Fission Uranium Corp. (TSX: FCU) has completed its 2024 exploration drill programme at its PLS high-grade uranium project, in the Athabasca Basin region of Saskatchewan, Canada.
Ross McElroy, CEO for Fission, commented, “This is an extremely encouraging start to the renewed exploration activity at PLS. With anomalous radioactivity in multiple holes, we are very excited to have a number of high-priority target areas identified for follow up drilling. I particularly want to highlight the fact that these results are from regional exploration drilling. While our Triple R deposit continues to advance towards production on time and on schedule, we believe the PLS project has a lot more to give, and these drill results speak clearly to that potential.”
A total of 15 holes (~5,567m) were completed on six separate target areas. The target areas were located along strike to the east (East Extension) and to the west (Bridle & Saddle) of the Triple R deposit as well as parallel shear structures located to the north (Holster and Pistol) as well as to the south (Saloon) of Triple R.
Additionally, drilling encountered highly prospective features considered essential to the presence of high-grade uranium mineralization such as favourable lithology, large-scale hydrothermal alteration, graphitic shear zones, and in some cases elevated radioactivity on the various target areas. Based on the results of the winter programme, multiple target areas on the PLS Corridor will be prioritized for follow up drilling in subsequent programmes.
Winter exploration drilling complete with multiple holes intersecting anomalous radioactivity in association with hydrothermal alteration and favourable lithostratigraphic and structural features:
- Both holes at the Saloon target were deemed highly prospective particularly considering they are west along trend of the recent “PCE” high-grade discovery
- All seven holes at the Far East target hit anomalous features considered prospective and proximal to the presence of nearby uranium mineralization, including 4 holes with anomalous radioactivity.
- Highly prospective geology was encountered at the Pistol and Saddle target areas
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