Tuesday, 21 February 2012

Fission increases PLS property claim by more than 25%; investigates potential extension to high grade discovery made in 2011

If you missed the press release last week, we’ve increased the size of our Paterson Lake South (PLS) property by staking, six new claims onto the southern part of our project area.  We will be investigating possible southern extensions of the large high-grade uranium boulder field we discovered on the property in June 2011.

Most people familiar with Fission know us for our Waterbury Lake and Patterson Lake South properties (both associated with  Canada’s Athabasca Basin).  Each of these properties contains significant high grade uranium discoveries and, in the case of Waterbury Lake, is adjacent to the Hathor Midwest Northeast property which in turn was recently the target of a hostile takeover battle between Rio Tinto and Cameco.

The expansion of our PLS property coincides with the execution of our $2.76 million drilling program on the property. For further information on our PLS property, I encourage you to read our overview or feel free to get in touch with us.

Dev Randhawa