Fission Uranium: PLS Strike Length Grows to 2.53 Kilometers

March 8, 2016

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Fission Uranium (TSX:FCU) announced drill results from a further 11 holes at its Triple R deposit, reporting that the strike length at the deposit has now increased to 2.53 kilometers.

As quoted in the press release:

Of key importance, hole PLS16-476 (line 915W), a 60m step out to the west of the recently-discovered high-grade R840W zone, has hit 38.8m mineralization and 1.44m of >10,000 cps. In addition, hole PLS16-462 (line 840W), also drilled on the new R840W zone, has intercepted71.5m total composite mineralization, including 3.44m of >10,000 cps.

PLS16-476 (line 915W) was a successful follow-up to a new exploration drilling approach using RC (reverse circulation) drills to allow for potentially low cost, high-efficiency exploration to evaluate, on a first pass basis, high-priority areas. PLS16-476 was testing such an area on the PLG-3B conductor.

Of further importance, hole PLS16-464 (line 1485E) has intercepted 53.0m total composite mineralization, including 11.31m of >10,000 cps. This is the strongest hole drilled to date on the expanding R1620E zone. With the intersection of anomalous radioactivity in PLS16-474 (line 1395E) the gap between The Triple R deposit and the R1620E zone has now narrowed to approximately 195m.

Nine holes were mineralized, with eight returning high-grade intervals. The high-grade R600W zone, the high-grade R1620E zone and the newly discovered High-Grade R840W zone have yet to be added to the Triple R deposit resource estimate. The mineralized trend at PLS, including the Triple R deposit, has now reached a total of 2.53km in length.

Fission President, COO and Chief Geologist, Ross McElroy, said:

This superb batch of drill results has delivered two major achievements: it substantially expands R840W – a high-grade zone we discovered last month at the westernmost end of the 2.53km mineralized trend – and it represents further high-grade growth of the R1620E zone towards the eastern end of the trend – a trend that is one of the longest lateral footprints in the Athabasca Basin region. This really is exceptional progress and our team is excited by the potential of both zones as we continue to move PLS forward.

Click here for the full press release.


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Category: Energy