![]() The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Other. ![]() The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. The post Fission Uranium Completes Drill Program, Advances Feasibility Study At Patterson Lake South Property appeared first on the deep dive. FISSION URANIUM DRILL RESULTS PROFESSIONALAlways do additional research and consult a professional before purchasing a security. The author has no securities or affiliations related to this organization. Information for this briefing was found via Sedar and the companies mentioned. ![]() The company appointed Tetra Tech Canada as the lead consultant for the feasibility study.įission Uranium Corp. The firm said preliminary assessment of the drill results indicated that the location of the proposed infrastructure is “optimal” however, it is awaiting further laboratory results to confirm. The summer drill program was designed to support the advancement of the feasibility study at the 31,039-hectare property, including confirming the design of the proposed mining structure. More detail is posted on the 72-hole geotechnical summer program complete on schedule and with all goals successfully met, the work required for our feasibility study at PLS is off to a very strong start,” Fission Uranium CEO Ross McElroy. The mine would take three years to construct, with an initial capital cost of $1.18 billion. A 2019 pre-feasibility study highlighted a seven-year operation that would mine 2.3 million tonnes of ore at a grade of 1.61% U 3O 8 for about 81.4 million lb. The latest resource cements Triple R as the largest high-grade deposit in the Athabasca Basin uranium district. The R780E zone is located on the eastern region and has a drill defined strike length of about 945 metres. R840W is one of the three zones that currently make up the western region of the deposit, with a drill defined strike length of approximately 430 metres. The mineralization at Triple R occurs within the Patterson Lake conductive corridor and has been traced by core drilling over 3.18 km of east-west strike in five separated mineralized zones. ![]() In terms of further growth, the deposit remains open in multiple directions, and we do of course have another two mineralized zones along trend which are still classified as primarily inferred resources," McElroy added. ![]() "It's important to note that much of the growth has come from the R840W zone, the majority of which is now classified as indicated, which will allow for inclusion in the new feasibility study mine plan. The increased resource estimate of the Triple R deposit at PLS will play an important role in the calculations used for the feasibility study, the results of which are expected by year-end. Ross McElroy, Fission's president and CEO, said, "Fission's resource growth program has been a resounding success. The new, larger resource is primarily due to the successful infill drilling programs on the R780E and R840W zones from 2019 to 2021. Inferred resources contain another 635,000 tonnes grading 1.10% U 3O 8 and 0.44 g/t gold for 15.4 million lb. Even with the minor decrease in uranium grade from the previous estimate (2.10% U 3O 8), the amount of contained U 3O 8 still increased by 12.3%. Total indicated resources have increased by 21.3% (472,000 tonnes) to 2.69 million tonnes grading 1.94% uranium oxide (U 3O 8) and 0.61 g/t gold for 114.9 million lb. Fission Uranium (TSX: FCU) has provided an updated independent resource estimate for the Triple R deposit, part of its Patterson Lake South (PLS) property in the Athabasca Basin, in Saskachewan. The resource estimate is based on 696 drill holes totalling 213,969 metres, and includes the R1515W, R840W, R00E, R780E and R1620E zones. ![]()
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