Resource Expansion Programme Hits Wide Mineralisation In Every Hole
Fission Uranium Corp. (TSX:FCU) has intersected mineralisation in every single hole from the first of its 2021 drill programmes on the R780E zone of the high-grade Triple R deposit at its’ PLS project, in the Athabasca Basin region of Saskatchewan, Canada.
Twenty holes were completed in 7,147.8m, including one hole restarted due to excessive deviation. All twenty holes hit wide mineralisation in multiple stacked intervals, with 13 intercepting significant intervals of >10,000 cps radioactivity.
CEO, Ross McElroy, said the goal of the winter programme was to upgrade key sections of the Triple R deposit’s R780E zone to “indicated” category by increasing drill hole density where the resource is largely classified as Inferred.
These recently completed holes have the potential to increase the Indicated category resource which may positively impact the planned feasibility study. The holes include PLS21-606 (line 900E), which intersected 118.0m of total composite mineralisation, including 1.35m of total composite radioactivity >10,000 cps (with a peak of 23,400 cps) and PLS21-597 (line 900E) with 92.0m total composite mineralisation, including 4.80m total >10,000 cps (with a peak of 51,400 cps).
“This is the first of our 2021 drill programs and I’m very pleased to report that we have met, and in numerous instances exceeded, our expectations on width and strength of mineralisation in all 20 holes,” Mr McElroy said.
“We continue to make strong progress towards feasibility, and these results will be instrumental in delivering a key part of our deposit growth strategy.”
Uranium mineralisation of the Triple R deposit at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling over ~3.18 km of east-west strike length in five separated mineralised “zones” which collectively make up the Triple R deposit.
Through successful exploration programmes completed to date, Triple R has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit. The discovery hole was announced on November 05, 2012 with drill hole PLS12-022, from what is now referred to as the R00E zone.