Fission Hits Largest Composite Off-Scale Recorded at PLS 36.72m Total Composite "Off-Scale" (Line 600E)
27 Janvier 2014 - 9:00AM
Marketwired
Fission Hits Largest Composite Off-Scale Recorded at PLS 36.72m
Total Composite "Off-Scale" (Line 600E)
111.5m total composite mineralization
KELOWNA, BRITISH COLUMBIA--(Marketwired - Jan 27, 2014) -
FISSION URANIUM CORP. ("Fission" or "the Company")
(TSX-VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is pleased to
announce results from the first five holes of the winter program at
its PLS property in Saskatchewan's Athabasca Basin. Of exceptional
note is hole PLS14-129 (line 600E). With 36.72m of total composite
off-scale (>9999 cps) mineralization at shallow depth, including
a discrete interval of 9.5m continuous off-scale, the hole has
returned the widest, strongest off-scale results recorded at PLS to
date. It far exceeds hole PLS13-075 (line 330E) which intersected
21.65m total composite off-scale and later assayed at 21.76% U3O8
over 21.5m in 9.08% U3O8 over 54.5m (see NR dated Sept. 4,
2013).
All five holes intersected off-scale radioactivity and have
further narrowed the gaps between zones R390E to R945E. In total,
the distance between the mineralized zones has been reduced by
approximately 45m (12%).
Drilling Highlights include:
- PLS14-129 (line 600E)
- 111.5m total composite mineralization (56.0m -
268.0m)including:
- 36.72m total composite off-scale (>9999 cps)
radioactivity
- PLS14-126 (line 780E)
- 64.5m total composite mineralization (131.0m - 374.0m)
including:
- 3.09m total composite off-scale (>9999 cps)
radioactivity
- PLS14-125 (line 570E)
- 88.0m total composite mineralization (70.0m - 240.5m)
including:
- 1.96m total composite off-scale (>9999 cps)
radioactivity
Ross McElroy, President, COO, and Chief Geologist for Fission,
commented,
"PLS14-129 is the strongest hole to date at PLS, exceeding
the total composite off-scale from hole PLS13-075 by well over 50%.
Considering drill-hole PLS13-075 is on a level with the very best
holes in the Athabasca Basin district, this is an incredible start
to the winter program. Today's results also narrow the gaps between
the zones substantially… further evidence that the system consists
of one very large zone."
Line 570E:
- Drillhole PLS14-125 was collared as a vertical hole and drilled
to a depth of 359.0m. The collar is located approximately 15m grid
west of PLS13-106. Basement was intersected at 55.7m. A quartzitic
gneiss is present from 55.7m to 82.6m. From 82.6m to 338.8m
lithology is dominantly pelitic gneiss (graphitic and sulphides)
with multiple intervals of undifferentiated mylonites (from 1.7m to
6.3m wide). A diabase dyke is present from 338.8m to 341.8m. From
341.8m to 359.0m (EOH) a semipelitic gneiss dominates. Anomalous
radioactivity occurs from 89.0m coincident with the transition to
pelitic gneiss. A total composite of 88.0m of mineralization within
a 170.5m section (70.0m to 240.5m) occurs in nine variably
radioactive mineralized intervals ranging in width from 0.5m to
29.5m, separated by unmineralized intervals ranging in width from
2.5m to 23.5m. A total composite of 1.96m of off-scale
radioactivity occurs in several discrete intervals ranging from
0.08m to 0.5m wide.
Line 600E:
- Drillhole PLS14-129 was collared as a vertical hole and drilled
to a depth of 344.0m. The collar is located approximately 15m grid
east of PLS13-098. Basement was intersected at 55.9m. A pelitic
gneiss is present from 55.9m to 286.3m. Occasional narrow
alternating intervals of quartzitic gneiss are present between
172.8m to 189.9m. From 286.3m to 344.0m (EOH) a semipelitic gneiss
dominates. Anomalous radioactivity occurs from the top of the
basement at 56.0m coincident with the pelitic gneiss, often
occurring within units identified as massive uranium
mineralization, where the host lithology is obscured. A total
composite of 111.5m of mineralization within a 212.0m section
(56.0m to 268.0m) occurs in nine variably radioactive mineralized
intervals ranging in width from 0.5m to 38.0m, separated by
unmineralized intervals ranging in width from 3.0m to 46.0m. A
total composite of 36.72m of off-scale radioactivity occurs in
several discrete intervals ranging from 0.05m to 9.5m wide.
Line 780E:
- Drillhole PLS14-126 was collared as a vertical hole and drilled
to a depth of 443.0m. The collar is located approximately 10m grid
south of PLS13-080. Basement was intersected at 54.3m. A
semipelitic gneiss is present from 54.3m to 67.8m. From 67.8m to
381.4m a pelitic gneiss (graphitic and sulphides) dominates, with
several alternating intervals of quartzitic gneiss present between
95.9m and 233.6m and occasional intervals of undifferentiated
mylonites (from 1.0m to 8.3m wide). From 381.4m to 443.0m (EOH) the
lithology transitions to a semipelitic gneiss. Anomalous
radioactivity occurs from 131.0m. A total composite of 64.5m of
mineralization within a 243.0m section (131.0m to 374.0m) occurs in
eleven variably radioactive mineralized intervals ranging in width
from 0.5m to 30.0m, separated by unmineralized intervals ranging in
width from 2.5m to 72.5m. A total composite of 3.09m of off-scale
radioactivity occurs in several discrete intervals ranging from
0.068m to 0.5m wide.
Line 825E:
- Drillhole PLS14-127 was collared as a vertical hole and drilled
to a depth of 350.0m. The collar is located approximately 15m grid
east of PLS13-101. Basement was intersected at 59.2m. A pelitic
gneiss is present from 59.2m to 86.9m. A quartzitic gneiss is
present from 86.9m to 135.7m. From 135.7m to 211.3m, a pelitic
gneiss dominates with occasional intervals of undifferentiated
mylonites (up to 6.4m wide). From 211.3m to 350.0m (EOH) a
semipelitic gneiss dominates. Anomalous radioactivity occurs from
63.0m coincident with a pelitic gneiss. A total composite of 92.5m
of mineralization within a 236.5m section (63.0m to 299.5m) occurs
in eleven variably radioactive mineralized intervals ranging in
width from 1.0m to 24.5m, separated by unmineralized intervals
ranging in width from 2.5m to 85.0m. A total composite of 0.79m of
off-scale radioactivity occurs in several discrete intervals
ranging from 0.1m to 0.2m wide.
Line 945E:
- Drillhole PLS14-128 was collared as a vertical hole and drilled
to a depth of 464.0m. The collar is located approximately 15m grid
south of PLS13-084. Basement was intersected at 56.5m. A
semipelitic gneiss is present from 56.5m to 106.7m. A quartzitic
gneiss is present from 106.7m to 320.0m with occasional generally
narrow intervals of pelitic gneiss (from 1.6m to 29.7m wide). From
320.0m to 435.7m, a pelitic gneiss dominates with occasional
intervals of undifferentiated mylonites (up to 1.1m wide). From
435.7m to 464.0m (EOH) the rock transitions to a semipelite.
Anomalous radioactivity occurs from 104.5m coincident with the
transition to a quartzitic gneiss. A total composite of 61.5m of
mineralization within a 144.5m section (104.5m to 249.0m) occurs in
six variably radioactive mineralized intervals ranging in width
from 1.0m to 42.5m, separated by unmineralized intervals ranging in
width from 3.5m to 33.5m. A total composite of 1.6m of off-scale
radioactivity occurs in several discrete intervals ranging from
0.1m to 0.5m wide. A narrow region of weakly anomalous
radioactivity is present deeper in the hole between 425.5m - 436.0m
in two discrete intervals of 1.5m and 0.5m wide respectively, with
maximum counts to 580 cps.
|
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Hole
summary |
|
|
|
|
|
Collar |
* Hand-held Scintillomenter Results On Mineralized
Drillcore (>300 cps / >0.5M minimum) |
Sandstone |
Basement Unconformity |
Total Drillhole |
Hole ID |
Zone |
Grid Line |
Az |
Dip |
From (m) |
To (m) |
Width (m) |
CPS Peak Range |
From - To (m) |
Depth (m) |
Depth (m) |
PLS14-125 |
R585E |
L570E |
182 |
-89 |
70.0 |
70.5 |
0.5 |
306 |
NA |
55.7 |
359.0 |
|
|
|
|
|
89.0 |
91.5 |
2.5 |
510 - 670 |
|
|
|
|
|
|
|
|
115.0 |
144.5 |
29.5 |
220 - >9999 |
|
|
|
|
|
|
|
|
148.0 |
167.0 |
19.0 |
250 - >9999 |
|
|
|
|
|
|
|
|
169.5 |
176.0 |
6.5 |
160 - 970 |
|
|
|
|
|
|
|
|
181.5 |
184.0 |
2.5 |
200 - 380 |
|
|
|
|
|
|
|
|
187.0 |
201.5 |
14.5 |
130 - 400 |
|
|
|
|
|
|
|
|
225.0 |
237.5 |
12.5 |
120 - 5400 |
|
|
|
|
|
|
|
|
240.0 |
240.5 |
0.5 |
340 |
|
|
|
PLS14-126 |
R780E |
L780E |
|
|
131.0 |
161.0 |
30.0 |
<300 - >9999 |
NA |
54.7 |
443.0 |
|
|
|
|
|
164.0 |
169.5 |
5.5 |
<300 - >9999 |
|
|
|
|
|
|
|
|
178.0 |
184.5 |
6.5 |
400 - >9999 |
|
|
|
|
|
|
|
|
189.0 |
192.0 |
3.0 |
<300 - 1400 |
|
|
|
|
|
|
|
|
218.5 |
219.0 |
0.5 |
1400 |
|
|
|
|
|
|
|
|
224.0 |
227.0 |
3.0 |
<300 - 830 |
|
|
|
|
|
|
|
|
230.0 |
235.5 |
5.5 |
330 - >9999 |
|
|
|
|
|
|
|
|
242.5 |
243.5 |
1.0 |
470 - 1100 |
|
|
|
|
|
|
|
|
289.5 |
296.0 |
6.5 |
<300 - 4400 |
|
|
|
|
|
|
|
|
298.5 |
300.0 |
1.5 |
240 - 4300 |
|
|
|
|
|
|
|
|
372.5 |
374.0 |
1.5 |
<300 - 2700 |
|
|
|
PLS14-127 |
R780E |
L825E |
35.7 |
-84.6 |
63.0 |
74.5 |
11.5 |
<300 - 1200 |
NA |
59.2 |
350.0 |
|
|
|
|
|
77.0 |
80.5 |
3.5 |
<300 - 590 |
|
|
|
|
|
|
|
|
95.5 |
120.0 |
24.5 |
<300 - 4200 |
|
|
|
|
|
|
|
|
123.0 |
134.0 |
11.0 |
<300 - 1300 |
|
|
|
|
|
|
|
|
137.5 |
143.5 |
6.0 |
<300 - 1100 |
|
|
|
|
|
|
|
|
146.0 |
161.5 |
15.5 |
<300 - >9999 |
|
|
|
|
|
|
|
|
166.0 |
176.5 |
10.5 |
<300 - >9999 |
|
|
|
|
|
|
|
|
185.5 |
189.0 |
3.5 |
320 - 6600 |
|
|
|
|
|
|
|
|
196.5 |
200.5 |
4.0 |
300 - >9999 |
|
|
|
|
|
|
|
|
212.0 |
213.5 |
1.5 |
<300 - >9999 |
|
|
|
|
|
|
|
|
298.5 |
299.5 |
1.0 |
370 - 440 |
|
|
|
PLS14-128 |
R945E |
L945E |
|
|
104.5 |
117.0 |
12.5 |
<300 - 1200 |
NA |
56.5 |
464.0 |
|
|
|
|
|
134.0 |
135.0 |
1.0 |
340 - 400 |
|
|
|
|
|
|
|
|
140.0 |
182.5 |
42.5 |
<300 - >9999 |
|
|
|
|
|
|
|
|
216.0 |
220.5 |
4.5 |
320 - >9999 |
|
|
|
|
|
|
|
|
244.5 |
245.0 |
0.5 |
470 |
|
|
|
|
|
|
|
|
248.5 |
249.0 |
0.5 |
325 |
|
|
|
|
|
|
|
|
425.5 |
427.0 |
1.5 |
400 - 580 |
|
|
|
|
|
|
|
|
435.5 |
436.0 |
0.5 |
550 |
|
|
|
PLS14-129 |
R585E |
L600E |
|
|
56.0 |
94.0 |
38.0 |
310 - >9999 |
NA |
55.9 |
344.0 |
|
|
|
|
|
100.0 |
102.5 |
2.5 |
310 - 1500 |
|
|
|
|
|
|
|
|
107.0 |
141.5 |
34.5 |
<300 - >9999 |
|
|
|
|
|
|
|
|
144.5 |
175.0 |
30.5 |
330 - >9999 |
|
|
|
|
|
|
|
|
191.5 |
192.0 |
0.5 |
960 |
|
|
|
|
|
|
|
|
196.5 |
200.5 |
4.0 |
310 - 1400 |
|
|
|
|
|
|
|
|
204.0 |
204.5 |
0.5 |
320 |
|
|
|
|
|
|
|
|
221.0 |
221.5 |
0.5 |
370 |
|
|
|
|
|
|
|
|
267.5 |
268.0 |
0.5 |
340 |
|
|
|
A $12M, 90 hole, 30,000m drill program and ground geophysics
surveys continues at PLS. Updated maps and files can be found on
the Company's website at
http://www.fissionuranium.com/projects/patterson-lake-south-sk/.
Natural gamma radiation in drill core that is reported in this
news release was measured in counts per second (cps) using a hand
held Exploranium GR-110G total count gamma-ray scintillometer. 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.
All holes are planned to be radiometrically surveyed using a
Mount Sopris 2GHF-1000 Triple Gamma probe, which allows for more
accurate measurements in high grade mineralized zones. The Triple
Gamma probe is preferred in zones of high grade mineralization.
Split core samples from the mineralized section of core will be
taken continuously through the mineralized intervals and submitted
to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005
Accredited Facility) of Saskatoon for analysis, which includes U3O8
(wt %) and fire assay for gold. All samples sent for analysis will
include a 63 element ICP-OES, uranium by fluorimetry and boron.
Assay results will be released when received.
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
Cautionary Statement: Certain information contained in this
press release constitutes "forward-looking information", within the
meaning of Canadian legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur", "be achieved" or "has the potential to".
Forward looking statements contained in this press release may
include statements regarding the future operating or financial
performance of Fission and Fission Uranium which involve known and
unknown risks and uncertainties which may not prove to be accurate.
Actual results and outcomes may differ materially from what is
expressed or forecasted in these forward-looking statements. Such
statements are qualified in their entirety by the inherent risks
and uncertainties surrounding future expectations. Among those
factors which could cause actual results to differ materially are
the following: market conditions and other risk factors listed from
time to time in our reports filed with Canadian securities
regulators on SEDAR at www.sedar.com. The forward-looking
statements included in this press release are made as of the date
of this press release and the Company and Fission Uranium disclaim
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation.
Fission Uranium Corp.Investor RelationsRich MatthewsTF:
877-868-8140rich@fissionuranium.comwww.fissionuranium.com
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