Mr. Ross McElroy reports
FISSION HITS CONTINUOUS 102.5M @ 5.98% U3O8; WIDEST HIGH-GRADE INTERVAL TO DATE AT PLS
Fission Uranium Corp. has released assay results from nine holes drilled in the R780E zone at its Patterson Lake South 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 58.50 metres, and continuous mineralization from 63.0 metres, the hole returned a continuous 102.5-metre interval of 5.98 per cent triuranium octoxide -- the widest high-grade interval to date at PLS. A lower interval of substantial mineralization followed, yielding 1.63 per cent U3O8 over 15.0 metres.
With a composite grade percentage U3O8 times thickness in metres (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 38.0 metres at 13.66 per cent U3O8 and 31.5 metres at 11.19 per cent U3O8 (see news release dated March 24, 2014). All nine holes returned wide intervals of mineralization.
Assay highlights:
- PLS14-187 (line 660E):
- 102.5 metres (63.0 metres to 165.5 metres) at 5.98 per cent U3O8, including three metres (68.0 metres to 71.0 metres) at 27.20 per cent U3O8, 10.5 metres (78.0 metres to 88.5 metres) at 12.93 per cent U3O8, six metres (108.5 metres to 114.5 metres) at 14.12 per cent U3O8, 2.5 metres (143.5 metres to 146.0 metres) at 16.92 per cent U3O8 and
4.5 metres (152.5 metres to 157.0 metres) at 16.14 per cent U3O8;
- 15.0 metres (216.5 metres to 231.5 metres) at 1.63 per cent U3O8, including
nine metres (218.5 metres to 227.5 metres) at 2.59 per cent U3O8;
- PLS14-146 (line 915E):
- 47.0 metres (132.0 metres to 179.0 metres) at 2.18 per cent U3O8, including three metres (163.0 metres to 166.0 metres) at 4.30 per cent U3O8 and
two metres (171.5 metres to 173.5 metres) at 14.27 per cent U3O8;
-
PLS14-145 (line 825E):
- 22.5 metres (132.0 metres to 154.5 metres) at 0.97 per cent U3O8, including
7.5 metres (144.0 metres to 151.5 metres) at 2.24 per cent U3O8.
Ross McElroy, president, chief operating officer 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 102.5 metres at 5.98 per cent 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 percentage U3O8 mineralized intervals are summarized in the table. Samples from the drill core are split in half sections on site. Where possible, samples are standardized at 0.5-metre downhole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005-accredited facility) in Saskatoon for analysis, which includes U3O8 (weight percentage) 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 downhole, and core interval measurements and true thickness are yet to be determined.
COMPOSITED MINERALIZED INTERVALS (DOWNHOLE MEASUREMENTS)
Grid Interval
Zone Hole ID line From (m) To (m) (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: 0.50 metre
2. Grade cut-off: 0.05 U3O8 (wt percentage)
3. Maximum internal dilution: two metres
PLS mineralized trend summary
Uranium mineralization at PLS has been traced by core drilling over 2.24 kilometres 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 electromagnetic 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.
Patterson Lake South property
The 31,039-hectare PLS project is 100 per cent owned and operated by Fission Uranium. 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 50 kilometres 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, PGeol, president and chief operating officer for Fission Uranium, a qualified person.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.