Fission Uranium (FCU:TSXV) has released assay results from three holes drilled at Patterson Lake South. The company is excited about PLS13-099 which is the eastern-most hole drilled in the R945E zone and encountered shallow mineralization over several wide intervals including 17m of 3.99% U308 and 3.5m of 18.52% U308. The highest grade assay in the hole was 0.5m of 43.5% U308 (from 197-197.5m depth). This hole encountered total composite mineralization of 121m over a 170.5m section. The zone remains open in all directions. The company will look to define this zone in their 2014 drill campaign.
Ross McElroy, President, COO and Chief Geologist for Fission, commented: "The winter 2014 drill program will continue to explore the high-grade expansion on the eastern side of R945E as we work to eliminate the distance between zones to the west."
The R945E zone has a strike length of 30m which has been identified in four holes drilled into it. It represents a zone of high-grade mineralization over wide intervals which has the company excited for follow-up work in 2014.
Drill hole PLS13-099 was collared as a vertical hole and was drilled to a depth of 368m. A total of nine mineralized intervals greater than 0.05% U308 was discovered in the hole ranging in width from 0.5m to 30.5m and separated by unmineralized sections ranging from 2.5m to 23m.
Management is also excited about the confirmation drilling at the R1155E zone which is 195m grid east of the R945E zone. The two assays from the latest drilling at this zone were to confirm subtle radon in water anomalies identified during the phase 2 EIC radon in water and sediment survey completed in April.
The holes drilled into R1155E were essentially duds with intervals of 12m of 0.09% U308, 3.5m of 0.06% U308 and 1.5m of 0.07% U308. This zone lies parallel to the PL-3B EM conductor and on strike with five separate high-grade zones to the west. Management believes the geological setting here is similar to these other five zones and so they believe further drilling here in 2014 will encounter high-grade mineralization.
Fission shares are up over 100% for the year 2013:
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Read: Fission Hits 18.52% U3O8 Over 3.5m in 3.99% U3O8 Over 17m at R945E Zone