Haywood Securities Comments on Fission Uranium (FCU-V) News
Fission Combines Additional Zones at PLS, Drilling “Best Off-Scale” Hole to Date
Highlights: Fission Uranium today announced that drilling from its current winter program successfully intersected the “best off-scale” hole to date at Patterson Lake South (PLS), southwestern Athabasca Basin. Hole PLS14-187 intersected 146.0 metres total composite mineralization from a downhole depth of 58.5 metres to 231.5 metres, including 53.47 total composite off-scale radioactivity (greater than 9999 counts per second).
The amount of composited “off-scale” radioactivity far exceeds hole PLS-129 (see Mining Flash February 19, 2014) which intersected 36.72 metres of off-scale composited material and later assayed at 10.5 metres grading 38.49% U3O8.
The winter program at PLS has now merged four high-grade zones (R390E, R585E, R780E and R945E) into one much larger zone (now referred to as R780E) that has a strike length of 780 metres (see Mining Flashes March 7, 2014 and March 10, 2014).
Results from an additional eight drill holes include hole PLS14-186, which intersected 85.5 metres composite mineralization from a downhole depth of 119.5 metres to 343.0 metres, including 6.50 metres total composite off-scale radioactivity and hole PLS14-184, which intersected 65.5 metres total composite mineralization from a downhole depth of 54.5 metres to 231 metres, including 5.89 metres total composite off-scale radioactivity.
Both holes continue to indicate the continuity of uranium mineralization at PLS, which now extends over a 1.78 kilometer east-west strike length in four separate zones. Uranium mineralization at PLS remains open along strike to the east and west.
|
