Fission Hits Best Off-Scale to Date: 53.47m Total Composite "Off-Scale" (Line 660E); Connects Another Two Zones


March 24, 2014

Fission Hits Best Off-Scale to Date: 53.47m Total Composite "Off-Scale" (Line 660E); Connects Another Two Zones

KELOWNA, BRITISH COLUMBIA--(Marketwired - March 24, 2014) - FISSION URANIUM CORP.("Fission" or "the Company") (TSX VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is pleased to announce results from nine new holes at its PLS property in Saskatchewan's Athabasca Basin. Of exceptional note and importance is hole PLS14-187 on line 660E. The hole, with mineralization starting at the shallow depth of 58.5m, has returned 53.47m Total Composite "Off-scale" (>9999 cps) in 146.0m of total composite mineralization on line 660E and closes the gap between the R390E and R780E high-grade zones. This hole is still in progress at a current depth of 407m, in altered but unmineralized pelitic gneiss. All nine holes encountered wide mineralization, with seven intersecting substantial off-scale (>9999 cps) radioactivity.

Ross McElroy, President, COO, and Chief Geologist for Fission, commented:

"The sheer strength and scale of results from PLS continues to impress us. Hole PLS14-187 has returned total composited off-scale width results 46% more than hole PLS14-129, which itself ranks with the top drill holes in the Basin. Not only does the new hole set a new record at PLS but its location means the winter program has now succeeded in merging four high-grade zones (R390E, R585E, R780E and R945E) into one much larger one (R780E)."

The amount of composite off-scale in hole PLS14-187 far surpasses hole PLS14-129 (line 600E) which intersected 36.72m of off-scale and later assayed at 38.49% U3O8 over 10.5m in 13.66% U308 over 38.0m and 27.57% U3O8 over 12.0m in 11.19% U3O8 over 31.5m (see NR dated Feb. 19, 2014).

Mineralization in drill-hole PLS14-187, drilled on line 660E, now allows for the interpretation to merge the R390E Zone with R780E Zone. The newly merged high-grade zone, which has a strike length of 780m, will now be referred to as the R780E zone. This success follows soon after the merging of zones R390E and R585E (see NR dated Mar. 17, 2014 and zones R780E and R945E (see NR dated Mar. 5, 2014).

Drilling Highlights include:

Zone Consolidation

Hole PLS14-187 (line 660E) (still in progress)

Hole PLS14-186 (line 765E)

Hole PLS14-184 (line 570E)

Sign up for the latest news and updates
X
   

Collar

* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)

Sandstone

Basement Unconformity

Total Drillhole

Hole ID

Zone

Grid Line

Az

Dip

From (m)

To (m)

Width (m)

CPS Peak Range

From - To (m)

Depth (m)

Depth (m)

PLS14-178

R780E

750E

210

-86.6

133.0

183.5

50.5

<300 - 8900

NA

54.7

500.0

         

188.5

193.0

4.5

<300 - 1000

     
         

208.5

209.0

0.5

420

     
         

223.0

224.0

1.0

420 - 450

     
         

241.0

250.5

9.5

<300 - 8400

     
         

255.5

259.0

3.5

<300 - 1200

     
         

261.5

262.5

1.0

310 - 420

     
         

266.0

274.5

8.5

<300 - 2200

     
         

283.0

284.5

1.5

360 - 1200

     
         

304.5

305.5

1.0

340 - 990

     
         

322.0

322.5

0.5

810

     
         

379.5

383.0

3.5

<300 - 480

     
         

390.5

391.0

0.5

360

     
         

393.5

401.0

7.5

<300 - 960

     
         

407.0

412.0

5.0

<300 - 1000

     
         

451.5

452.0

0.5

2900

     

PLS14-179

R780E

840E

281

-84.7

73.0

79.5

6.5

<300 - 570

NA

57.9

372.4

         

95.0

98.5

3.5

370 - 860

     
         

107.0

123.0

16.0

<300 - 8000

     
         

127.5

164.5

37.0

<300 - 7400

     
         

170.5

171.5

1.0

340 - 380

     
         

174.5

178.0

3.5

<300 - 1300

     
         

184.5

186.0

1.5

430 - >9999

     
         

193.5

195.0

1.5

410 - 1500

     
         

204.0

206.0

2.0

420 - 1400

     
         

211.5

212.5

1.0

960 - >9999

     
         

225.5

227.0

1.5

63- 3100

     
         

243.5

255.5

12.0

<300 - >9999

     
         

258.0

258.5

0.5

510

     
         

261.5

265.5

4.0

<300 - 1600

     
         

268.0

270.5

2.5

<300 - 380

     

PLS14-180

R780E

990E

138

-90

111.5

113.0

1.5

350 - 1200

NA

60.0

344.0

         

123.0

161.0

38.0

<300 - >9999

     
         

164.5

190.0

25.5

<300 - >9999

     
         

194.5

202.0

7.5

<300 - 960

     
         

230.0

231.0

1.0

3200 - 4100

     
         

242.5

244.5

2.0

330 - 510

     
         

248.0

248.5

0.5

890

     
         

257.5

258.0

0.5

880

     
         

277.0

280.5

3.5

<300 - 600

     
         

283.5

284.0

0.5

1300

     

PLS14-181

R780E

555E

325

-83

89.5

90.0

0.5

340

NA

55.7

317.0

         

114.0

114.5

0.5

320

     
         

117.0

165.5

48.5

<300 - >9999

     
         

169.0

177.5

8.5

<300 - 5700

     
         

203.0

207.0

4.0

<300 - 1000

     
         

243.0

243.5

0.5

400

     

PLS14-183

R780E

840E

355

-86.3

87.0

87.5

0.5

400

NA

56.0

341.0

         

95.5

104.0

8.5

<300 - 2500

     
         

109.0

138.5

29.5

<300 - 3400

     
         

145.5

162.5

17.0

<300 - 5000

     
         

166.5

167.5

1.0

450

     
         

170.0

190.0

20.0

<300 - >9999

     
         

193.0

204.0

11.0

<300 - >9999

     
         

207.5

209.5

2.0

<300 - 700

     
         

213.0

219.5

6.5

<300 - >9999

     
         

226.5

228.0

1.5

370 - 540

     
         

233.0

239.5

6.5

<300 - 1800

     
         

244.0

250.0

6.0

370 - 8100

     
         

262.5

263.5

1.0

340 - 3500

     

PLS14-184

R780E

570E

172

-90

54.5

57.5

3.0

<300 - 850

NA

52.0

332.0

         

93.5

95.5

2.0

<300 - >9999

     
         

110.5

125.0

14.5

<300 - >9999

     
         

128.0

129.5

1.5

1600 - 9700

     
         

136.0

138.5

2.5

440 - >9999

     
         

148.0

152.0

4.0

<300 - >9999

     
         

158.0

178.0

20.0

<300 - >9999

     
         

190.5

191.0

0.5

400

     
         

198.0

205.5

7.5

<300 - 1600