Despite the lack of anomalous radioactivity, A1 remains a very prospective target area with the type of features required to host anomalous uranium mineralization. These lithologies and structural features are the preferred geologic setting in which occurs basement hosted structurally hosted high-grade uranium in the Athabasca Basin area, analogous to the PL-3B corridor which hosts high grade uranium on Fission Uranium's nearby PLS property, located ~20km to the south. The four holes drilled in the 2014 winter program intersected locally structurally complex mylonitic graphite and sulphide rich pelitic gneiss. All 4 holes were completed to their planned targeted depth. During the winter 2014 program, four holes were drilled along a 1.2km strike length of the southern half of this conductor PLN14-010, 011, 012 and 013.

Previous historic drilling (20) targeted the northern half of the conductor, but none of those holes intersected a conductive basement lithology that could explain the conductor. It has a strike length of approximately 3km. The A1 EM conductor is central to the package of south-east trending basement conductors in the Harrison Lake area. Table 1: PLN Winter 2014 Drill Hole Summary The A3 conductor remains highly prospective No graphite or sulphides were intersected to explain the EM conductor, and thus this target area requires further drilling to evaluate. Intensely clay and chlorite alteration in the upper 30m of basement One hole lost in basement rock before desired target depth completion (PLN14-014) Two attempts to penetrate overburden were unsuccessful (PLN14-015A and PLN14-015B).Ĭonductor remains untested during this program and particularly in light of the results seen along the neighboring A1 conductor axis, the A1B conductor remains a highly prospective target Target area remains highly prospective and requires further drilling to evaluate

Drilling encountered a lithological setting with structural complexity similarly analogous to that of the PL-3B conductor and its association with uranium mineralization at Fission Uranium's PLS project All 3 EM conductors are interpreted to be situated in basement bedrock.įour holes completed to depth (PLN14-010, PLN14-011, PLN-012 and PLN-013). These 3 conductors, located in the south-west area of the property are part of a south-east trending sub-parallel system of EM conductors. The winter drill program was designed to test the A1, A1B and A3 EM conductors (Harrison Lake area).

All three conductors remain highly prospective and our next step is to use the drill, radon and geophysics data to prioritize new drill targets for testing during the next drill program.' 'The results from the winter program at PLN are encouraging and have increased our knowledge and understanding of the geology at PLN. Ross McElroy, COO, and Chief Geologist for Fission, commented, However anomalous radon in water survey results confirm the high prospectivity of these targets and additional Squid EM surveys underway in the area.įission 3.0 and its JV Partner Azincourt are sufficiently encouraged with the winter results to ensure funding is in place for phase 2 of the 'earn-in', in order to continue follow up drilling those targets identified, and confirmed on land through the remainder of this year. Further drilling is required to evaluate the target areas.ĭrilling of the shallow southern lake targets was not undertaken as a result of unsuitable winter ice conditions. Although no significant radioactivity was encountered, encouraging basement lithology and structural features confirm the high prospectivity of the target areas. Approximately 1988.3m of drilling was completed in seven holes testing 3 separate basement electromagnetic (EM) conductors: four holes completed to target depth, one hole partially completed before being lost due to technical difficulties and 2 attempts abandoned in overburden. (TSX VENTURE:AAZ), are pleased to announce the results of the winter drill, radon survey and ground geophysical program at their PLN Property. (TSX VENTURE:FUU) (' Fission 3.0' or ' the Company') and its Joint Venture (JV) partner, Azincourt Uranium Inc. KELOWNA, BRITISH COLUMBIA-(Marketwired - April 2, 2014) - FISSION 3.0 CORP.

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