August 26, 2014
Fission Connects 2 Zones; R780E Expands to 930m; Hits 10.45m Total Composite "Off-Scale" in 103.0m Composite Mineralization
Successful Drilling Merges R780E and R1155E Zones
KELOWNA, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2014) - FISSION URANIUM CORP. ("Fission" or "the Company") (TSX VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is pleased to announce results from seven new angled drill holes of the summer drill program at its PLS property in Canada's Athabasca Basin. Of particular note is PLS14-271 (line 510E), with a total of 103.0m composite mineralization, including 10.45m total composite "off-scale" (greater than 10,000 cps) radioactivity. All seven holes returned wide mineralization, with five returning intervals of greater than 10,000 cps radioactivity.
Two Zones Merge: Of key significance is the location of hole PLS14-264 (line 1125E) which was drilled in the previous 75m gap separating the R780E and R1155E zones. Mineralization in this hole has demonstrated the continuity between the shallow depth, high-grade R780E to the west and the R1155E zone to the east. The newly enlarged R780E zone currently has a strike length of 930m (L225E to 1155E), up from 855m (L225E to 1080E).
High-Grades Expand in Zone R780E: Of additional note, high-grade mineralization within the R780E zone has been expanded a further 15m west to line 270E. Previously, high grades extended as far west as line 285E (holes PLS14-138, 157 and 169), with lower grades encountered as far as line 225E (PLS13-093). Further drilling is planned to test for continuation of high-grade mineralization to the west.
Drilling Highlights Include:
Hole PLS14-271 (line 510E)
-- 103.0m total composite mineralization over a 146.0m section (between
57.5m - 203.5m) including:
-- 10.45m total composite mineralization of (greater than 10,000 cps)
radioactivity
Hole PLS14-270 (line 270E)
-- 49.5m total composite mineralization over a 178.0m section (between
63.0m - 241.0m) including:
-- 1.2m total composite mineralization of (greater than 10,000 cps)
radioactivity
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"Today's results have merged yet another eastern mineralized zone (R1155E) with the rapidly expanding R780E zone. We are also seeing the westward expansion of the R780E's extensive high-grade area. The summer program is continuing to drive PLS forward at a tremendous pace."
As per news release July 28, 2014 Fission has replaced the GR-110 scintillometer, which measured a maximum of 9,999 cps (referred to as off-scale in all previous PLS drill programs) with the RS-121 scintillometer, which measures up to 65,535 cps for higher resolution readings of strongly anomalous radioactivity.