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Fission’s Patterson Lake South builds confidence, suggests possible expansion

by Greg Klein | August 13, 2014

High grades and wide intervals continue for Patterson Lake South as more winter assays arrive from the main zone, along with anomalous radiometric measurements 17 kilometres from Fission Uranium’s (TSXV:FCU) discovery.

With 80 holes released so far from the 92 drilled last winter, only two missed mineralization. Of the five holes released August 13, three featured especially strong results of 6.29% U3O8 over 48.5 metres, 5.19% over 57 metres and 2.28% over 94.5 metres. These five holes came from the central to eastern part of R780E, the middle and largest of five zones along a 2.24-kilometre potential strike that’s open to the east and west. Highlights showed:

Hole PLS14-209

  • 5.19% uranium oxide (U3O8) over 57 metres, starting at 83.5 metres in downhole depth
  • (including 21.97% over 10.5 metres)
Fission’s Patterson Lake South builds confidence, suggests possible expansion

  • 0.8% over 4 metres, starting at 156.5 metres

PLS14-211

  • 0.17% over 20 metres, starting at 120.5 metres
  • (including 2.02% over 1 metre)

  • 0.15% over 21 metres, starting at 163.5 metres

  • 1.41% over 8 metres, starting at 200 metres
  • (including 3.25% over 3 metres)

PLS14-214

  • 2.28% over 94.5 metres, starting at 82.5 metres
  • (including 7.02% over 5.5 metres)
  • (and including 16.75% over 3 metres)
  • (and including 8.15% over 1.5 metres)
  • (and including 7.87% over 3.5 metres)

  • 1.17% over 21 metres, starting at 189.5 metres
  • (including 2.64% over 5 metres)

PLS14-215

  • 6.29% over 48.5 metres, starting at 65 metres
  • (including 11.8% over 22.5 metres)

  • 1.02% over 21.5 metres, starting at 117.5 metres
  • (including 2.61% over 4.5 metres)

  • 0.6% over 10.5 metres, starting at 185.5 metres
  • (including 1.65% over 3 metres)

PLS14-216

  • 0.53% over 6 metres, starting at 217 metres
  • (including 1.14% over 2 metres)

True widths weren’t provided.

A summer exploration hole reported two days earlier tested the PLG-105A electromagnetic conductor, about 17 kilometres southeast of the discovery. The property hosts over 100 EM conductors, few of which have been drilled. A downhole probe found 0.95 metres of anomalous radioactivity starting at 63.76 metres in downhole depth and peaking at 2,532 counts per second. The measurement is no substitute for an assay, which is pending. Fission Uranium plans further drilling in the area, which is 330 metres north of the Clearwater West project, operated by the company’s spinco Fission 3.0 TSXV:FUU and funded by Brades Resource TSXV:BRA.

Last week high-grade assays came from not only Fission Uranium but also next-door neighbour NexGen Energy TSXV:NXE.

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