Fission Uranium continues to generate very positive exploration results from ongoing drilling at its Patterson Lake South (PLS) property in Saskatchewan’s Athabasca Basin. On April 14, the company announced assay results from 12 holes drilled within the property’s R780E zone, with all holes returning wide intervals of mineralization and nine holes returning high-grade assays. Of particular note, hole PLS14-132 intersected multiple zones of mineralization, including an interval of 8.48% U3O8 over 3.5 m within an interval of 4.03% U3O8 over 8 m.
Subsequently, on April 22, Fission reported additional results from the R780E zone, including hole PLS14-187, which returned 102.5 m of continuous mineralization averaging 5.98% U3O8 from 63 m downhole, the widest high-grade interval to date at PLS.
Uranium mineralization at PLS has been traced by core drilling over 2.24 km of east-west strike length in five separate mineralized zones. Mineralization remains open along strike both to the west and east. Mineralization is located within and associated with a metasedimentary lithologic corridor, bounded to the south by the PL-3B basement electromagnetic conductor.
Fission initiated a 90-hole winter drill and geophysical program at PLS in mid-January. The winter program will cost $12 million and is part of $20 million Fission expects to spend on exploration at PLS this year.
