Fission Uranium Corp (TSX: FCU) this morning released the latest results from a drill program conducted at its Triple R deposit at the PLS project in northern Saskatchewan. Twenty five holes in total were conducted on the property, all of which are said to have hit mineralization.
The latest drill program is focused on increasing the current resource estimate at the deposit, which is to be revised as part of a feasibility study being conducted by the company. The company is currently focused on expanding its indicated classification.
Highlights from the results released today include:
- PLS21-624: 8.01% U3O8 over 46.0 metres, including 18.27% U3O8 over 19.0 metres
- PLS21-635: 2.71% U3O8 over 51.5 metres. including 14.58% U3O8 over 8.0 metres
- PLS21-613: 3.56% U3O8 over 26.5 metres, including 12.77% U3O8 over 6.5 metres
All results come from the drilling of the R840W zone of the deposit. Results are now being studied for the inclusion into the model for the zone, with the aim of drilling being sufficient to significantly increase the indicated category for the resource estimate and related mine plan.
Fission Uranium last traded at $0.70 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.
