Fission Uranium (TSX: FCU) has released the results for its first six drill holes on the R1515W zone at the company’s PLS property, in Canada’s Athabasca Basin region. All six holes intercepted wide intervals of mineralization, with five holes additionally hitting high-grade sections.
Hole PLS24-659 (line 1545W) intersected 3.75m of total composite >10,000cps in 66.0M of total composite mineralization and PLS24-653 (line 1560W) intersected 5.57m of total composite >10,000 cps in 63.0M of total composite mineralization.
A total of nineteen holes are planned for the R1515W zone with the goal of upgrading the resource classification of the zone from mostly inferred to indicated and higher, for possible inclusion in the current mine plan (see News Release April 08, 2024 ).
Ross McElroy , president and CEO for Fission, commented, ” Our resource upgrade and growth programmd is off to a great start with a 100% hit rate and strong mineralization in all of our initial holes at the R1515W zone. The zone is one of two that remain outside of our current mine plan and it is open for inclusion and expansion. Once the programme is complete, we have the potential to add this zone to our mine plan increasing the overall mine reserves and thereby enhancing the production profile. ”
Drilling Highlights
The first six holes of the R1515W program have intercepted strong, wide mineralization
Hole PLS24-659 (line 1545W):
- 66.0m total composite mineralization over a 156.5m interval (between 133.5m to 290.0m ), including
- 3.75m of total composite >10,000 cps with maximum peaks to >65,535 cps over 0.5m
Hole PLS24-653 (line 1560W)
- 63.0m total composite mineralization over a 99.0m interval (between 139.5m to 238.5m ), including
- 5.57m of total composite >10,000 cps
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