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Fission hits high grade uranium at R840W Zone

Monday, October 24, 2016 6:17
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Fission Uranium Corp (TSE:FCU) said on Monday final summer assay results confirm new high-grade mineralisation in Canada.

The find is at the R840W zone presently outside of the Triple R resource area and also at the R780E zone, beneath the Triple R deposit, at its PLS property in Canada’s Athabasca Basin region.

The assay results include hole PLS16-504 on zone R840W (line 915W) with 25.95% U3O8 over 4.0m in 10.03% U3O8 over 11.0m.

The wide, high-grade mineralisation encountered at the Western end of the 2.63km mineralised trend at PLS highlights the strong expansion potential, on land, towards the high-grade boulder field approximately 2.7km west of the R840W zone.

Assay Highlights Include:

  • R840W Zone (high-grade, shallow land-based zone recently merged with R600W zone)
  • PLS16-504 (line 915W) key intervals:
  • 11.0m @ 10.03% U3O8 (158.5m to 169.5m), including:
  • 4.0m @ 25.95% U3O8 (162.0m to 166.0m)
  • 10.50m @ 2.65% U3O8 (205.5m to 216.0m), including
  • 4.0m @ 6.62% U3O8 (211.0m to 215.0m)
  • PLS16-512 (line 765W) key interval:
  • 54.0m @ 1.39% U3O8 (108.5m to 162.5m), including:
  • 9.0m @ 6.65% U3O8 (141.0m to 150.0m)

“During summer drilling we successfully merged this zone with R600W – our other high-grade, land zone – and discovered an area of strong interest even further west. With such strong, wide grades, the zone and the unexplored areas west are going to be a clear focus for us during further exploration,” said Ross McElroy, President, COO, and Chief Geologist for Fission.

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