Fission Uranium Corp. (TSX: FCU) has announced results from the final thirteen drill holes on the R1515W zone at its PLS property, in Canada’s Athabasca Basin region.
All holes intercepted wide intervals of mineralization, with nine holes additionally hitting high-grade sections. Of note, hole PLS24-664 (line 1545W) intersected 6.74m of total composite >10,000 cps in 77.0m of total composite mineralization and PLS24-663 (line 1500W) intersected 5.79m of total composite >10,000 cps in 50.4m of total composite mineralization. The R1515W upgrade programme is now complete.
Fission will use the results to upgrade the resource classification of the zone from mostly inferred to indicated and higher, for potential inclusion in the current mine plan.
Ross McElroy, president and CEO for Fission, commented, “Our resource growth programme has been a resounding success. Every hole is strongly mineralized with the majority intersecting high-grade intervals. With these results in hand, and once assay results quantify and qualify results, we are confident we will have achieved our goal of upgrading the majority of the R1515W zone resource classification. After which, once upgraded, we will be able to consider including the zone in the mine plan in the future. This in turn will increase mine reserves and further enhance the production profile of the PLS project.”
Drilling Highlights
Final thirteen holes of the R1515W programme have intercepted strong, wide mineralization:
Hole PLS24-664 (line 1545W)
- 77.0m total composite mineralization over a 153.0m interval (between 131.0m to 284.0m), including
- 6.74m of total composite >10,000 cps with maximum peaks to >65,535 cps over a total composite of 1.0m
Hole PLS24-663 (line 1500W)
50.4m total composite mineralization over a 78.5m interval (between 117.0m to 195.5m), including
- 5.79m of total composite >10,000 cps with maximum peaks to >65,535 cps over a total composite of 1.64m
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