Fission Resource Upgrade & Growth Drilling Hits High-Grades in Multiple Holes
ir@fissionuranium.com
www.fissionuranium.com
TSX SYMBOL: FCU
OTCQX SYMBOL:
FCUUF
First six holes of the R1515W program intercept wide, near surface mineralization
- The first six holes of the R1515W program have intercepted strong, wide mineralization
- Hole PLS24-659 (line 1545W)
-
- 66.0m total composite mineralization over a 156.5m interval (between 133.5m to 290.0m), including
- 3.75m of total composite >10,000 cps with maximum peaks to >65,535 cps over 0.5m
- Hole PLS24-653 (line 1560W)
-
- 63.0m total composite mineralization over a 99.0m interval (between 139.5m to 238.5m), including
- 5.57m of total composite >10,000 cps
Table 1: Drill Hole Summary
Hole ID |
Zone |
Collar |
Hand-held Scintillometer Results On Mineralized |
Basement |
Total |
|||||
Grid Line |
Az |
Dip |
From |
To (m) |
Width |
|
||||
PLS24-652 |
R1515W |
1515W |
333 |
-65.1 |
145.0 |
149.0 |
4.0 |
300 - 450 |
133.8 |
302.0 |
|
|
|
|
|
158.0 |
195.5 |
37.5 |
<300 - 22400 |
|
|
|
|
|
|
|
208.0 |
215.0 |
7.0 |
<300 - 1400 |
|
|
|
|
|
|
|
218.5 |
222.5 |
4.0 |
<300 - 390 |
|
|
|
|
|
|
|
225.0 |
227.0 |
2.0 |
<300 - 520 |
|
|
|
|
|
|
|
232.5 |
239.5 |
7.0 |
330 - 33300 |
|
|
|
|
|
|
|
243.5 |
244.0 |
0.5 |
320 |
|
|
PLS24-653 |
R1515W |
1560W |
338 |
-80.2 |
139.5 |
143.0 |
3.5 |
<300 - 480 |
100.5 |
332.0 |
|
|
|
|
|
156.5 |
157.0 |
0.5 |
350 |
|
|
|
|
|
|
|
169.0 |
170.0 |
1.0 |
320 - 710 |
|
|
|
|
|
|
|
180.5 |
238.5 |
58.0 |
<300 - 28900 |
|
|
PLS24-655 |
R1515W |
1530W |
335 |
-81.4 |
136.5 |
139.0 |
2.5 |
<300 - 560 |
102.2 |
302.0 |
|
|
|
|
|
166.5 |
179.0 |
12.5 |
<300 - 3200 |
|
|
|
|
|
|
|
193.0 |
197.5 |
4.5 |
<300 - 2600 |
|
|
|
|
|
|
|
200.5 |
228.5 |
28.0 |
<300 - 24500 |
|
|
|
|
|
|
|
231.5 |
232.0 |
0.5 |
600 |
|
|
PLS24-656 |
R1515W |
1545W |
335 |
-80.5 |
109.5 |
110.0 |
0.5 |
370 |
105.4 |
302.0 |
|
|
|
|
|
150.5 |
156.0 |
5.5 |
<300 - 1200 |
|
|
|
|
|
|
|
181.5 |
241.0 |
59.5 |
<300 - 26100 |
|
|
|
|
|
|
|
243.5 |
247.0 |
3.5 |
320 - 1200 |
|
|
PLS24-658 |
R1515W |
1515W |
336 |
-65.3 |
184.0 |
187.5 |
3.5 |
340 - 960 |
121.3 |
320.0 |
|
|
|
|
|
207.5 |
209.0 |
1.5 |
420 - 600 |
|
|
|
|
|
|
|
214.5 |
215.0 |
0.5 |
320 |
|
|
|
|
|
|
|
234.5 |
236.0 |
1.5 |
390 - 530 |
|
|
|
|
|
|
|
255.5 |
257.5 |
2.0 |
370 - 12300 |
|
|
|
|
|
|
|
262.5 |
263.5 |
1.0 |
340 - 450 |
|
|
|
|
|
|
|
268.5 |
274.5 |
6.0 |
<300 - 2200 |
|
|
PLS24-659 |
R1515W |
1545W |
336 |
-65.3 |
133.5 |
134.5 |
1.0 |
310 -370 |
118.8 |
350.0 |
|
|
|
|
|
177.0 |
178.0 |
1.0 |
310 - 660 |
|
|
|
|
|
|
|
186.0 |
216.5 |
30.5 |
<300 - 4200 |
|
|
|
|
|
|
|
238.0 |
238.5 |
0.5 |
2800 |
|
|
|
|
|
|
|
242.0 |
247.5 |
5.5 |
<300- 7100 |
|
|
|
|
|
|
|
253.0 |
266.5 |
13.5 |
<300 - >65,535 |
|
|
|
|
|
|
|
272.0 |
275.5 |
3.5 |
330 - 49100 |
|
|
|
|
|
|
|
279.5 |
290.0 |
10.5 |
<300 - 5900 |
|
|
Line 1515W: Two drillholes, PLS24-652 and PLS24-658 have been completed on grid line 1515W, aiming to confirm modeled uranium mineralization at depth in the eastern part of R1515W. PLS24-652 intersected bedrock at a depth of 133.8m downhole which consisted of a silicified hanging wall underlain by strongly altered orthogneiss and graphitic mylonite and finally footwall quartz-feldspar gneiss, the latter of which continued to a final depth of 302.0 m. Sixty-two meters of total composite radioactivity >300 counts per second (cps) on handheld scintillometer were intersected in seven zones between 145.0m and 244.0m, including 1.39m of total composite radioactivity >10,000 cps. PLS24-658 was drilled down-dip of PLS24-652 and intersected bedrock at a depth of 121.3m, consisting of a silicified hanging wall underlain by a moderate to strongly altered sequence of orthogneisses and mylonite, followed by footwall quartz-feldspar gneiss to a final depth of 302.0m. A total of 16.0m of composite radioactivity >300 cps was intersected in seven zones between 184.0m to 274.5m, including 0.25m of >10,000 cps radioactivity. Radioactivity remains open grid-south of PLS24-658.
Line 1530W: One drillhole, PLS24-655, has been completed on line 1530W targeting modeled footwall hosted uranium mineralization north of R1515W. Bedrock was intersected at a depth of 102.2m and consisted of strongly altered orthogneiss and mylonite followed by variably clay, chlorite and hematite altered footwall quartz-feldspar gneiss to the end of the drillhole at a depth of 302.0m. A total of 48.0m of total composite radioactivity >300 cps was intersected in five zones between 136.5m and 232.0m, including 0.25m > 10,000 cps. The radioactivity intersected in PLS24-655 remains open to the grid-north.
Line 1545W: Two drillholes, PLS24-656 and PLS24-659 were completed on line 1545W, aiming to confirm footwall and line-central uranium mineralization modeling, respectively. PLS24-656 intersected bedrock at a depth of 105.4m which consisted of the typical sequence of strongly altered orthogneiss intercalated with mylonite, followed by footwall quartz-feldspar gneiss to a final depth of 302.0m. PLS24-656 intersected a total of 69.0m of total composite radioactivity >300 cps in four zones between 109.5m and 247.0m, including 0.70m >10,000 cps. PLS24-659 intersected bedrock at a depth of 118.8m, which consisted of strongly altered quartz-feldspar gneiss with sporadic, weak radioactivity followed by a silicified hanging wall, intensely altered orthogneiss intercalated with mylonite and finally footwall quartz-feldspar gneiss to a final depth of 350.0m. The drillhole intersected 66.0 meters of total composite radioactivity >300 cps between 133.5m to 290.0m in eight separate zones, including a total of 3.75m >10,000 cps and 0.5m >65,535 cps. The radioactivity in PLS24-656 remains open to the grid-north, and the radioactivity in PLS24-659 is partially open to the grid-south.
Line 1560W: One drillhole, PLS24-653, was completed on line 1560W, aiming to confirm modeled footwall hosted uranium mineralization at the western end of R1515W. Bedrock was intersected at 100.3m and consisted of strongly altered orthogneiss and mylonite to 196.5m followed by variably altered footwall quartz-feldspar gneiss to a final depth of 332.0m. Sixty-three meters of total composite radioactivity >300 cps was intersected between 139.5m to 238.5m in four zones, including 5.57m of total composite radioactivity >10,000 cps. The radioactivity intersected in PLS24-653 remains open to the grid-north.
Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand-held RS-121 Scintillometer manufactured by Radiation Solutions, which is capable of discriminating readings up to 65,535 cps. Natural gamma radiation in the drill hole survey that is reported in this news release was measured in counts per second (cps) using a
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
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.
SOURCE