SOURCE: Streetwise Reports

Streetwise Reports

June 21, 2017 08:45 ET

The Energy Report Examines New Areas of High-Grade Uranium Mineralization Drilled in Athabasca Basin

SAN FRANCISCO, CA--(Marketwired - June 21, 2017) - A winter drilling program at Patterson Lake South in Canada's uranium-rich Athabasca Basin has confirmed high grades of mineralization on one company's property, and suggests the mineralized trend may be extendable.

Included in this article is: Fission Uranium Corp. (TSX VENTURE: FCU) (OTCQX: FCUUF)

In a June 6 research report, Rodman & Renshaw analyst Heiko Ihle commented on results released June 5 by Fission Uranium Corp., stating that "results from the final assays of its winter program [confirmed] high-grade mineralization at the new R1515W zone at its PLS property. Six of eight holes were mineralized, with four returning multiple high-grade intervals."

In its press release, Fission Uranium, which is developing the Triple R deposit on its Patterson Lake South (PLS) property, stated assays from four holes returned "multiple high-grade intervals, including hole PLS17-557 (line 1530W), which returned 3.12% U3O8 over 8.5m in 1.24% U3O8 over 27.5m and 5.15% U3O8 over 2.0m in 1.71% U3O8 over 9.0m."

"We are impressed with the assay results, and believe that the R1515W zone could be a source of significant potential moving forward," Ihle wrote. "In addition, we highlight that only 2 of the 5 zones at PLS (R00E and R780E) are included within the current Triple R deposit resource estimate, suggesting that the upcoming resource estimate has the potential to impact current resources meaningfully."

Continue reading this article: New Areas of High-Grade Uranium Mineralization Drilled in Athabasca Basin

About Streetwise Reports - The Energy Report

The Energy Report shares investment ideas for the oil & gas, renewable and alternative energy industries. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

DISCLOSURE:

Fission Uranium Corp. is a sponsor of Streetwise Reports. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.

The full disclosure is provided at the end of the published article: New Areas of High-Grade Uranium Mineralization Drilled in Athabasca Basin

Contact Information

  • For more information, contact
    Carrie Beal Amaro
    Associate Publisher
    Email contact