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Fission/Alpha report “best mineralized hole to date at PLS”

by Greg Klein | September 4, 2013

Fission/Alpha report “best mineralized hole to date at PLS”

Since the 1960s, hundreds of geologists have driven along Highway 955 (to the right of the core shacks clearing), bypassing by only two kilometres what’s now known as the PLS discovery.

With the ink barely dry on their LOI, Alpha Minerals TSXV:AMW and Fission Uranium TSXV:FCU released more drill results on September 4—assays this time, instead of the steady stream of scintillometer readings. And this time, according to Fission president/COO Ross McElroy, a single hole provided “not only the best results to date on the PLS property, but on a level with the best holes within the Athabasca Basin district.”

Sunk on the western part of R390E, the second of four zones extending from southwest to northeast, hole PLS13-075 showed a highlight of:

  • 9.08% uranium oxide (U3O8) over 54.5 metres, starting at 61 metres in vertical depth

  • (including 21.76% over 21.5 metres)

Additional results from the same hole showed:

  • 0.09% over 0.5 metres, starting at 57.5 metres

  • 0.07% over 7.5 metres, starting at 118 metres

  • 0.24% over 11.5 metres, starting at 130 metres

  • 0.65% over 2 metres, starting at 146.5 metres

  • 0.71% over 1.5 metres, starting at 151 metres

  • 0.06% over 0.5 metres, starting at 157 metres

  • 0.27% over 2.5 metres, starting at 160 metres

  • 0.27% over 1 metre, starting at 176.5 metres

True widths were unavailable. The vertical hole reached a total depth of 248 metres and was collared 30 metres grid west of PLS13-061, which last June showed 1.39% U3O8 over 23.5 metres starting at 110 metres, including 4.34% over 6 metres.

The 50/50 joint venture’s $6.95-million campaign will include additional drilling on the R390E zone, which has the largest of the lake water radon anomalies found last winter.

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