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Strategies & Market Trends : Dino's Bar & Grill

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To: Andrew~ who wrote (1857)	7/18/2013 10:12:06 PM
From: 22jt	Read Replies (2) of 203330

FCU/AMW Source: Cantor Fitzgerald Fission Uranium \| FCU-TSXV $0.86 \| Market Cap $132M Alpha Minerals \| AMW-TSXV $4.77 \| Market Cap $109M Here we go again – First hole of Summer program hits 85.5m with 19m of off-scale radioactivity Event: Fission Uranium and Alpha Minerals have announced partial results from the first hole drilled for the 2013 summer drilling program at Patterson Lake South. Bottom line: Positive. The joint venture is picking up right where they left off with the first hole already intersecting a long interval with a significant portion of it exhibiting off-scale radioactivity. Hole PLS13-072 has thus far returned 85.5m, beginning 62m below surface, of variably radioactive mineralization that includes a total of 18.93m of off-scale radioactivity (>9999 counts per second or “cps”). The off-scale portions of the drill hole are characterized by intervals of 0.1m to 4.6m wide each. The hole is still being drilled and is currently at a depth of 185.1m. As a rule of thumb, scintillometer readings of 5000 cps roughly equates to 1% U3O8. The scale is not linear and the relationship past 5000 cps is generally parabolic. The global median U3O8 grade is 0.08%. The hole is testing the western extension of the R390E zone and is located 15m grid west of PLS13-061, which was previously the western-most hole for the zone. That hole reported 63m of 0.66% U3O8 and 849.88 g/t Au from the winter drilling campaign. We now estimate that the R390E zone has a length of 80m, which is up from 65m. Holding all things constant and increasing the R390E zone length by 15m leads to our back of the envelope resource estimate for Patterson Lake South now standing at 30.4M lbs - 11.9M lbs for the R00E zone and 18.5M lbs for the R390E zone at an average grade of U3O8 at 1.56%.

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