Fission Hits Continuous 102.5M @ 5.98% U3O8; Widest High-Grade Interval to date at PLS
2014年4月22日 - 4:00PM
Marketwired
Fission Hits Continuous 102.5M @ 5.98% U3O8; Widest High-Grade
Interval to date at PLS
KELOWNA, BRITISH COLUMBIA--(Marketwired - Apr 22, 2014) -
FISSION URANIUM CORP. (TSX-VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU)
("Fission" or "the Company") is pleased to announce assay results
from nine holes drilled in the R780E zone at its Patterson Lake
South (PLS) property in Saskatchewan's Athabasca Basin, Canada. Of
exceptional note is hole PLS14-187, located on line 660E. With
intermittent mineralization starting at the shallow depth of just
58.50m, and continuous mineralization from 63.0m, the hole returned
a continuous 102.5m interval of 5.98% U3O8 - the widest high-grade
interval to date at PLS. A lower interval of substantial
mineralization followed, yielding 1.63% U3O8 over 15.0m.
With a composite Grade %U3O8 x Thickness in meters (GT) value of
613 for the upper interval, PLS14-187 is the second strongest
mineralized hole to date at PLS. It is surpassed only by hole
PLS14-129 which included intervals such as 38.0m @ 13.66% U3O8 and
31.5m @ 11.19% U3O8 (see NR March 24, 2014). All nine holes
returned wide intervals of mineralization.
Assay Highlights
PLS14-187 (Line 660E) |
|
• |
102.5m (63.0m to 165.5m) @ 5.98% U3O8, including: |
|
|
3.0m
(68.0m to 71.0) @ 27.20% U3O8, and |
|
|
10.5m
(78.0m to 88.5m) @ 12.93% U3O8, and |
|
|
6.0m
(108.5m to 114.5m) @ 14.12% U3O8, and |
|
|
2.5m
(143.5m to 146.0m) @ 16.92% U3O8, and |
|
|
4.5m
(152.5m to 157.0m) @ 16.14% U3O8 |
|
• |
15.0m
(216.5m to 231.5m) @ 1.63% U3O8, including |
|
|
9.0m
(218.5m to 227.5m) @ 2.59% U3O8 |
|
|
|
PLS14-146 (Line 915E) |
|
• |
47.0m
(132.0m to 179.0m) @ 2.18% U3O8, including: |
|
|
3.0m
(163.0m to 166.0m) @ 4.30% U3O8, and: |
|
|
2.0m
(171.5m to 173.5m) @ 14.27% U3O8 |
|
|
|
PLS14-145 (Line 825E) |
|
• |
22.5m
(132.0m to 154.5m) @ 0.97% U3O8, including: |
|
|
7.5m
(144.0m to 151.5m) @ 2.24% U3O8 |
Ross McElroy, President, COO, and Chief Geologist for Fission,
commented,
|
"This is a superb set of assays, which
highlights the remarkable growth rate of the PLS discovery so far
and the continued potential of its mineralized system. With 102.5m
at 5.98% U3O8, PLS14-187 in particular is an exceptional hole and
represents a tremendous amount of high-grade mineralization. We are
delighted by these results." |
|
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.
Table 1
Composited Mineralized Intervals (Down-hole measurements)
Zone |
Hole ID |
Grid Line |
From (m) |
To (m) |
Interval (m) |
U3O8 (wt%) |
R780E |
PLS14-138 |
285E |
73.00 |
107.00 |
34.00 |
0.20 |
|
|
|
109.50 |
110.00 |
0.50 |
0.06 |
|
|
|
113.00 |
116.00 |
3.00 |
0.17 |
|
|
|
123.00 |
128.00 |
5.00 |
0.21 |
|
|
|
131.50 |
135.00 |
3.50 |
0.16 |
|
|
|
137.50 |
141.00 |
3.50 |
0.40 |
|
|
|
150.50 |
152.00 |
1.50 |
0.09 |
|
|
|
165.00 |
167.00 |
2.00 |
0.67 |
|
|
|
170.00 |
187.00 |
17.00 |
1.04 |
|
|
|
173.50 |
178.00 |
4.50 |
2.88 |
|
PLS14-139 |
585E |
66.00 |
67.50 |
1.50 |
0.05 |
|
|
|
119.50 |
126.50 |
7.00 |
0.15 |
|
|
|
130.00 |
160.00 |
30.00 |
0.15 |
|
|
|
199.00 |
207.50 |
8.50 |
0.28 |
|
PLS14-140 |
780E |
191.00 |
198.00 |
7.00 |
0.16 |
|
|
|
202.00 |
207.50 |
5.50 |
0.07 |
|
|
|
217.50 |
218.00 |
0.50 |
0.05 |
|
|
|
225.50 |
245.00 |
19.50 |
0.10 |
|
|
|
250.50 |
251.00 |
0.50 |
0.36 |
|
|
|
254.50 |
262.00 |
7.50 |
0.28 |
|
|
|
264.50 |
271.00 |
6.50 |
0.09 |
|
|
|
302.00 |
304.50 |
2.50 |
0.15 |
|
|
|
374.50 |
375.00 |
0.50 |
0.06 |
|
|
|
377.50 |
378.00 |
0.50 |
0.09 |
|
|
|
408.00 |
415.00 |
7.00 |
0.18 |
|
PLS14-142 |
480E |
87.50 |
90.00 |
2.50 |
0.06 |
|
|
|
130.50 |
141.00 |
10.50 |
0.08 |
|
|
|
143.50 |
150.00 |
6.50 |
0.05 |
|
|
|
154.50 |
177.50 |
23.00 |
0.09 |
|
|
|
181.00 |
181.50 |
0.50 |
0.06 |
|
|
|
218.00 |
218.50 |
0.50 |
0.06 |
|
|
|
306.50 |
307.00 |
0.50 |
0.06 |
|
PLS14-145 |
825E |
78.00 |
79.50 |
1.50 |
0.08 |
|
|
|
89.50 |
117.00 |
27.50 |
0.13 |
|
|
|
120.00 |
120.50 |
0.50 |
0.10 |
|
|
|
122.50 |
124.00 |
1.50 |
0.05 |
|
|
|
126.50 |
128.00 |
1.50 |
0.09 |
|
|
|
132.00 |
154.50 |
22.50 |
0.97 |
|
|
|
144.00 |
151.50 |
7.50 |
2.24 |
|
|
|
159.00 |
160.00 |
1.00 |
0.28 |
|
|
|
171.00 |
172.50 |
1.50 |
0.36 |
|
|
|
175.00 |
176.00 |
1.00 |
0.07 |
|
|
|
178.50 |
181.00 |
2.50 |
1.34 |
|
|
|
183.50 |
184.00 |
0.50 |
0.15 |
|
|
|
188.50 |
189.00 |
0.50 |
0.10 |
|
|
|
192.50 |
193.00 |
0.50 |
0.14 |
|
|
|
199.00 |
199.50 |
0.50 |
0.13 |
|
|
|
203.50 |
211.00 |
7.50 |
0.40 |
|
|
|
213.50 |
214.50 |
1.00 |
0.05 |
|
|
|
218.00 |
226.00 |
8.00 |
0.22 |
|
|
|
279.00 |
279.50 |
0.50 |
0.17 |
|
|
|
283.00 |
284.50 |
1.50 |
0.37 |
|
|
|
291.50 |
294.50 |
3.00 |
0.04 |
|
|
|
316.00 |
317.50 |
1.50 |
0.12 |
|
|
|
320.50 |
321.00 |
0.50 |
0.16 |
|
|
|
330.00 |
330.50 |
0.50 |
0.07 |
|
|
|
347.50 |
348.00 |
0.50 |
0.08 |
|
PLS14-146 |
915E |
125.00 |
129.00 |
4.00 |
0.07 |
|
|
|
132.00 |
179.00 |
47.00 |
2.18 |
|
|
|
163.00 |
166.00 |
3.00 |
4.30 |
|
|
|
171.50 |
173.50 |
2.00 |
14.27 |
|
|
|
181.50 |
184.50 |
3.00 |
1.17 |
|
|
|
202.50 |
203.00 |
0.50 |
0.07 |
|
|
|
212.00 |
213.50 |
1.50 |
0.09 |
|
|
|
216.50 |
217.50 |
1.00 |
0.49 |
|
|
|
222.50 |
225.00 |
2.50 |
0.46 |
|
|
|
237.00 |
241.00 |
4.00 |
1.04 |
|
|
|
239.00 |
240.00 |
1.00 |
3.64 |
|
|
|
254.00 |
256.00 |
2.00 |
3.19 |
|
|
|
259.50 |
264.00 |
4.50 |
0.11 |
|
|
|
272.00 |
273.50 |
1.50 |
0.15 |
|
|
|
363.00 |
369.00 |
6.00 |
0.16 |
|
PLS14-147 |
615E |
112.00 |
112.50 |
0.50 |
0.10 |
|
|
|
115.00 |
143.50 |
28.50 |
0.15 |
|
|
|
146.00 |
150.50 |
4.50 |
0.10 |
|
|
|
154.00 |
161.00 |
7.00 |
0.18 |
|
|
|
164.50 |
165.00 |
0.50 |
0.06 |
|
|
|
198.00 |
201.50 |
3.50 |
0.08 |
|
|
|
208.50 |
209.00 |
0.50 |
0.08 |
|
|
|
212.00 |
212.50 |
0.50 |
0.06 |
|
|
|
221.00 |
222.00 |
1.00 |
0.08 |
|
PLS14-151 |
615E |
117.00 |
117.50 |
0.50 |
0.08 |
|
|
|
120.00 |
121.50 |
1.50 |
0.12 |
|
|
|
125.50 |
131.50 |
6.00 |
0.31 |
|
|
|
137.00 |
139.50 |
2.50 |
0.11 |
|
|
|
144.50 |
148.00 |
3.50 |
0.12 |
|
|
|
213.00 |
215.50 |
2.50 |
0.61 |
|
|
|
222.50 |
225.50 |
3.00 |
0.11 |
|
PLS14-187 |
660E |
58.50 |
60.50 |
2.00 |
0.06 |
|
|
|
63.00 |
165.50 |
102.50 |
5.98 |
|
|
|
68.00 |
71.00 |
3.00 |
27.20 |
|
|
|
78.00 |
88.50 |
10.50 |
12.93 |
|
|
|
108.50 |
114.50 |
6.00 |
14.12 |
|
|
|
143.50 |
146.00 |
2.50 |
16.92 |
|
|
|
152.50 |
157.00 |
4.50 |
16.14 |
|
|
|
190.00 |
194.50 |
4.50 |
0.08 |
|
|
|
198.00 |
201.50 |
3.50 |
0.21 |
|
|
|
204.00 |
212.00 |
8.00 |
0.09 |
|
|
|
216.50 |
231.50 |
15.00 |
1.63 |
|
|
|
218.50 |
227.50 |
9.00 |
2.59 |
Composite Parameters |
|
1. |
Minimum Thickness: 0.50m |
|
2. |
Grade Cut-Off: 0.05 U3O8 (wt%) |
|
3. |
Maximum Internal Dilution:
2.00m |
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.
Fission has received and released assay results on 22 holes from
its winter 2014 drill program 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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