Fission hits 6,1 m mineralization outside the measurable scale range in 134 m compound mineralization (780E line)
Strong and powerful mineralization; 100% drill success on PLS
FISSION URANIUM CORP. (“Fission” or “the Company”) is pleased to announce the results of the final seven holes of the winter drill program on the Patterson Lake South (PLS) property in Canada's Athabasca Basin. All seven holes returned strong and broad intervals of mineralization. Of particular note is hole PLS14-132 (line 780E) with 6,1 meters of composite mineralization out of range within 134 meters of composite mineralization.
Highlights of the holes:
• PLS14-132 (line 780E)
o 134,0 m total compound mineralization in an 191,5 m range (71,5 m - 263,0 m) including:
6,1 m compound mineralization out of scale (greater than 9999 cps) of radioactivity
• PLS14-131 (line 780E)
o 125,5 m total compound mineralization in an 275,0 m range (145,0 m - 420,0 m) including:
1,90 m compound mineralization out of scale range (greater than 9999 cps) of radioactivity
• PLS14-136 (line 585E)
o 49.5 m total compound mineralization in an 198,0 m range (86,5 m - 284,5 m) including:
2,26 m compound mineralization out of scale range (greater than 9999 cps) of radioactivity
In addition to the powerful mineralization sections, six of the seven holes have compound mineralization out of scale. Together, the holes have doubled the transverse width (North-South) from 10 m to approximately 20 m on the lines of zones R390E (line 465E), R585E (line 600E) and R945E (line 960E). In addition, the thickness of the R780E zone has increased to about 70 m north-south on 780E and about 30 m on 810E line.
Ross McElroy, President, COO and Chief Geologist of Fission said:
"We are very pleased with the strong and powerful mineralization of PLS's last holes. Equally promising is the growing width of the outlined mineralization and the continuing hit rate of 100% of the drill program. "
Visiting video PLS, January 2014: http://bit.ly/1fV7Xi8
Hole overview:
To view the full press release please follow the link:
http://www.irw-press.com/dokumente/Fission_100214_Deutsch.pdf
Line 315E:
• Hole PLS14-133 was taken as a vertical hole and drilled to a depth of 401,0 m. The drill collar is approximately 10 m in the grid south of PLS13-083. The bedrock was encountered at 50,4 m. A quartz gneiss occurs on 50,4 m to 105,6 m. From 105,6 m to 364,3 m in lithology, a pelitic gneiss (iron-granitic and sulphidic) dominates with multiple stretches of non-uniformly distributed mylonite (from 1,7 m to 6,1 m thickness). A diabasic vein occurs from 364,3 m to 379,1 m. From 379,1 m to 401,0 m (EOH), semi-pelitic gneiss dominates. Abnormal radioactivity occurs from 63,0 m within the quartz gneiss. Overall composite mineralization with 77,0 m occurs within a section of 255,0 m (63,0 m to 318,0 m) in fifteen variable radioactive mineralized stretches with widths from 0,5 m to 22,0 m separated by non-mineralized stretches with powers from 2,5 m to 41,5 m. Overall composite mineralization with 0,92 m beyond measurable radioactivity occurs in three separate sections, with widths ranging from 0,16 m to 0,59 m.
Line 345E:
• Hole PLS14-130 was taken as a vertical hole and drilled to a depth of 317,0m. The drill collar is approximately 10 m in the grid south of PLS13-072. A narrow 0,4 m Devon sandstone layer was found at 49,9 m depth. The bedrock was encountered on 50,3 m. A quartz gneiss occurs on 50,3 m to 71,3 m. From 229,5 m to 364,3 m in lithology, a pelitic gneiss (graphitic and sulphidic) dominates with multiple stretches of mlinite not uniformly distributed (from 154,9 m to 156,7 m). From 229,5 m to 317,0 m (EOH), semi-pelitic gneiss dominates. Abnormal radioactivity occurs from 67,0m within the quartz gneiss. Overall composite mineralization with 72,5m occurs within a section from 130,5 m (67,0 m to 197,5 m) in nine variable radioactive mineralized stretches with widths from 2,0m to 31,5m separated by non-mineralized stretches with widths from 2,5 m to 18,5 m. Overall composite mineralization with 1,04 m beyond measurable radioactivity occurs in three separate sections, with widths ranging from 0,12 m to 0,60 m.
Line 465E:
• Hole PLS14-134 was drawn as a vertical hole and drilled to a depth of 320,0 m. The drill collar is located approximately 10 m in the grid south of PLS13-104. A narrow 0,6 m Devonian sandstone layer was found 52,8 m deep. The bedrock was encountered at 53,4m. A pelitic gneiss occurs at a depth of 53,4 m to 104,0 m, followed by a relatively narrow quartz gneiss at a depth of 104,3 m to 116,8 m. From 116,8 m to 237,2 m, a pelitic gneiss dominates in lithology. Semi-pelitic gneiss dominates from 237,2 m to 320,0 m (EOH), penetrated by a 27,1 m thick diabase rock dike from 270,2 m to 297,3 m. Abnormal radioactivity occurs from the bedrock at a depth of 54,5 m, simultaneously with pelitic gneiss. Total composite mineralization of 38,0 meters of mineralization occurs within a 133,0 meter interval (54,5 meters to 187,5 meters) with four variable radioactive mineralized intervals ranging from 0,5 meters to 19,5 meters apart from none mineralized intercepts ranging in width from 2,5m to 88,0m.
Line 600E:
• Hole PLS14-136 was taken as a vertical hole and drilled to a depth of 317,0 m. The drill collar is approximately 10 m in the grid south of PLS14-129. A narrow 0,8 m Devon sandstone layer was encountered on 54,2 m. The bedrock was encountered on 55,0 m. A quartz gneiss is present from 55,0 m to 63,2 m. From 63,2 m to 130,3 m a semi-pelitic gneiss dominates.
From 130,3m to 287,9m is in the bedrock a pelitic gneiss dominant with isolated narrow quartz gneiss sections. A graphitic section occurs from 231,6m to 269,3m, followed by an undifferentiated mylonite from 269,3m to 278,0m. From 287,9m to 317,0m (EOH) (EOH), semi-pelitic gneiss dominates. Abnormal radioactivity occurs from 86,5 m. Overall composite mineralization with 49,5 m occurs within a section of 198,0 m (86,5 m to 284,5 m) in nine variable radioactive mineralized stretches with widths from 0,5 m to 41,0 m separated by non-mineralized stretches with widths from 4,0 m to 62,5 m. Overall composite mineralization with 2,26 m beyond measurable radioactivity occurs in several distinct sections, with widths ranging from 0,1 m to 0,6 m.
Line 780E:
• Hole PLS14-131 was taken as a vertical hole and drilled to a depth of 494,0 m. The drill collar is approximately 10 m in the grid south of PLS14-126. The bedrock was encountered on 55,5 m. From 55,5 m to 366,0 m, bedrock lithology includes sections of pelitic gneiss, semipelitic gneiss and quartz gneiss. From 366,0 m to 489,7 m, lithology predominantly consists of pelitic gneiss. Isolated undifferentiated mylonite sections with widths from 4,4 to 5,0 m are between 366,0 m and 463,3 m. From 489,7 m to 494,0 m (EOH), semi-pelitic gneiss dominates. Abnormal radioactivity occurs from 145,0 m. Overall composite mineralization with 125,5 m occurs within a section of 275,0 m (145,0 m to 420,0 m) in twenty variable radioactive mineralized sections with widths from 0,5 m to 65,5 m separated by non-mineralized sections with widths from 2,5 m to 25,0 m. Overall composite mineralization with 1,90 m beyond measurable radioactivity occurs in several distinct sections, with widths ranging from 0,1m to 0,3m.
Line 810E:
• Hole PLS14-132 was taken as a vertical hole and drilled to a depth of 437,0m. The drill collar is approximately 10m in the grid south of PLS13-101. The bedrock was encountered on 55,5 m. From 55,5 m to 236,0 m, bedrock lithology includes sections of pelitic gneiss, and quartz gneiss. From 236,0 m to 279,7 m, lithology predominantly consists of pelitic gneiss with isolated mylonite stretches with thicknesses of 2,0 m. From 279.7 m to 437.0 m (EOH) a semipelitic gneiss dominates. Two intrusions of a diabasic eruption occur. (397,0 m to 410,6 m and 435,8 m to 437,0 m respectively). Anomalous radioactivity occurs from 71,5 m. A compound mineralization with 134,0 m occurs within a section of 191,5 m (71,5m to 263,0 m) in nine variable mineralized stretches with widths from 1,5 m to 48,0 m separated by non-mineralized stretches of thickness from 2,5 m to 23,5 m. Composite mineralization with 6,10 m and out-of-range values occurs in a number of discretely distributed sections ranging from 0,1 m to 0,7 m.
Line 960E:
• Hole PLS14-135 was taken as a vertical hole and drilled to a depth of 386,0m. The drill collar is approximately 10m in the grid south of PLS13-099. The bedrock was encountered on 58,5m. A quartz gneiss was encountered from 58,5 m to 194,5 m. From 194,5 m to 310,2 m, basement lithithology consists of alternating sections of pelitic gneiss and semipelitic gneiss. From 310,2 m to 386,0 m (EOH), a semipelitic gneiss dominates. Abnormal radioactivity occurs from 104,5 m. A compound mineralization with 81,5 m occurs within a section with 248,0 m (104,5 m to 352,5 m) in 22 variable-sized sections with widths from 0,5 m to 39,0 m, separated by non-mineralized sections with widths from 2,5 m to 27,0 m. Radioactivity outside the measurement range with 0,2 m was found in a discrete section on 189,3 m.
An 12 million drill program involving 30.000 m and 90 holes is underway, including geophysics on PLS. Updated maps can be viewed on the company website at:
http://www.fissionuranium.com/projects/patterson-lake-south-sk/.
This news release reports natural gamma radiation measured in counts per second (cps) using a hand-held Exploranium GR-110G that measures all gamma radiation in scintillometers. The reader is cautioned that the measurements taken with a scintillometer do not directly or automatically indicate uranium grading in rocks measured in rock samples. They should only be considered as a first approximation of existing radioactive material. The level of radioactivity within the mineralized intervals is very variable and is related to visible uranium pitchblende mineralization. All sections go downhole, are measured in the core and the real power still has to be determined.
All holes should be examined radiometrically using a Mount Sopris 2GHF-1000 Triple Gamma Probe. This allows for much more accurate measurements of the high grade mineralized zones. The Triple Gamma Probe is primarily used in zones of high grade mineralization.
Split drill core samples from the mineralized core section are continuously withdrawn through the mineralized intervals and submitted to SRC Geoanalytical Laboratories (a SCC ISO / IEC 17025: 2005 certified facility) in Saskatoon for analysis, which includes U3O8 (wt%) and fire samples on gold. All samples submitted for analysis are subject to an 63 element-based ICP-OES (Inductively Coupled Plasma-Optical Emission Spectroscopy), uranium with fluorimetry and boron. The analysis results will be published as they arrive.
About Fission Uranium Corp.
Fission Uranium Corp. is a Canadian resource exploration company specializing in the strategic acquisition, exploration and development of uranium deposits, based in Kelowna, British Columbia. The common stock is listed on the TSX Venture Exchange under the symbol "FCU". In addition, the shares are traded on the OTCQX in the US under the symbol "FCUUF".
Patterson Lake South terrain
The 31.039 Ha large PLS project is to 100% owned by the Fission Uranium Corp. Fission is the operator. PLS is accessible by road and has year-round main access from Highway 955, which runs north of the former Cluff Lake Mine and runs through the nearby UEX-Areva Shea Creek discovery approximately 50 Km North which is currently undergoing active exploration and development. Updated maps and scintillator tables for the R390 Zone can be found on the corporate website:
http://www.fissionuranium.com/projects/pls/overview/news/.
The technical information in this news release has been prepared in accordance with Canadian National Instrument 43-101 rules and has been prepared on behalf of the Company by Ross McElroy, P.Geol. President and COO of Fission Uranium Corp. checked. He is a Qualified Person.
About Fission:
Fission Uranium Corp. is a Canadian resource exploration company specializing in the strategic acquisition, exploration and development of uranium deposits, based in Kelowna, British Columbia. The common stock is listed on the TSX Venture Exchange under the symbol "FCU". In addition, the shares are traded on the OTCQX in the US under the symbol "FCUUF".
On behalf of the Board
Ross McElroy, President and COO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Fission Uranium Corp.
Rich Matthews
Investor Relations
TF: 877-868-8140
ppgad@pucrs.br
www.fissionuranium.com
and for the German-speaking area:
Swiss Resource Capital AG
Jochen Staiger
ppgad@pucrs.br
www.resource-capital.ch
Risk Warning: Certain information in this press release contains "forward-looking information" in accordance with Canadian law. Generally speaking, these forward-looking statements can be identified by terms such as “planned”, “expected” or “not expected”, “is expected”, “budget”, “planned”, “estimated”, “forecast”, “intended” , "Assumed" or ". Not expected", or "believed", or variations of these words and phrases. Certain actions or events such as “may”, “could”, “would”, “maybe” or “possibly”, “occur”, “can be achieved” or “has the potential for” can also occur. Forward looking statements in this press release contain statements relating to the demerger and listing of Fission Uranium and future operations. Or the financial performance of Fission and Fission Uranium relate to known and unknown risks and uncertainties. Current results and statements could differ materially from the expected and predicted statements made in the forward-looking statements. Such statements result in their entirety from inherent risks and uncertainties that are caused by future expectations. Events that can have a significant impact on current results are: market conditions and other risk factors that may appear in our documented reports by the Canadian Exchange Commission. You can find these under SEDAR at www.sedar.com. The forward-looking statements in this press release are as of the date of the press release, and the Company and Fission Uranium assume no responsibility or liability for any change in the forward-looking statements or any new occurrences that may arise, except as disclosed in accordance with the rules of Canadian stock exchange law given. Only the original English version of this press release applies.
Source: IRW-Press.com.
