year-round road access, high grade and under 100 meters deep - Is this for real?!?!?!
KELOWNA, BRITISH COLUMBIA--(Marketwire - Feb. 7, 2013) - FISSION ENERGY CORP. ("Fission" or "the Company") (TSX VENTURE:FIS)(FSSIF), and its Joint Venture partner Alpha Minerals Inc. (TSX VENTURE:AMW) are pleased to announce the results of the first two holes of the Winter 2013 exploration program at the Patterson Lake South (PLS) property. Both holes were drilled at a 15m step-out to the west of hole PLS12-024 (12.5m @ 2.49% U3O8: see news release dated Nov. 12, 2012).
- PLS13-027 - 37.0m continuous mineralization; total intervals >9999 cps - 4.35m
- PLS13-026 - 21.0m continuous mineralization; total intervals >9999 cps - 0.75m
Hole PLS13-027: 37.0m wide interval of well-developed mineralization (60.5 - 97.5m) including intermittent intervals totaling 4.35m of radioactivity >9999cps. PLS13-027 was drilled 15m grid west of hole PLS12-024 and 10m grid south of PLS13-026.
Hole PLS13-026: 21.0m wide interval of strong mineralization (63.0 - 84.0m) including intermittent intervals totaling 0.75m of radioactivity >9999cps. PLS13-026 was drilled 15m grid west of PLS12-024.
As was the case with previous drill results from the fall 2012 program (holes PLS12-022, 023, 024 and 025), the mineralization occurs at shallow depth in basement rocks. The strongly radioactive intervals occur within a broader region of moderate radioactivity that extend above the Archean basement into the overlying sandstone and extends downward into the basement.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"We are clearly encouraged by these results from the first two step-out holes on the property this winter. PLS13-027 represents the broadest and most robust radioactivity we have found to date and is a fantastic start to the winter program."
Key Technical Details:
- A thin layer of sandstone (possibly Devonian age) is present immediately above the unconformity in both holes. Mineralization extends up into this horizon.
- Both holes are comprised of alternating pelite and graphitic pelite basement lithology with weak to strong clay and chlorite alteration. Narrow pegmatite intrusions are common throughout. Some strongly mineralized zones are characterized with intense hematite and chlorite alteration.