If you haven’t seen our latest press release I’m delighted to confirm we now have the assay results from the boulder prospecting and survey program at PLS. 37 boulders, ranging in size from 1cm to 45cm were reported, with half of them returning grades over 10% U3O8. The highest grade assayed at a huge 40%.
To put the figures into greater perspective, the world average grade for uranium is a mere 0.2% U308….
The press release contains more detailed information on the announcement but in the meantime, here are a few points regarding its significance:
The recent results have not only expanded the high-grade uranium boulder field in the immediate vicinity, they’ve also identified new areas to the west and south-west by up to 800m and 2.5km respectively. We believe that this large distribution of mineralized boulders discovered to the south-west may represent debris from more than one mineralized source from the up-ice direction.
As you’ll know if you caught the news about our successful drill results last month at PLS, advanced planning for a new and aggressive drill program during the winter 2013 field season is in progress. The primary focus will be expanding the shallow depth, high-grade uranium discovery announced in drill holes PLS12-(022 to 025) (see news release Dec 05, 2012).
This is a very exciting time for Fission and PLS so be sure to stay with us while we look to build on the extremely successful end to our 2012 activity as we enter 2013. Please get in contact with any questions and be sure to follow us on Twitter (@FissionEnergy) and LinkedIn to keep up with the latest updates.
Dev Randhawa
