Fission Uranium (V.FCU) digs up more impressive high-grade mineralization at Athabasca's PLS

Stockhouse Editorial
1 Comment| July 2, 2014


Fission Uranium (TSX:V.FCU, Stock Forum) hit the ground running after Canada Day with its announcement of assay results from nine holes drilled in the R780E zone at its Patterson Lake South (PLS) property located in Saskatchewan's Athabasca Basin.

 

According to the news release, six holes came up with substantial high-grade assay results with all nine holes returning wide intervals of mineralization. The considerably significant assay results from these holes prove a continued strong nature of uranium mineralization as the R780E zone moves eastward.

 

Highlights from this latest string of drilling included 23.41% U308 over 7.0 metres and 12.35% over 13.5 metres at PLS14-186, 18.56% U308 over 5.50 metres at PLS14-180, and 8.35% over 4.0 metres at PLS14-170.

 

There are additional assay results to arrive from 39 holes drilled during the company's recent winter drill campaign at PLS.

 

Company president, COO and Chief Geologist, Ross McElroy, commented, “We continue to see the hallmarks of both width and strength at shallow depth from this well-mineralized region of the eastern side of the R780E. All in all, we are extremely pleased with assay results to date.”

 

Fission was in the news recently when the Kelowna British Columbia-based company announced the rig mobilization for a 63 hole drill program at PLS six days ago.

 

Currently there are 351.9m outstanding shares with a market cap of $404.7 million.

 

FULL DISCLOSURE: Fission Uranium is a Stockhouse Publishing client.



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quakes99
Another fantastic set of assays. And more to come! What a great story for Canada, Saskatchewan, and the Uranium exploration world.
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July 2, 2014
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