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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (2477)	8/29/2013 6:11:39 PM
From: Goose94	Respond to of 202740

(FCU-V) Repeating success? Proprietary technology discovers two significant regions at North Shore Source: Rob Chang, Cantor Fitzgerald EVENT: Fission Uranium (FCU-V) announced that it has discovered, “two significant and strongly radioactive uranium source anomalous regions”, on its 100%-owned North Shore property in located on the northwestern portion of the Athabasca Basin, Alberta. BOTTOM Line: Moderately Positive – We recall seeing a similar press release in November, 2012 that turned into the now potentially world class Patterson Lake South Project. While it is much too early to assign that type of potential to the North Bay project, we make note of it because it was discovered using the same proprietary technology that discovered PLS. • The two anomalies were discovered using Fission Uranium and Special Project Inc’s (“SPI”) high resolution magnetic and radiometric airborne survey technology (patent pending), which is the same technology used to discover the high-grade uranium boulder field that led to the discovery of the Patterson Lake South uranium project. • SPI performed a 12,257 line km high resolution airborne magnetic and radiometric survey at 50m line spacing over the entire North Shore project using a fixed wing aircraft. • The north and south anomalies are located on the south-central part of the project area near the southern boundary. • The Northern anomalous region occurs within a 1.5km x 0.5km area and contains several parallel trends up to 300m. • The Southern anomaly is located approximately 7km to the SW of the northern anomaly and is characterized by being narrow (1 to 10m wide) and can be traced for up to 3km. • Past exploration activity at the North Shore project included a high resolution magnetic and electromagnetic survey and a seven hole drill program totaling 1,260m that was completed during the 2007-2008 winter season. • The program identified a significant hydrothermal system associated with a major northeast trending structure. Strong alteration and radioactivity were intersected along this structure at downhole depths of up to 185m, with widths ranging from less than one meter to 8.5m. The basement hosted altered zones contained highly anomalous concentrations of geochemical pathfinders, and included uranium values ranging as high as 70.5 ppm U. • The nearest notable uranium project to the North Shore is the Maurice Bay project that reportedly hosts 1.3M lbs U3O8 at an average grade of 0.6% owned by Cameco (CCO-T)