Fission Uranium has announced that preparations have begun for a $13.3m summer program at its PLS property in Canada’s Athabasca Basin that will include a 52 hole, 15,200m drill program focused primarily on zone expansion and exploration targets.
Alongside the program, further activities including geotechnical and metallurgical work will be carried out towards a Pre-Feasibility Study (“PFS”) for the Triple R deposit. The highlights of the program include:
The site at PLS, busy during a previous summer drill
- 36 holes focused on growing and connecting the new high-grade zones on 2.58km trend (that are not yet included in the Triple R deposit)
- 16 holes focused on key regional exploration targets
- 32 line-km Moving Loop Electromagnetic (“MLTDEM”) survey targeting Paterson Lake Corridor to identify further drill targets
- 138 line-km 2D Marine Seismic Survey aimed at identifying areas of stronger, wider mineralization and generating data necessary for geotechnical engineering
- Pre-Feasibility activity, including geotechnical borehole testing, hydrogeology monitoring wells and metallurgical studies
Reacting to the announcement, Ross McElroy, President, COO, and Chief Geologist of Fission Uranium, remarked:
“This exciting summer program follows the tremendous success of our winter drilling, which opened up new areas of shallow, high-grade mineralization and delivered the largest mineralized trend in the Athabasca Basin region – a trend that is still wide open.
This new program will focus on aggressive growth of our high-grade zones to the east and west of the 2.58km trend, together with a large number of key regional targets. We will also be testing between our mineralized zones to evaluate the potential of connecting them.”
More about PLS
The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development.
The PLS site during winter
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol., President and COO for Fission Uranium Corp., a qualified person.
Dev Randhawa and Fission Uranium
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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