Fission Uranium reports positive assays from PLS property in Canada

25 March 2014 (Last Updated March 25th, 2014 18:30)

Fission Uranium has announced positive results from nine new holes at its PLS property at Athabasca basin in Saskatchewan, Canada.

Fission Uranium has announced positive results from nine new holes at its PLS property at Athabasca basin in Saskatchewan, Canada.

According to the company, all nine holes encountered wide mineralisation with seven intersecting substantial off-scale radioactivity greater than 9,999 counts per second (cps).

The PLS14-187 on line 660E has mineralisation starting at the shallow depth of 58.5m. The hole also returned 53.47m total composite off-scale (less than 9,999cps) in 146.0m of total composite mineralisation on line 660E, and closes the gap between the R390E and R780E high-grade zones.

"The new hole has set a record at PLS and its location means that the winter programme could successfully merge four high-grade zones."

At a current depth of 407m, the PLS14-187 hole is still in progress in an altered but unmineralised pelitic gneiss.

Fission Uranium president, COO and chief geologist Ross McElroy said that the new hole has set a record at PLS and its location means that the winter programme could successfully merge the four high-grade zones of R390E, R585E, R780E and R945E, into a larger one called R780E.

"The sheer strength and scale of results from PLS continues to impress us. Hole PLS14-187 has returned total composited off-scale width results 46% more than hole PLS14-129, which itself ranks with the top drill holes in the Basin," McElroy said.

Drill hole PLS14-187 mineralisation allows for the interpretation to merge the R390E zone with R780E zone, and the newly merged high-grade zone with a strike length of 780m will be referred to as the R780E zone, the company said.

Fission Uranium specialises in the strategic exploration and development of the Patterson Lake South uranium property and is headquartered in Kelowna, British Columbia.

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