 |
0.50 |
0.13 |
|
|
|
|
230.00 |
235.00 |
5.00 |
0.96 |
|
|
|
|
243.00 |
243.50 |
0.50 |
0.07 |
|
|
|
|
289.50 |
296.00 |
6.50 |
0.29 |
|
|
|
|
298.50 |
300.00 |
1.50 |
0.46 |
|
|
|
|
372.50 |
374.00 |
1.50 |
0.10 |
|
|
PLS14-127 |
825E |
65.00 |
72.50 |
7.50 |
0.05 |
|
|
|
|
79.50 |
80.00 |
0.50 |
0.09 |
|
|
|
|
99.50 |
120.00 |
20.50 |
0.16 |
|
|
|
|
124.50 |
130.00 |
5.50 |
0.06 |
|
|
|
|
132.50 |
133.50 |
1.00 |
0.08 |
|
|
|
|
141.50 |
142.50 |
1.00 |
0.11 |
|
|
|
|
146.50 |
161.00 |
14.50 |
0.27 |
|
|
|
|
166.00 |
168.00 |
2.00 |
1.39 |
|
|
|
|
170.50 |
176.50 |
6.00 |
0.08 |
|
|
|
|
186.00 |
188.50 |
2.50 |
1.06 |
|
|
|
|
197.50 |
200.00 |
2.50 |
1.17 |
|
|
|
|
212.00 |
213.50 |
1.50 |
0.93 |
|
|
|
|
298.50 |
299.00 |
0.50 |
0.06 |
|
|
PLS14-128 |
945E |
108.50 |
113.50 |
5.00 |
0.06 |
|
|
|
|
134.50 |
135.00 |
0.50 |
0.06 |
|
|
|
|
140.00 |
142.50 |
2.50 |
0.08 |
|
|
|
|
145.00 |
162.00 |
17.00 |
0.19 |
|
|
|
|
167.50 |
173.50 |
6.00 |
0.46 |
|
|
|
|
177.00 |
181.50 |
4.50 |
0.06 |
|
|
|
|
216.50 |
220.50 |
4.00 |
6.74 |
|
|
|
|
218.00 |
220.00 |
2.00 |
13.04 |
|
|
|
|
244.50 |
245.00 |
0.50 |
0.07 |
|
|
|
|
426.00 |
426.50 |
0.50 |
0.06 |
|
|
|
|
435.50 |
436.00 |
0.50 |
0.05 |
|
|
PLS14-130 |
345E |
67.00 |
81.00 |
14.00 |
0.23 |
|
|
|
|
84.50 |
101.50 |
17.00 |
0.47 |
|
|
|
|
93.00 |
96.50 |
3.50 |
1.57 |
|
|
|
|
108.00 |
125.00 |
17.00 |
0.27 |
|
|
|
|
131.00 |
131.50 |
0.50 |
0.07 |
|
|
|
|
142.50 |
146.50 |
4.00 |
3.00 |
|
|
|
|
142.50 |
143.50 |
1.00 |
11.10 |
|
|
|
|
157.00 |
157.50 |
0.50 |
0.07 |
|
|
|
|
162.00 |
164.50 |
2.50 |
0.07 |
|
|
|
|
183.50 |
187.00 |
3.50 |
0.09 |
|
|
|
|
195.50 |
197.50 |
2.00 |
0.38 |
|
|
PLS14-131 |
780E |
145.00 |
145.50 |
0.50 |
0.09 |
|
|
|
|
168.50 |
191.00 |
22.50 |
0.22 |
|
|
|
|
195.00 |
196.50 |
1.50 |
0.15 |
|
|
|
|
199.50 |
230.00 |
30.50 |
0.30 |
|
|
|
|
207.00 |
210.50 |
3.50 |
0.93 |
|
|
|
|
234.50 |
256.00 |
21.50 |
0.34 |
|
|
|
|
260.50 |
262.50 |
2.00 |
1.01 |
|
|
|
|
265.50 |
266.00 |
0.50 |
0.35 |
|
|
|
|
274.50 |
275.00 |
0.50 |
0.31 |
|
|
|
|
310.50 |
311.00 |
0.50 |
0.06 |
|
|
|
|
321.00 |
324.00 |
3.00 |
0.08 |
|
|
|
|
364.00 |
364.50 |
0.50 |
0.18 |
|
|
|
|
373.50 |
375.00 |
1.50 |
0.07 |
|
|
|
|
377.50 |
378.50 |
1.00 |
0.20 |
|
|
|
|
383.50 |
384.00 |
0.50 |
0.26 |
|
|
|
|
389.50 |
396.00 |
6.50 |
0.08 |
|
|
|
|
419.50 |
420.00 |
0.50 |
0.06 |
|
|
PLS14-132 |
810E |
72.00 |
84.50 |
12.50 |
0.40 |
|
|
|
|
77.50 |
78.50 |
1.00 |
3.28 |
|
|
|
|
91.50 |
124.00 |
32.50 |
0.09 |
|
|
|
|
134.50 |
180.50 |
46.00 |
0.72 |
|
|
|
|
169.00 |
179.50 |
10.50 |
2.41 |
|
|
|
|
184.50 |
188.00 |
3.50 |
1.42 |
|
|
|
|
216.00 |
221.50 |
5.50 |
1.54 |
|
|
|
|
217.50 |
220.50 |
3.00 |
2.74 |
|
|
|
|
226.50 |
234.50 |
8.00 |
4.03 |
|
|
|
|
229.50 |
233.00 |
3.50 |
8.48 |
|
|
|
|
239.00 |
242.00 |
3.00 |
0.24 |
|
|
|
|
259.00 |
260.00 |
1.00 |
0.30 |
|
|
PLS14-133 |
315E |
96.00 |
101.00 |
5.00 |
0.06 |
|
|
|
|
117.00 |
122.00 |
5.00 |
0.11 |
|
|
|
|
130.00 |
141.50 |
11.50 |
0.08 |
|
|
|
|
145.50 |
146.00 |
0.50 |
1.40 |
|
|
|
|
162.00 |
164.00 |
2.00 |
1.00 |
|
|
|
|
167.00 |
180.50 |
13.50 |
0.90 |
|
|
|
|
175.50 |
176.50 |
1.00 |
8.37 |
|
|
|
|
184.00 |
205.50 |
21.50 |
0.48 |
|
|
|
|
195.50 |
200.50 |
5.00 |
1.03 |
|
|
|
|
239.00 |
240.50 |
1.50 |
0.37 |
|
|
|
|
317.00 |
317.50 |
0.50 |
0.18 |
|
|
PLS14-134 |
465E |
144.00 |
152.00 |
8.00 |
0.30 |
|
|
|
|
154.50 |
155.50 |
1.00 |
0.08 |
|
|
|
|
158.00 |
162.50 |
4.50 |
0.41 |
|
|
|
|
167.00 |
168.50 |
1.50 |
0.07 |
|
|
|
|
173.00 |
177.50 |
4.50 |
0.08 |
|
|
|
|
182.00 |
186.50 |
4.50 |
0.27 |
|
|
PLS14-135 |
960E |
117.00 |
121.00 |
4.00 |
0.07 |
|
|
|
|
134.50 |
175.00 |
40.50 |
0.16 |
|
|
|
|
182.00 |
182.50 |
0.50 |
0.08 |
|
|
|
|
188.00 |
190.50 |
2.50 |
1.29 |
|
|
|
|
231.50 |
232.00 |
0.50 |
0.15 |
|
|
|
|
235.50 |
241.50 |
6.00 |
0.07 |
|
|
|
|
265.50 |
266.00 |
0.50 |
0.06 |
|
|
|
|
283.50 |
286.50 |
3.00 |
0.38 |
|
|
PLS14-136 |
600E |
119.00 |
160.00 |
41.00 |
0.92 |
|
|
|
|
133.00 |
141.00 |
8.00 |
2.59 |
|
|
|
|
145.00 |
147.50 |
2.50 |
3.69 |
|
|
|
|
208.50 |
209.50 |
1.00 |
0.17 |
|
|
|
|
220.00 |
221.00 |
1.00 |
0.16 |
|
|
PLS14-137 |
390E |
121.00 |
121.50 |
0.50 |
0.06 |
|
|
|
|
194.50 |
195.50 |
1.00 |
0.06 |
| Composite Parameters |
|
1. |
Minimum Thickness: 0.50m |
|
2. |
Grade Cut-Off: 0.05 U3O8 (wt%) |
|
3. |
Maximum Internal Dilution: 2.00m |
An approximate 30,000m drill program and ground geophysics and
radon in water and sediment surveys continues at PLS. Updated maps
and files can be found on the Company's website at
http://www.fissionuranium.com/project/pls/overview/.
Patterson Lake South Property
The 31,039 hectare PLS project is 100% owned and operated by
Fission Uranium Corp. PLS is accessible by road with primary access
from all-weather Highway 955, which runs north to the former Cluff
Lake mine and passes through the nearby UEX-Areva Shea Creek
discoveries located 50km to the north, currently under active
exploration and development.
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed on behalf of the company by
Ross McElroy, P.Geol. President and COO for Fission Uranium Corp.,
a qualified person.
About Fission Uranium Corp.
Fission Uranium Corp. is a Canadian based resource company
specializing in the strategic exploration and development of the
Patterson Lake South uranium property and is headquartered in
Kelowna, British Columbia. Common Shares are listed on the TSX
Venture Exchange under the symbol "FCU" and trade on the OTCQX
marketplace in the U.S. under the symbol "FCUUF."
ON BEHALF OF THE BOARD
Ross McElroy, President and COO
Cautionary Statement: Certain information contained in this
press release constitutes "forward-looking information", within the
meaning of Canadian legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur", "be achieved" or "has the potential to".
Forward looking statements contained in this press release may
include statements regarding the future operating or financial
performance of Fission and Fission Uranium which involve known and
unknown risks and uncertainties which may not prove to be accurate.
Actual results and outcomes may differ materially from what is
expressed or forecasted in these forward-looking statements. Such
statements are qualified in their entirety by the inherent risks
and uncertainties surrounding future expectations. Among those
factors which could cause actual results to differ materially are
the following: market conditions and other risk factors listed from
time to time in our reports filed with Canadian securities
regulators on SEDAR at www.sedar.com. The forward-looking
statements included in this press release are made as of the date
of this press release and the Company and Fission Uranium disclaim
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Fission Uranium Corp.Rich MatthewsInvestor RelationsTF:
877-868-8140rich@fissionuranium.comwww.fissionuranium.com
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