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

To: Goose94 who wrote (8345)8/6/2014 8:24:04 AM
From: Goose94Read Replies (2) | Respond to of 203397
 
Fission Uranium (FCU-V) Aug 5, '14 is pleased to announce results from twelve new angled drill holes of the summer drill program at its PLS property in Canada's Athabasca Basin. Of particular note, the drill hole results show further widening of the main PLS discovery to the north and south, east of line 780E. With PLS14-248 (line 825E) significantly expanding the high grade area approximately 40m to the south and PLS14-237 (line 870E) and PLS14-236 (line 960E) expanding the mineralized corridor approximately 50m the north, the potential of growth at PLS is highly prospective. All twelve holes returned wide mineralization, with seven holes returning substantial intervals of >10,000 cps radioactivity.

Of additional note is PLS14-248 (line 825E), an angled hole with a total of 106.2m composite mineralization, including 18.2m total composite "off-scale" (>10,000 cps) radioactivity within a 21.5m interval (146.5m - 168.0m). The hole has a total composite "off-scale" (>10,000 cps) of 21.1m.

Drilling Highlights Include:

Hole PLS14-248 (line 825E)

  • 106.2m total composite mineralization (between 108.0m - 264.0m) including:
  • 21.2m total composite mineralization of (>10,000 cps) radioactivity
    • Hole PLS14-243 (line 495E)

  • 77.0m total composite mineralization (between 82.0m - 240.0m) including:
  • 1.9m total composite mineralization of >10,000 cps radioactivity
    • Hole PLS14-240 (line 645E)

  • 77.0m total composite mineralization (between 81.5m - 230.0m) including:
  • 1.7m total composite mineralization of >10,000 cps radioactivity
    • Ross McElroy, President, COO, and Chief Geologist for Fission, commented,

    "Today's results confirm a widening to the north and south in the eastern half of the R780E zone - evidence of the continued strong growth and potential of PLS."
    As per news release July 28, 2014 Fission has replaced the GR-110 scintillometer, which measured a maximum of 9,999 cps (referred to as off-scale in all previous PLS drill programs) with the RS-121 scintillometer, which measures up to 65,535 cps for higher resolution readings of strongly anomalous radioactivity.

    Hole
    ID    		ZoneCollar* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)Sand-
    stone
    From -
    To
    (m)    		Base-
    ment
    Uncon-
    for-
    mity
    Depth
    (m)    		Total
    Drill-
    hole
    Depth
    (m)
    Grid LineAzDipFrom
    (m)    		To
    (m)    		Width
    (m)    		CPS
    Peak
    Range
    PLS14-231R780E420E367-68.769.071.02.0380 - 51055.8 - 56.856.8275.0
    76.092.016.0<300 - 9600
    116.5120.03.5320 - 800
    198.0199.01.0300 - 600
    PLS14-232R780E285E347-69133.0139.06.0<300 - 1900NA51.1345.0
    142.5155.012.5<300 - 14000
    162.5167.04.5<300 - 1900
    169.5177.07.5<300 - 8100
    192.0192.50.5360
    279.0281.02.0320 - 940
    PLS14-233R780E600E338-71165.0165.50.5420NA61.0343.0
    168.0168.50.5310
    209.0212.53.5<300 - 1600
    229.5232.02.5410 - 1200
    237.5238.00.5320
    PLS14-235R780E555E346-70.991.091.50.549058.4 - 58.858.8302.3
    105.0105.50.5380
    135.5136.00.5330
    158.5163.04.5390 - 890
    165.5166.51.0350 - 380
    187.0190.53.5<300 - 660
    210.0212.52.5<300 - 400
    222.0226.04.0<300 - 1500
    228.5229.00.5360
    260.0260.50.5310
    PLS14-236R780E960E342-66110.5112.52.0<300 - 460NA65.2407.0
    116.5129.012.5<300 - 4000
    139.5142.53.0340 - 1000
    170.5172.01.5350 - 490
    176.5184.07.5<300 - 1900
    188.5192.03.5<300 - 780
    199.0224.525.5<300 - 7700
    231.0237.56.5<300 - 5000
    246.0247.51.5360 - 40000
    262.0262.50.5320
    271.5288.016.5<300 - 11000
    290.5299.08.5<300 - 5400
    302.5310.58.0<300 - 1100
    323.0323.50.5640
    PLS14-237R780E870E340-6968.584.015.5<300 - 2400NA63.3377.0
    115.0124.09.0<300 - 3000
    142.5152.510.0<300 - 1000
    155.0156.01.0460 - 600
    165.5168.53.0<300 - 700
    179.0186.57.5<300 - 730
    189.0191.52.5<300 - 680
    231.0255.024.0<300 - 15000
    257.5268.511.0<300 - 6800
    272.0279.57.5<300 - 7500
    284.5288.03.5<300 - 520
    292.0292.50.5450
    295.5300.04.5<300 - 610
    305.0306.01.0320 - 460
    PLS14-238R780E825E340-69129.5147.518.0<300 - 3200NA59.2431.0
    150.5151.51.0500 - 820
    176.0177.01.0300 - 490
    180.0180.50.5310
    184.0197.513.5<300 - 2900
    200.0221.021.0<300 - 7400
    234.5236.52.0<300 - 700
    243.0245.02.0<300 - 3000
    250.5254.03.5<300 - 40000
    290.0290.50.5370
    299.5301.01.5330 - 500
    304.0307.03.0<300 - 470
    397.5398.00.5390
    PLS14-240R780E645E334-70.481.5126.545.0<300 - 3600058.0 - 58.758.7326.0
    142.0145.03.0<300 - 430
    150.0151.01.01900 - 3900
    157.0159.02.0460 - 33000
    164.5167.02.5<300 - 2700
    169.0172.03.0<300 - 5100
    178.5180.01.5<300 - 370
    183.0185.52.5<300 - 340
    204.0219.015.0<300 - 7400
    228.5230.01.5600 - 1000
    PLS14-242R780E870E342-6996.096.50.5370NA55.9395.0
    119.0119.50.5360
    125.0126.51.5320 - 400
    131.0134.53.5350 - 670
    143.0156.513.5<300 - 700
    161.5164.53.0<300 - 1200
    171.0171.50.5460
    181.0193.012.0<300 - 16000
    196.0196.50.5310
    200.5201.51.0320 - 330
    209.5212.53.0<300 - 5900
    215.5222.06.5<300 - 5200
    249.0252.53.5<300 - 2300
    261.0265.04.0<300 - 1200
    273.5275.01.5380 - 1000
    278.0278.50.5360
    302.0303.01.0310 - 500
    306.5307.00.5490
    310.0312.52.5<300 - 1200
    321.0322.01.0490 - 1400
    337.0337.50.5450
    342.0342.50.5350
    PLS14-243R780E495E332-6682.083.01.0330 - 35056.4 - 57.157.1356.0
    86.591.55.0<300 - 910
    94.597.53.0<300 - 1400
    101.5122.020.5<300 - 54000
    125.0135.010.0<300 - 27300
    137.5151.013.5<300 - 6900
    166.5178.512.0390 - 9200
    179.0190.011.0350 - 5600
    236.0236.50.5490
    239.5240.00.5600
    PLS14-244R780E660E336-71.762.062.50.533060.5 - 61.061.0275.0
    85.086.01.0380 - 480
    90.593.53.0440 - 4600
    99.0102.03.0<300 - 590
    131.5132.00.5310
    PLS14-248R780E825E332-70108.0177.569.5<300 - 62800NA59.4452.0
    183.0199.016.0<300 - 8300
    202.0206.54.5<300 - 1200
    209.8210.50.7540 - 27100
    220.5222.52.0320 - 4000
    230.0242.012.0<300 - 62300
    251.5252.00.5350
    263.5264.00.53900
    271.5272.00.5350
    Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held RS-121 Scintillometer manufactured by Radiation Solutions. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. The degree of radioactivity within the mineralized intervals is highly variable and associated with visible pitchblende mineralization. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.

    Samples from the drill core will be split in half sections on site. Where possible, samples will be standardized at 0.5m down-hole intervals. One-half of the split sample will be sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK for analysis which includes U3O8 (wt %) and fire assay for gold, while the other half will remain on site for reference. Analysis will include a 63 element ICP-OES, uranium by fluorimetry and boron.

    All depth measurements reported, including radioactivity and mineralization interval widths are down-hole, core interval measurements and true thickness are yet to be determined.

    PLS Mineralized Trend Summary

    Uranium mineralization at PLS has been traced by core drilling over 2.24km of east-west strike length in five separate mineralized "zones" from line 615W (PLS13-124) to line 1620E (PLS14-196). From west to east, these zones are; R600W, R00E, R780E, R1155E and R1620E. The former R390E, R585 and R945E zones have been merged into the R780E zone by successful winter drilling. Mineralization remains open along strike both to the western and eastern extents. Mineralization is both located within and associated with a metasedimentary lithologic corridor, bounded to the south by the PL-3B basement Electro-Magnetic (EM) Conductor.

    Updated maps and files can be found on the Company's website at fissionuranium.com

    Patterson Lake South Property

    The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development.

    The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol. President and COO for Fission Uranium Corp., a qualified person.

    About Fission Uranium Corp.

    Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."

    ON BEHALF OF THE BOARD
    "Ross McElroy"
    Ross McElroy, President and COO



    To: Goose94 who wrote (8345)8/6/2014 10:31:38 AM
    From: UPTICKRead Replies (1) | Respond to of 203397
     
    THX ..."One deposit you can't ignore"...I agree totally...and will be patient... Thx again.


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