Fission Hits Continuous 102.5m @ 5.98% U3O8; Widest High-Grade Interval to Date at PLS
Apr 22, 2014
Fission Hits Continuous 102.5m @ 5.98% U3O8; Widest High-Grade Interval to Date at PLS
KELOWNA, BRITISH COLUMBIA--(Marketwired - April 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
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PLS14-187 (Line 660E) |
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102.5m (63.0m to 165.5m) @ 5.98% U3O8, including: |
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3.0m (68.0m to 71.0) @ 27.20% U3O8, and |
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10.5m (78.0m to 88.5m) @ 12.93% U3O8, and |
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6.0m (108.5m to 114.5m) @ 14.12% U3O8, and |
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2.5m (143.5m to 146.0m) @ 16.92% U3O8, and |
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4.5m (152.5m to 157.0m) @ 16.14% U3O8 |
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15.0m (216.5m to 231.5m) @ 1.63% U3O8, including |
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9.0m (218.5m to 227.5m) @ 2.59% U3O8 |
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PLS14-146 (Line 915E) |
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47.0m (132.0m to 179.0m) @ 2.18% U3O8, including: |
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3.0m (163.0m to 166.0m) @ 4.30% U3O8, and: |
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2.0m (171.5m to 173.5m) @ 14.27% U3O8 |
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PLS14-145 (Line 825E) |
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22.5m (132.0m to 154.5m) @ 0.97% U3O8, including: |
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7.5m (144.0m to 151.5m) @ 2.24% U3O8 |
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Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
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"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 |
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113.00 |
116.00 |
3.00 |
0.17 |
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123.00 |
128.00 |
5.00 |
0.21 |
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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 |
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173.50 |
178.00 |
4.50 |
2.88 |
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PLS14-139 |
585E |
66.00 |
67.50 |
1.50 |
0.05 |
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119.50 |
126.50 |
7.00 |
0.15 |
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130.00 |
160.00 |
30.00 |
0.15 |
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199.00 |
207.50 |
8.50 |
0.28 |
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PLS14-140 |
780E |
191.00 |
198.00 |
7.00 |
0.16 |
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202.00 |
207.50 |
5.50 |
0.07 |
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217.50 |
218.00 |
0.50 |
0.05 |
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225.50 |
245.00 |
19.50 |
0.10 |
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250.50 |
251.00 |
0.50 |
0.36 |
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254.50 |
262.00 |
7.50 |
0.28 |
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264.50 |
271.00 |
6.50 |
0.09 |
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302.00 |
304.50 |
2.50 |
0.15 |
|||
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374.50 |
375.00 |
0.50 |
0.06 |
|||
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377.50 |
378.00 |
0.50 |
0.09 |
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408.00 |
415.00 |
7.00 |
0.18 |
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PLS14-142 |
480E |
87.50 |
90.00 |
2.50 |
0.06 |
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130.50 |
141.00 |
10.50 |
0.08 |
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143.50 |
150.00 |
6.50 |
0.05 |
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154.50 |
177.50 |
23.00 |
0.09 |
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181.00 |
181.50 |
0.50 |
0.06 |
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218.00 |
218.50 |
0.50 |
0.06 |
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306.50 |
307.00 |
0.50 |
0.06 |
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PLS14-145 |
825E |
78.00 |
79.50 |
1.50 |
0.08 |
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89.50 |
117.00 |
27.50 |
0.13 |
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120.00 |
120.50 |
0.50 |
0.10 |
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122.50 |
124.00 |
1.50 |
0.05 |
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126.50 |
128.00 |
1.50 |
0.09 |
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132.00 |
154.50 |
22.50 |
0.97 |
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144.00 |
151.50 |
7.50 |
2.24 |
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159.00 |
160.00 |
1.00 |
0.28 |
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171.00 |
172.50 |
1.50 |
0.36 |
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175.00 |
176.00 |
1.00 |
0.07 |
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178.50 |
181.00 |
2.50 |
1.34 |
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183.50 |
184.00 |
0.50 |
0.15 |
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188.50 |
189.00 |
0.50 |
0.10 |
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192.50 |
193.00 |
0.50 |
0.14 |
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199.00 |
199.50 |
0.50 |
0.13 |
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203.50 |
211.00 |
7.50 |
0.40 |
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213.50 |
214.50 |
1.00 |
0.05 |
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218.00 |
226.00 |
8.00 |
0.22 |
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279.00 |
279.50 |
0.50 |
0.17 |
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283.00 |
284.50 |
1.50 |
0.37 |
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291.50 |
294.50 |
3.00 |
0.04 |
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316.00 |
317.50 |
1.50 |
0.12 |
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320.50 |
321.00 |
0.50 |
0.16 |
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330.00 |
330.50 |
0.50 |
0.07 |
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|
347.50 |
348.00 |
0.50 |
0.08 |
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PLS14-146 |
915E |
125.00 |
129.00 |
4.00 |
0.07 |
|
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132.00 |
179.00 |
47.00 |
2.18 |
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|
163.00 |
166.00 |
3.00 |
4.30 |
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|
171.50 |
173.50 |
2.00 |
14.27 |
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|
181.50 |
184.50 |
3.00 |
1.17 |
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|
202.50 |
203.00 |
0.50 |
0.07 |
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|
212.00 |
213.50 |
1.50 |
0.09 |
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|
216.50 |
217.50 |
1.00 |
0.49 |
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222.50 |
225.00 |
2.50 |
0.46 |
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|
237.00 |
241.00 |
4.00 |
1.04 |
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239.00 |
240.00 |
1.00 |
3.64 |
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254.00 |
256.00 |
2.00 |
3.19 |
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|
259.50 |
264.00 |
4.50 |
0.11 |
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|
272.00 |
273.50 |
1.50 |
0.15 |
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|
363.00 |
369.00 |
6.00 |
0.16 |
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PLS14-147 |
615E |
112.00 |
112.50 |
0.50 |
0.10 |
|
|
115.00 |
143.50 |
28.50 |
0.15 |
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|
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 |
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|
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 |
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|
222.50 |
225.50 |
3.00 |
0.11 |
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|
PLS14-187 |
660E |
58.50 |
60.50 |
2.00 |
0.06 |
|
|
63.00 |
165.50 |
102.50 |
5.98 |
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|
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 |