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

To: Goose94 who wrote (11963)	3/4/2015 8:18:50 AM
From: Goose94	Read Replies (3) \| Respond to of 202843

Fission Uranium (FCU-T) wants to sell a minority interest in itself as its uranium discovery in Saskatchewan's Athabasca basin continues to expand. Fission says it drilled a spectacular hole at its Patterson Lake South (PLS) project. It returned more than nine metres of "off-scale" radioactivity in a long mineralized zone. This could be significant because the hole was drilled more than 500 metres west of the main discovery. If Fission can establish it is part of one large deposit, then the project could be far bigger than thought. Chief executive officer Dev Randhawa says: "If there's continuity, the number [of uranium resources] is ridiculous. We're getting toward McArthur River and Cigar Lake." Lukas Lundin says the new hole could be very significant. Dundee Capital Markets analyst David Talbot says it is "likely a game changer." A lot more drilling is needed to figure out precisely what Fission has discovered. Mr. Randhawa is keen to sell a 9.9-per-cent interest in the company. That would allow an interested buyer to gain a foothold, and it would give Fission about $50-million to continue working on the deposit.