Fission Uranium Completes Drill Program, Advances Feasibility Study At Patterson Lake South Property

Fission Uranium Corp. (TSX: FCU) reported today that it has completed the summer drill program at its wholly-owned Patterson Lake South property in Saskatchewan, Canada. The resource company is now advancing the property to the feasibility study stage.

“With the 72-hole geotechnical summer program complete on schedule and with all goals successfully met, the work required for our feasibility study at PLS is off to a very strong start,” Fission Uranium CEO Ross McElroy.

The summer drill program was designed to support the advancement of the feasibility study at the 31,039-hectare property, including confirming the design of the proposed mining structure. The firm said preliminary assessment of the drill results indicated that the location of the proposed infrastructure is “optimal”; however, it is awaiting further laboratory results to confirm.

The company appointed Tetra Tech Canada as the lead consultant for the feasibility study.

Fission Uranium Corp. last traded at $0.84 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

SSR Mining Q1 Earnings: Costs Continue To Climb

Recommended

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2

Related News

Fission Uranium Now Needs Approval From Federal Government To Proceed With Sale To Paladin Energy

The sale of Fission Uranium Corp (TSX: FCU) is evidently the transaction that just won’t...

Wednesday, October 2, 2024, 08:34:03 AM

Fission Uranium To Conduct $15 Million Bought Deal Financing

Fission Uranium (TSX: FCU) this morning announced that it will be conducting a bought deal...

Monday, October 26, 2020, 09:47:00 AM

Paladin Energy to Acquire Fission Uranium in a $1.14 Billion All-Share Deal

Paladin Energy Limited (ASX: PDN) has announced a definitive agreement to acquire Fission Uranium Corp....

Monday, June 24, 2024, 03:47:33 AM

Fission Uranium To Conduct Two Concurrent Drill Programs At PLS

Fission Uranium (TSX: FCU) is leaning in heavily on exploration this season, announcing two separate...

Monday, April 8, 2024, 08:34:28 AM

Fission Uranium Struggles To Obtain Shareholder Support For Paladin Energy Transaction

Fission Uranium (TSX: FCU) appears to be struggling to obtain shareholder support for its proposed...

Monday, August 26, 2024, 10:04:49 AM