Fission Completes Geotechnical Program; Commences Resource Growth and Regional Exploration Drilling
ir@fissionuranium.com
www.fissionuranium.com
TSX SYMBOL: FCU
OTCQX SYMBOL:
FCUUF
Concurrent drill programs underway with multiple rigs on site
News Highlights
- Completed 35-hole geotechnical drill program; Fission approaching start of Detailed Engineering Design stage
- 15-hole (~6,650m) regional exploration drill program has commenced and will follow up on high priority targets identified during the winter exploration program as detailed in the News Release of
April 08, 2024 - 19-hole (~5,830m) program of close spaced drill-hole delineation has commenced at the R1515W high-grade zone; aimed at upgrading the resource classification of the zone's Inferred Resources to Indicated for inclusion in the current mine plan (see NR dated
April 08, 2024 )
Geotechnical Drill Program Details
Tailings Management Facility (TMF): 27 boreholes for a combined total of 868.0 m were completed in the southern portion of the proposed TMF site. This work was conducted to provide critical geotechnical information to support the detailed design of the TMF. A second phase of drilling in the Northern portion of the TMF is to be drilled later this summer, comprising 18 boreholes for a total of 605 metres. Logging of borehole soils and the installation of downhole piezometers for monitoring purposes was conducted by
Waste Management: Four boreholes totaling 80.1 m were completed at the proposed waste management location to monitor groundwater chemistry. Borehole material logging and piezometer installations was completed by Clifton.
Vent Shaft: Four boreholes were completed at the proposed location of the fresh air and exhaust air vent shafts, totaling 330.8 m. The purpose of vent shaft drilling was to 1) assess the frequency and size of coarse boulder-type material in the overburden and 2) investigate bedrock conditions at the vent shaft locations. Logging of the borehole soils, bedrock, and installation of in-hole piezometers was completed by BGC.
PLS Mineralized Trend & Triple R Deposit Summary
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.
Patterson Lake South Property
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"
____________________________
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 the Company 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.sedarplus.ca. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims 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.
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