Below is a piece written by Ross McElroy, President, COO and Chief Geologist at Fission Uranium.
In our latest press release I referred to the winter drilling results at the 780E zone as ‘nothing short of a resounding success’ and mentioned some specific goals that we had set for the zone at the start of the program. Now that the zone drilling is complete, I’d like to shed a bit more light on those points.
Triple R resource estimates
The resource estimate we put out on January 9, 2015 did more than confirm just how big the Triple R deposit is (for those of you who are new to the Fission story it’s currently 79.6M lbs U3O8 at 1.58% U3O8, incl. 44.3M lbs U3O8 at 18.21% U3O8 Indicated and 25.9M lbs U3O8 at 1.30% U3O8, incl. 13.9M lbs U3O8 at 26.35% U3O8 Inferred). What it also did was give us a highly detailed model of mineralization to compare with our internal model and from that we were able to form three goals for winter.
Core Shacks onsite at PLS
The first goal was the most obvious… expanding the overall footprint of the zone. At the end of the summer 2014 program we knew the R780E zone was still open on strike, laterally and vertically. In other words, open in literally every direction. From our technical model, we were able to prioritize the most likely areas for expansion and with close to a 100% hit rate on those holes I think it’s fair to say that goal was most definitely met.
Expanding the high-grade domain. If you look at the figures we put out for the R780E zone you’ll see that the bulk of the pounds for both the indicated and inferred categories come from an ultra-high-grade domain within the R780E Main Zone. As we look forward to a future, compliant resource estimate, expanding the high-grade domain is an obvious route to adding considerable pounds. Again, our modelling showed us areas we could focus on and we’ve proved, through drilling, that the high-grade domain extends beyond the boundaries outlined in the resource estimate.
Fission’s final goal
The third and final winter goal for the zone was increasing the definition of mineralization in areas that hadn’t seen significant drilling prior to our resource estimate. More definition in the right places can lead to an expansion of the overall volumetrics of the resource shell, by properly defining dimensions to the mineralization.
Over the coming weeks we’ll continue to receive and share our assay results so keep your eye open for updates because there are plenty to come!
Ross McElroy, President, COO and Chief Geologist
Fission Uranium, Triple R and Dev Randhawa
Dev Randhawa is the founding Chairman and CEO of Fission Uranium. He has won numerous awards for his work in the industry, including Northern Miner Magazine ‘Mining Person of the Year 2013’ and as part of the Fission team, Mining Journal Excellence Award 2015 for Exploration.
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