Fission Uranium (FCU-V) drills 30 m of off-scale radioactivity
March 10, 2014 - NR
Fission Uranium Corp. has released results from four new holes at its PLS property in Saskatchewan's Athabasca basin. Of exceptional note is hole PLS14-164 (line 810). With 30.08m of total composite off-scale (greater than 9999 cps) mineralization in 136.0m total composite mineralization at shallow depth, the hole has returned the second strongest off-scale results recorded at PLS to date, placing it amongst the best holes drilled in the Athabasca Basin. The 100% mineralization hit rate continues at PLS. The results from hole PLS14-164 are exceeded only by hole PLS13-129 (line 600E) which intersected 36.72m total composite 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).
Holes PLS14-164 (line 810E), PLS14-165 (line 540E), PLS14-166 (line 960E) and PLS14-167 (line 360E) all intersected considerable mineralization. The location of hole PLS14-165 has narrowed the distance between zones R390E and R585E to approximately 60m. The location of hole PLS14-164 has widened R780E zone on line 810E by an additional 10m to approximately 40m lateral north-south width.
Drilling Highlights include:
Hole PLS14-164 (line 810E) -- 136.0m total composite mineralization (83.5m - 380.5m) including: -- 30.08m total composite off-scale (greater than 9999 cps) radioactivity
Hole PLS14-167 (line 360E) -- 69.0m total composite mineralization (56.0m - 197.5m) including: -- 2.1m total composite off-scale (greater than 9999 cps) radioactivity
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"We are maintaining our 100% hit rate and, with hole PLS14-164, we see yet another stunning example of the mineralization present at PLS. In fact, the amount of off-scale radioactivity is second only to the amount intersected by our top hole (PLS14-129). This has us very excited indeed because that hole went on to deliver assays that put it in the elite status of holes drilled in the Athabasca Basin."
R390E Zone (line 225E - line 480E):
The R390E zone is located approximately 135m grid east of the easternmost defined edge of the R00E zone. Presently defined by 38 holes, the R390E Zone has a strike length (grid east-west) of approximately 255m and a lateral width (grid north-south) of up to approximately 50m (line 390E).
R585E Zone (line 540E - line 615E):
The R585E zone is located approximately 60m grid east of the easternmost defined edge of the R390E zone. Presently defined by 11 holes, the R585E Zone has a strike length (grid east-west) of approximately 75m and a lateral width (grid north-south) of up to approximately 20m.
R780E Zone (line 720E - line 990E):
The R780E zone is located approximately 105m grid east of the easternmost defined edge of the R585E zone. Presently defined by 36 holes, the R780E Zone has a strike length (grid east-west) of approximately 270m and a lateral width (grid north-south) of up to approximately 95m (line 780E).
Fission has completed 40 holes of the planned Winter 2014 program. Approximately 85% of the holes are designed to assist in delineation of the main mineralized trend between lines 015E and 1080E utilizing 4 diamond drill rigs. A 5th diamond drill rig is being utilized to drill exploration holes outside of the main mineralized trend.
See table at www.fissionuranium.com |
