Fission's New R840W Zone to Receive Expanded Drill Program
1200m of additional drilling to follow up high-grade area west of R600W
KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) - FISSION URANIUM CORP. ("Fission" or "the Company") (TSX:FCU) (OTCQX:FCUUF) (FRANKFURT:2FU) is pleased to announce it will increase the size and budget of the winter drill program to account for additional drilling around the newly discovered R840W zone at its' PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. An additional $740,000 budgeted for 1,200m in four holes is planned to test the R840W.
Four additional close-spaced angled drill holes are planned to test for lateral and vertical continuation of the broad mineralized zone encountered in exploration hole PLS16-445 drilled on line 840W, located 135m west of the R600W zone. That drill hole intersected a 42.0m wide mineralized zone, including a continuous 2.0m interval measuring >10,000 cps radioactivity (see NR dated Feb 1, 2016).
- 1 hole will test 15m along strike to the west on line 855W
- 1 hole will test 15m along strike to the east on line 825W
- 1 hole will test 20m up-dip on line 840W
- 1 hole will test 20m down-dip on line 840W
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"The R840W zone was discovered using similar methods to those that led to the R600W zone: applying the team's greater knowledge of PLS geology to areas that were drill tested early during the PLS project. It is strong reminder of the continued prospectivity of PLS that, with the first hole of the latest program, we have already identified this new high-grade area and are in a position to test it further."
Pre-discovery drilling on the Patterson Lake Corridor intersected numerous areas of interest and ultimately led to the R600W and now the R840W zones. More areas of interest identified during early exploration drilling remain to be followed up..
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