To: Goose94 who wrote (7229 ) 6/26/2014 7:57:30 AM From: Goose94 Read Replies (2) | Respond to Fission Uranium (FCU-V) June 26, '14 20,330-metre 63-hole summer drill program is scheduled to begin during the first week of July at its PLS property in Canada's Athabasca basin. Approximately 70 per cent (43 holes) of the drilling at the high-grade, shallow-depth uranium discovery will focus on further delineation, while 30 per cent (20 holes) will test high-priority targets identified through geophysics and radon gas in lake water surveys. The summer program is budgeted for $12-million and is part of the overall $28-million 2014 exploration budget as Fission targets a National Instrument 43-101-compliant resource estimate. It is expected that with the completion of drilling and the return of geochemical assays from the summer 2014 delineation drill program, Fission should be in a position to complete an initial mineral resource estimate for the R00E and R780E zones. Ross McElroy, president, chief operating officer and chief geologist for Fission, commented: "We aim to have a 43-101 resource estimate by the end of this year and will therefore use a substantial part of the program to further delineate the areas of known mineralization. However, PLS really is a remarkable property and, as proven by our recent geophysics and radon survey work, a large number of highly prospective targets exist. We will therefore be expanding our regional exploration with this program." 20,330 metres of drilling utilizing up to four diamond drill core rigs; 70 per cent of the drilling will be delineation style: 43 multiple close-spaced drill holes testing outward from the known locations of mineralization to establish the width and strike of the main R780E zone. Delineation drilling will be conducted using barges; 30 per cent of the drilling will be exploration style, testing high-priority electromagnetic conductors. These conductor targets will be prioritized based on ground geophysics interpretation and results of the radon survey (see news release April 28, 2014); The area remains highly prospective for several kilometres both in the immediate area of known mineralization and along strike in both the west-southwest and east-northeast directions.
