Fission Drilling Identifies New, Highly Prospective Areas on PLS Corridor
ir@fissionuranium.com
www.fissionuranium.com
TSX SYMBOL: FCU
OTCQX SYMBOL:
FCUUF
Winter regional exploration drill program complete; Results warrant follow-up on key targets on prolific trend
- Winter exploration drilling complete with multiple holes intersecting anomalous radioactivity in association with hydrothermal alteration and favorable lithostratigraphic and structural features:
- Both holes at the Saloon target were deemed highly prospective particularly considering they are west along trend of the recent "PCE" high-grade discovery
- All 7 holes at the Far East target hit anomalous features considered prospective and proximal to the presence of nearby uranium mineralization, including 4 holes with anomalous radioactivity
- Highly prospective geology was encountered at the Pistol and Saddle target areas
Map 1: 2024 Winter Final Diamond Drill Hole Location
Table 1: Drill Hole Summary
|
Collar |
|
|
|
Downhole Gamma Probe Results (>300 cps / >0.1M minimum) |
||||||||
TARGET AREA |
HOLE ID |
Easting |
Northing |
Elevation (masl) |
Az |
Dip |
Lake Depth (m) |
Basement |
Total Drillhole |
From (m) |
To (m) |
Width (m) |
|
Saloon |
PLS24-638 |
595434 |
6385561 |
549 |
326 |
-66 |
NA |
130.7 |
530.0 |
295.9 |
296.4 |
0.5 |
301.0 - 578.9 |
|
PLS24-641 |
595608 |
6385696 |
550 |
327 |
-71 |
NA |
122.8 |
491.0 |
No anomalous radioactivity |
|||
East Extension |
PLS24-639 |
600388 |
6390455 |
498 |
337 |
-67 |
4.8 |
50.0 |
293.0 |
223.6 |
224.0 |
0.4 |
302.6 - 492.8 |
|
PLS24-640 |
600366 |
6390500 |
498 |
337 |
-58 |
4.9 |
59.2 |
149.0 |
No anomalous radioactivity |
|||
|
PLS24-644 |
600354 |
6390512 |
498 |
345 |
-51 |
4.9 |
66.6 |
104.0 |
61.7 |
62.1 |
0.4 |
302.6 - 350.6 |
|
PLS24-646 |
600335 |
6390497 |
498 |
342 |
-41 |
3.0 |
74.9 |
95.0 |
No anomalous radioactivity |
|||
|
PLS24-646A |
600335 |
6390497 |
498 |
338 |
-45 |
3.0 |
77.0 |
110.0 |
No anomalous radioactivity |
|||
|
PLS24-647 |
600395 |
6390501 |
498 |
335 |
-45 |
4.9 |
70.8 |
179.0 |
88.1 |
88.8 |
0.7 |
269.6 - 361.7 |
|
PLS24-648 |
600396 |
6390436 |
498 |
336 |
-66 |
7.2 |
52.8 |
380.0 |
240.7 |
241.00 |
0.3 |
305.8 - 411.9 |
Pistol |
PLS24-642 |
598434 |
6390496 |
498 |
340 |
-67 |
6.4 |
63.9 |
779.0 |
No anomalous radioactivity |
|||
|
PLS24-650 |
598777 |
6390548 |
498 |
19 |
-56 |
7.6 |
69.0 |
932.0 |
No anomalous radioactivity |
|||
Saddle |
PLS24-649 |
593810 |
6387807 |
554 |
333 |
-75 |
NA |
150.9 |
365.0 |
No anomalous radioactivity |
|||
Bridle |
PLS24-643 |
595580 |
6388810 |
552 |
331 |
-72 |
NA |
124.0 |
282.5 |
No anomalous radioactivity |
|||
|
PLS24-645 |
594857 |
6388266 |
549 |
322 |
-58 |
NA |
133.0 |
269.5 |
No anomalous radioactivity |
|||
Holster |
PLS24-637 |
597091 |
6389989 |
517 |
337 |
-74 |
NA |
79.0 |
608.7 |
No anomalous radioactivity |
Saloon Target (Holes PLS24-638 and PLS24-641 for a total of 1,021m)
Both holes hit anomalous radioactivity in strongly altered (clay, chlorite, hematite, graphite, silica) structural deformation zones. Anomalous radioactivity and alteration at Saloon has now been identified over 50m in the down-dip direction and 220m along strike, suggesting a major hydrothermal fluid pathway which contains uranium mineralization. The Saloon shear zone is on trend to the west with the recent high-grade "PCE" discovery (hole RK-24-183) reported at NexGen's SW2 property. Drill results demonstrate the Saloon target is highly prospective and warrants follow up.
East Extension Target (Holes PLS24-639, PLS24-640, PLS24-644, PLS24-646/646A, PLS24-647 and PLS24-648) for a total of 1,310m)
All seven holes hit anomalous radioactivity up to +490 cps in the same graphitic shear zone, the "main shear zone", that hosts the
Pistol Target (Holes PLS24-642 and PLS24-650 for a total of 1,711m)
PLS24-642 intersected potentially the same hanging wall stratigraphy as the nearby Arrow deposit, and hosted zones of wet rock alteration, dravite breccia and rose quartz, all of which are reported to have a close spatial relationship to uranium mineralization at Arrow. A series of graphitic shear zones, which are likely an extension of the same host rocks as Arrow was intersected below the previously noted features. No uranium mineralization was intersected in this hole but results nevertheless contain very positive signs. PLS24-650 was drilled 340m northeast along trend and intersected a wide zone of wet rock style alteration starting at 339m with potential rose quartz but no dravite or graphitic shear zones. Drill results demonstrate the Pistol target is highly prospective and warrants follow up.
Saddle Target (Hole PLS24-649 for a total of 365m)
Located west along trend of the
Holster Target (Hole PLS24-637 for a total of 609m)
The drillhole intersected a thick sequence of variably silicified, clay, chlorite and sericite altered quartz-feldspar-biotite-garnet gneiss and dioritic gneiss, with local sections of abundant semi-massive to massive sulphide minerals. A 0.5m lens of elevated radioactivity was intersected at 95m in pervasively chlorite altered gneissic rocks, returning up to 320 cps but is suspected to be due to thorium, rather than uranium.
Bridle Target (Holes PLS24-643 and PLS24-645 for a total of 552m)
PLS24-643 and PLS24-645 tested the PLV-3A EM conductor approximately 1km and 1.6km west of R1515W respectively, along the same EM conductor that hosts the
Natural gamma radiation that is reported in this news release was measured in counts per second (cps) using a
In addition, natural gamma radiation was measured in counts per second (cps) using a hand-held RS-125 Scintillometer, manufactured by Radiation Solutions, which is capable of discriminating readings up to 65,535 cps.
All intersections are down-hole depths. All depths reported of core interval measurements including radioactivity and mineralization intervals widths are not always representative of true thickness.
Samples from the drill core will be split in half sections on site and where possible, samples will be standardized at 0.5m down-hole intervals. One-half of the split sample will be sent to
Uranium mineralization of the
The R1515W, R840W and R00E zones make up the western region of the
Mineralization along the Patterson Lake Corridor trend remains prospective along strike in both the western and eastern directions. Basement rocks within the mineralized trend are identified primarily as mafic volcanic rocks with varying degrees of alteration. Mineralization is both located within and associated with mafic intrusives with varying degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite. The graphitic sequences are associated with the PL-3B basement Electro-Magnetic (EM) conductor.
The 31,039-hectare PLS project is 100% owned and operated by
Qualified Persons
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
ON BEHALF OF THE BOARD
"Ross McElroy"
___________________________
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