Fission Uranium Corp. (TSX: FCU) has announced the completion of a summer 2024 regional exploration drill programme at its PLS high-grade uranium project, in the Athabasca Basin region of Saskatchewan, Canada.
Ross McElroy , CEO for Fission, commented, ” The Saloon Shear Zone continues to deliver extremely encouraging signs associated with high-grade uranium mineralization. With the 2024 exploration program, we have tested over 8.8km of strike length of the Saloon Shear Zone and intersected anomalous radioactivity over 8km.”
A total of fifteen holes (~6,428m) were completed with fourteen holes targeting the Saloon Shear Zone and one hole testing the Far West target. Fission notes that thirteen holes intercepted anomalous radioactivity. Of particular note, three holes (PLS24-680, 682, and 684B ) located in the Saloon East area ~4km southeast of the Triple R deposit, hit strongly anomalous radioactivity in multiple zones over significant widths with peaks of 10,428cps, 5,842cps, and 12,777cps respectively. Importantly, the results at Saloon East represent the strongest radioactivity intersected on the PLS property to date outside of the Triple R deposit.
Summer regional exploration drilling tested ~8.8km of the Saloon Shear Zone with 14 holes, with >90% of the holes intersecting anomalous radioactivity in multiple intervals in each hole. These results represent the strongest hydrothermal alteration and radioactivity encountered to date at PLS outside of the Triple R deposit.
Drilling along the Saloon Shear Zone intersected anomalous radioactivity along 8km of strike length with most prospective results at Saloon Main and East areas.
Saloon Main – tested by five holes and all encountering anomalous radioactivity associated with strong hydrothermal alteration.
- Hole PLS24-679A intersected a total composite of 65.5m of anomalous radioactivity with peaks up to 4,077 cps
- Hole PLS24-661 intersected a total composite of 137.4m anomalous radioactivity over a 394.6m interval, with peaks up to 3,254.1 cps, suggesting the Saloon Main shear zone remains prospective to a depth of at least 540m below surface
Saloon East – Tested by 3 holes and all encountering anomalous radioactivity associated with strong hydrothermal alteration.
- Hole PLS24- 684B intersected five intervals of anomalous radioactivity over considerable widths, with the strongest results from an 11.6m wide interval with a peak of 12,677.6cps and a 4m wide interval with peak of 6,737.7cps
- Hole PLS24-680 intersected eight intervals of anomalous radioactivity over a total composite width of 25.9m, with the strongest results from a 6.8m wide interval with a peak 10,428.7 cps and a 1.1m wide interval with a peak of 7,833.6 cps
- Hole PLS24-682 encountered six intervals of anomalous radioactivity with the best results from a 5.1m wide interval returning a peak of 5,841.8 cps
“In particular, the exceptional results at the Saloon Main and East areas located 5km to the southeast and ~4km to the southeast of the Triple R deposit respectively, give our exploration team a tremendous amount of optimism for the discovery of additional high-grade mineralization. The Saloon trend continues to be considered the top priority focus for future exploration activity.” Added Ross.
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