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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (5690)3/10/2014 6:54:37 PM
From: Goose94Read Replies (1) of 203026
 



Dundee Securities on Fission Uranium (FCU-V) announced scintillometer results from the latest four drill holes at its 100%-owned PLS project. Of particular note is hole PLS-14-164 which could now be the second best hole from the project, potentially ranking it among the best in the Athabasca (pending assays). It intersected 30.08m of total off-scale within 136m mineralization. According to Fission this hole is only exceeded by Athabasca leading hole -129 which hit 36.7m off-scale and 111m mineralization, and assayed for 9.93% over 101m, and likely surpasses hole -75 (9.08% over 54.5m) on a GT basis. Almost as important is to consider the location of these three holes. Hole -75 was drilled on L330E, hole -129 was from L600E and now -164 was located on L810E. These holes are located 480m apart with high grade uranium intercepts between them. Our confidence further rises that they represent a single basement uranium deposit.

Basement deposits tend to occur in clusters as demonstrated through Eagle Point mine, Roughrider, Shea Creek and others. Therein lays the added potential to find further mineralization either along strike or along other parallel conductors. FCU has plans to drill elsewhere at PLS this winter.

The hits keep coming:

1) All holes are hitting uranium (100% success rate during winter drilling);

2) Widths and grades appear to be increasing (around R780E and elsewhere);

3) Gaps are disappearing between zones;



4) We believe our resource estimate to be conservative - and only track actual assays - so it lags scintillomter results from drilling.
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