New Drilling aims to find Source of High Grade Uranium Boulder Field Discovery at PLS

In case you’ve not seen our latest press release we’ve just announced two new drill programs to locate the source of the high grade uranium boulder field we discovered in 2011 at our PLS Property in Canada’s Athabasca Basin.

Drilling will start early this month and here’s what Ross McElroy, our president and chief geologist at Fission, had to say, “In addition to the presence of the high grade boulder field, the results of our Winter drill program provided further evidence that a large uranium-rich alteration system is present in this area. The Winter data has been key in defining the areas of focus for the October drilling and we’re looking forward to getting started.”

Winter Highlights: The Winter drilling along PL-3B EM Conductor intersected strong alteration below the unconformity and continuous wide intervals of anomalous low grade uranium basement mineralization, as well as associated boron, cobalt, nickel, molybdenum and lead over 823m of strike (see press release dated July 24th, 2012 for detailed information).

Program Details: The 8-hole, 1600m core drilling program will focus on the PL-3B EM Conductor, and also test a series of parallel east-northeast trending EM conductors, which lie approximately 3.0 km to the east of the high grade uranium boulder field, where multiple boulder assays as high as 39.6% U3O8 were discovered last year.

In addition, the planned 12-hole, 1440m reverse circulation (RC) drilling program will test for overburden characterization, to help further define new key targets in the area near the boulder field.

I encourage you to check out the press release and as ever, don’t hesitate to get in touch with any questions which you can do on the phone, contact form or via our twitter account.

In addition, I would recommend signing up to our email subscriber list to receive additional updates on Fission and the uranium sector.

Dev Randhawa