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


To: Andrew~ who wrote (6320)4/22/2014 6:43:20 PM
From: ayeyouRead Replies (1) | Respond to of 203329
 
Completely unfathomable how FCU could possibly be down today on those results. I have not bought in based on poor response to earlier great news and apparently the intuition served me well. It looks like it will take a buyout for shareholders to realize true value of FCU. Shameful,,,



To: Andrew~ who wrote (6320)4/24/2014 6:13:03 PM
From: Andrew~Read Replies (2) | Respond to of 203329
 
FCU-V
Fission Hits 24.05m Total Composite "Off-Scale" in 119.5m Total Composite Mineralization (Line 660E) Seven New Holes With "Off-Scale" Mineralization

KELOWNA, BRITISH COLUMBIA--(Marketwired - April 24, 2014) - FISSION URANIUM CORP. (TSX VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce results from twelve new holes at its PLS property in Saskatchewan's Athabasca Basin, Canada. Of particular note are holes PLS14-215 (line 660E) and PLS14-214 (line 645E). These holes returned 24.05m total composite "Off-scale" (>9999 cps) in 119.5m total composite mineralization and 23.0m total composite "Off-scale" (>9999 cps) in 153.5m total composite mineralization respectively. All twelve holes returned mineralization, with seven holes returning substantial intervals of "off-scale."

Drilling Highlights include:

Hole PLS14-215 (line 660E)

119.5m total composite mineralization (between 65.0m - 218.5m) including:24.05m total composite off-scale (>9999 cps) radioactivityHole PLS14-214 (line 645E)

153.5m total composite mineralization (between 58.5m - 239.5m) including:23.0m total composite off-scale (>9999 cps) radioactivityHole PLS14-209 (line 510E)

96.0m total composite mineralization (between 53.5m - 193.0m) including:14.21m total composite off-scale (>9999 cps) radioactivityHole PLS14-213 (line 810E)

74.0m total composite mineralization (between 117.0m - 272.0m) including:7.74m total composite off-scale (>9999 cps) radioactivityRoss McElroy, President, COO, and Chief Geologist for Fission, commented,

"Ten holes drilled in the R780E zone and ten hits. We are particularly pleased by the shallow depth, strength and width of mineralization encountered in many of the holes. In addition, a second mineralized hole in the new R1620E zone, makes this a promising new target that will require further follow-up. A remarkably strong set of drill results overall and another big step forward for PLS."
The twelve holes announced today represent the completion of the delineation drill program, which consisted of 82 drill holes: 1 hole testing the R00E zone, 1 hole in-between the R00E and R780E zone, 77 holes testing the R780E zone, 1 hole testing the R1155E zone and 2 holes into a new discovery, the R1620E zone.

Important milestones achieved by the Winter 2014 delineation drill program include:

Merging of R390E, R585E, R780E and R945E zones into a single zone referred to as R780EExpansion of R780E zone along strike to the east by 135m (from line 945E to line 1080E)Net increase of >135% in strike length of the R780E zone to 855m from the length defined in 2013Increase in north-south lateral width of the R780E zone up to 90m on line 780E (from ~40m on line 780E defined in 2013)Expansion of lateral north-south width of the R1155E zone to ~20m wideDiscovery of a new mineralized zone R1620E with 2 holes located 465m to the east of R1155E zone
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