Mr. Ross McElroy reports
FISSION ENHANCES R780E ZONE WITH SIX HIGH-GRADE HOLES, INCLUDING 25.5M @ 6.36% U3O8
Fission Uranium Corp. has released assay results from all six winter program holes drilled on the R780E zone at its Patterson Lake South property, in Canada's Athabasca basin region. All
six holes encountered high-grade intervals. Of particular note is hole PLS18-573 (line 510E), which returned 97.0 metres of total composite mineralization including multiple high-grade intervals such as 4.0 m at 21.93 per cent triuranium octoxide, 3.5 m at 10.95 per cent U3O8 within 25.5 m at 6.36 per cent U3O8 and 1.5 m at 22.36 per cent U3O8 within 10.0 m at 4.14 per cent U3O8, respectively. Importantly, these successful holes are part of a program to upgrade certain key areas of the R780E zone, currently classified as inferred resources to indicated resources.
Ross McElroy, president, chief operating officer and chief geologist for Fission, commented:
"These final winter assays from the Triple R deposit's central R780E zone highlight the potential to grow the resources contained within the current boundaries of the deposit. As we progress towards prefeasibility, it is our goal to upgrade key areas of our inferred category resources to indicated category. This has the possibility to enhance the economics and further derisk the project."
Assay highlights
PLS18-573 (line 510E): key intervals
-
21.5 m at 0.36 per cent
U3O8
(74.0 m to 95.5 m);
- Including
1.0 m at 2.08 per cent
U3O8
(76.0 m to 77.0 m);
- 25.5 m at 6.36 per cent U3O8
(100.0 m to 125.5 m);
- Including
4.0 m at 21.93 per cent
U3O8
(101.0 m to 105.0 m);
- Including
3.5 m at 10.95 per cent
U3O8
(115.5 m to 119.0 m);
-
10.0 m at 4.14 per cent U3O8
(131.0 m to 141.0 m);
- Including
1.5 m at 22.36 per cent U3O8
(133.5 m to 135.0 m).
PLS17-575 (line 720E): key interval
-
27.5 m at 3.60 per cent
U3O8
(135.5 m to 163.0 m);
- Including
7.0 m at 10.70 per cent
U3O8
(145.0 m to 152.0 m).
R780E ZONE -- COMPOSITED MINERALIZED INTERVALS FROM DRILL HOLES
Hole ID From (m) To (m) Interval (m) U3O8 (wt %)
PLS18-573 59.50 60.50 1.00 0.37
74.00 95.50 21.50 0.36
76.00 77.00 1.00 2.08
100.00 125.50 25.50 6.36
101.00 105.00 4.00 21.93
115.50 119.00 3.50 10.95
131.00 141.00 10.00 4.14
133.50 135.00 1.50 22.36
148.50 156.00 7.50 0.17
159.50 169.00 9.50 0.12
171.50 174.00 2.50 0.26
184.50 185.50 1.00 0.05
186.50 187.50 1.00 0.07
190.00 207.50 17.50 0.11
PLS18-575 135.50 163.00 27.50 3.60
145.00 152.00 7.00 10.70
181.00 182.00 1.00 0.43
184.50 185.50 1.00 7.33
189.50 190.00 0.50 0.06
194.00 194.50 0.50 0.08
198.00 200.50 2.50 0.29
PLS18-579 79.00 84.00 5.00 0.36
87.50 94.50 7.00 0.30
102.50 107.50 5.00 1.89
103.00 105.00 2.00 4.12
110.00 111.00 1.00 0.09
122.50 125.00 2.50 0.06
149.50 150.00 0.50 0.09
190.00 192.00 2.00 0.05
193.00 193.50 0.50 0.08
195.50 196.00 0.50 0.05
219.00 219.50 0.50 0.05
PLS18-580 94.50 95.00 0.50 0.05
107.00 121.50 14.50 2.71
116.50 120.50 4.00 7.18
125.00 137.00 12.00 0.35
139.50 146.00 6.50 0.42
156.50 171.00 14.50 0.32
174.50 189.50 15.00 0.31
192.00 194.50 2.50 0.14
200.00 203.00 3.00 1.18
208.00 209.00 1.00 0.26
211.50 212.00 0.50 0.09
214.00 214.50 0.50 0.07
217.00 218.00 1.00 0.10
PLS18-581 134.50 135.50 1.00 0.07
144.50 178.00 33.50 1.15
158.00 162.00 4.00 3.89
165.00 166.00 1.00 14.03
182.00 184.00 2.00 1.09
187.50 190.00 2.50 0.10
197.50 201.50 4.00 0.18
204.00 206.50 2.50 4.23
210.50 217.50 7.00 3.51
211.00 213.00 2.00 10.50
232.50 233.00 0.50 0.29
PLS18-582 58.70 59.00 0.30 0.19
75.00 83.00 8.00 7.05
77.50 79.50 2.00 22.95
105.50 106.00 0.50 0.06
115.00 122.00 7.00 0.34
126.00 130.50 4.50 1.12
128.50 130.50 2.00 2.44
134.50 135.00 0.50 0.11
159.00 162.50 3.50 0.09
173.00 177.00 4.00 0.05
204.50 205.00 0.50 0.08
206.00 206.50 0.50 0.05
218.50 221.00 2.50 0.20
Composite parameters
Minimum thickness: 0.50 m.
Grade cut-off: 0.05 U3O8 (weight percentage).
Maximum internal dilution: 2.00 m.
Samples from the drill core are split in half sections on site. Where possible, samples are standardized at 0.5 m 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, Sask., for analysis which includes U3O8 (weight percentage) and fire assay for gold, while the other half remains on site for reference. All analysis includes a 63-element ICP-OES, uranium by fluorimetry and boron. All depths reported of core interval measurements including sample and interval widths are down-hole and are not always representative of true thickness. The orientation of the mineralized intervals tends to follow that of lithologic contacts and generally dips steeply to the south. Within the Triple R deposit, individual zone wireframe models constructed from assay data and used in the resource estimate indicate that all five zones have a complex geometry controlled by and parallel to steeply south-dipping lithological boundaries as well as a preferential subhorizontal orientation.
PLS mineralized trend and Triple R deposit summary
Uranium mineralization of the Triple R deposit at PLS occurs within the Patterson Lake conductive corridor and has been traced by core drilling over about 3.18 kilometres of east-west strike length in five separated mineralized zones which collectively make up the Triple R deposit. From west to east, these zones are: R1515W, R840W, R00E, R780E and R1620E. Through successful exploration programs completed to date, Triple R has evolved into a large, near-surface, basement-hosted, structurally controlled high-grade uranium deposit. The discovery hole was announced on Nov. 5, 2012, with drill hole PLS12-022, from what is now referred to as the R00E zone.
The R1515W, R840W and R00E zones make up the western region of the Triple R deposit and are located on land, where overburden thickness is generally between 55 m to 100 m. R1515W is the westernmost of the zones and is drill defined to about 90 m in strike length, about 68 m across strike and about 220 m vertical and where mineralization remains open in several directions. R840W is located about 515 m to the east along strike of R1515W and has a drill-defined strike length of about 430 m. R00E is located about 485 m to the east along strike of R840W and is drill defined to about 115 m in strike length. The R780E zone and R1620E zones make up the eastern region of the Triple R deposit. Both zones are located beneath Patterson Lake where water depth is generally less than six metres and overburden thickness is generally about 50 m. R780E is located about 225 m to the east of R00E and has a drill-defined strike length of about 945 m. R1620E is located about 210 m along strike to the east of R780E, and is drill defined to about 185 m in strike length.
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 volcanic intrusives with varying degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite. The graphitic sequences are associated with the PL-3B basement electromagnetic (EM) conductor.
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 km to the north.
About Fission Uranium Corp.
Fission Uranium is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property -- host to the class-leading Triple R uranium deposit -- and is headquartered in Kelowna, B.C.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.