A step out hole drilled 780m East of the original discovery at PLS has hit off-scale radioactivity to give us yet another Discovery Zone. You can check out the press release for the full details. This is the 3rd high grade zone we’ve discovered at PLS and we’re still only partway through the drill program.
You know, as the CEO of an exploration company, you sometimes have to take a step back and shake your head in wonder and here’s why:
As you know, Denison is acquiring a large portion of Fission’s properties and as part of the deal we’ll be spinning out a NewCo called Fission Uranium Corp. Existing Fission shareholders will get 0.355 shares of Denison and 1 share of Fission Uranium Corp. per share of Fission owned.
When we originally came to agreement with Denison we knew this would deliver great value to Fission shareholders. Denison is going to be in a phenomenal position and Fission Uranium Corp would be starting out with $15m in the bank, the same management and head geo that build Fission and a selection of highly prospective properties including the PLS discovery which, at the time the deal was made, was at an extremely early stage.
What’s changed is that with Fission Uranium Corp. existing Fission shareholders are not just going to be a part of some highly prospective assets, they are going to have a rapidly expanding high grade discovery in their pocket and the cash to develop it….
Don’t hesitate to get in touch with any questions and be sure to connect with us on Twitter and LinkedIn.
Dev Randhawa
