Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Goose94 who wrote (8576)	8/17/2014 1:39:28 AM
From: ayeyou	Respond to of 203442

I believe those are the most intelligently authored posts I have ever seen on Stockhouse. Who knew that the odd guy with a brain still posts over there. If a guy was smart he would just put 80% of his portfolio into FCU and wait for the payout. Kind of a waste of time chasing all these drill plays for a few cents anyway. I have slowly taken my drill play money off the table and taken large positions into small cap growth plays. Still have some cash on drillers but less then half of what I did 6 months ago. FCU will ignite one day and I think it may be the PEA that does it. Been on the fence too long with FCU and I hope I dont get caught with my pants down when it doubles on the PEA and triples with first offer for PLS.

To: Goose94 who wrote (8576)

8/18/2014 8:28:09 AM

From: Goose94

Read Replies (3) | Respond to of 203442

Fission Uranium (FCU-V) Aug 18, '14 is pleased to announce results from nine new angled drill holes of the summer drill program at its PLS property in Canada's Athabasca Basin. Of particular note is PLS14-259 (line 840E), with a total of 98.5m composite mineralization, including 11.0m total composite "off-scale" (>10,000 cps) radioactivity. All nine holes returned wide mineralization, with six returning substantial intervals of >10,000 cps radioactivity. Step-out drilling on the R780E zone has now widened to the north and south: PLS14-259 has expanded the high grade area approximately 15m to the south on line 840E and PLS14-256 expanding the high-grade area approximately 30m to the north on line 525E. Summer Program to Increase by 10 Holes: The success in expanding the R780E zone laterally north and south has justified an increase of 4,700m to 25,000m. This will allow an additional 10 holes to test for further lateral and strike expansion.

Drilling Highlights Include:

Hole PLS14-259 (line 840E)

98.5m total composite mineralization over a 154.0m section (between 111.5m - 266.0m) including:

11.0m total composite mineralization of (>10,000 cps) radioactivity

Hole PLS14-256 (line 525E)

104.5m total composite mineralization over a 160.0m section (between 60.0m - 220.0m) including:

8.05m total composite mineralization of >10,000 cps radioactivity

Hole PLS14-247 (line 525E)

108.0m total composite mineralization over a 226.0m section (between 62.5m - 288.5m) including:

6.62m total composite mineralization of >10,000 cps radioactivity

Ross McElroy, President, COO, and Chief Geologist for Fission, commented,

"We continue to see remarkable results from PLS, with strongly mineralized angled drill holes widening zone R780E laterally both to the north and south. The program has been so successful that we will be drilling an additional ten holes to test for further north/south widening of the R780E zone. The summer program will therefore include a total of 25,000m in 73 drill holes."

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	Zone	Collar			* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)				Sand- stone From - To (m)	Base- ment Uncon- formity Depth (m)	Total Drill- hole Depth (m)
Hole ID	Zone	Grid Line	Az	Dip	From (m)	To (m)	Width (m)	CPS Peak Range	Sand- stone From - To (m)	Base- ment Uncon- formity Depth (m)	Total Drill- hole Depth (m)
PLS14-246	R780E	690E	333	-71.0	60.1	71.5	11.4	<300 - 11000	NA	60.2	316.0
					95.5	104.5	9.0	<300 - 8900
					107.5	114.0	6.5	<300 - 8900
					130.0	130.5	0.5	800
					137.5	145.0	7.5	<300 - 1900
					147.5	154.0	6.5	360 - 6000
					160.0	169.0	9.0	<300 - 1400
PLS14-247	R780E	525E	336	-70	62.5	63.0	0.5	340	57.1 - 58.6	58.6	374.0
					93.5	107.5	14.0	<300 - 23000
					110.5	141.5	31.0	<300 - 61000
					144.5	146.5	2.0	420 - 2700
					157.0	164.5	7.5	300 - 2100
					177.0	220.5	43.5	<300 - 14000
					228.0	232.0	4.0	<300 - 750
					250.5	251.0	0.5	340
					278.5	283.0	4.5	<300 - 710
					288.0	288.5	0.5	350
PLS14-250	R780E	330E	335	-69	57.2	59.0	1.8	300 - 410	NA	57.2	294.0
					156.0	157.0	1.0	400 - 630
					165.5	167.5	2.0	310 - 700
PLS14-253	R780E	735E	334	-72.3	117.5	160.0	42.5	<300 - 44800	NA	59	338.0
					163.5	174.0	10.5	<300 - 29900
					178.5	181.0	2.5	340 - 11000
					187.5	192.0	4.5	<300 - 22100
PLS14-254	R780E	870E	340	-69	97.0	97.5	0.5	640	NA	64.3	407.0
					125.5	137.5	12.0	<300 - 1200
					145.0	146.0	1.0	340 - 450
					150.0	153.0	3.0	410 - 1400
					159.5	163.0	3.5	400 - 800
					165.5	182.0	16.5	<300 - 15700
					206.5	210.0	3.5	<300 - 3000
					225.0	233.0	8.0	<300 - 2800
					255.0	255.5	0.5	360
					287.0	289.5	2.5	<300 - 400
					301.5	303.0	1.5	310 - 1400
PLS14-256	R780E	525E	340	-70	60.0	119.0	59.0	<300 - 46200	56.0 - 57.8	57.8	338.0
					123.0	140.5	17.5	<300 - 9400
					145.0	146.0	1.0	300 - 380
					170.0	183.0	13.0	<300 - 27700
					187.5	195.0	7.5	<300 - 760
					198.5	199.5	1.0	320 - 380
					202.5	205.5	3.0	370 - 1400
					215.0	215.5	0.5	1200
					218.0	220.0	2.0	340 - 4700
					262.5	263.0	0.5	420
PLS14-257	R780E	960E	332	-68	104.5	105.0	0.5	490	NA	60.0	476.0
					112.5	113.5	1.0	340 - 390
					158.5	167.0	8.5	<300 - 1100
					170.0	174.0	4.0	<300 - 570
					182.0	198.5	16.5	<300 - 2800
					204.5	206.5	2.0	<300 - 370
					215.5	219.0	3.5	<300 - 460
					228.0	232.5	4.5	<300 - 1000
					237.0	240.5	3.5	<300 - 4200
					247.0	253.5	6.5	<300 - 37000
					256.0	261.5	5.5	410 - 56000
					269.5	272.5	3.0	480 - 6100
					275.5	276.0	0.5	4300 - 14000
					280.0	280.5	0.5	830
					295.5	297.5	2.0	510 - 13000
					301.5	307.0	5.5	<300 - 9600
					321.5	322.0	0.5	2200
					339.5	355.5	16.0	<300 - 1400
					359.5	365.0	5.5	<300 - 810
					368.0	372.0	4.0	320 - 900
					375.5	376.0	0.5	330
					452.5	453.0	0.5	400
PLS14-259	R780E	840E	332	-69	111.5	116.0	4.5	310 - 930	NA	62.7	431.9
					119.0	190.0	71.0	<300 - 62800
					194.0	194.5	0.5	1900
					201.5	220.0	18.5	<300 - 54300
					236.5	237.0	0.5	1900
					262.5	266.0	3.5	680 - 7500
					343.5	344.5	1.0	400 - 460
					382.0	382.5	0.5	430
PLS14-261	R780E	495E	337	-70	58.0	133.0	75.0	<300 - 34200	56.4 - 58.0	58.0	302.0
					137.5	145.0	7.5	<300 - 1000
					158.5	170.5	12.0	<300 - 7900
					176.0	179.5	3.5	<300 - 580
					266.0	266.5	0.5	430

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, President and COO