September 29, 2014
Fission Widens Zone R780E; Hits Six New Holes With >10,000 CPS Radioactivity
Continued 100% Drill Hit Success Rate at PLS' R780E Zone
KELOWNA, BRITISH COLUMBIA--(Marketwired - Sept. 29, 2014) - FISSION URANIUM CORP. ("Fission" or "the Company") is pleased to announce results from the final seven angled drill holes of the summer drill program, which have widened and strengthened zone R780E at its PLS property in Canada's Athabasca Basin. All seven holes returned wide mineralization, with six returning intervals of greater than 10,000 cps radioactivity. Of particular note is PLS14-290 (line 735E), with a total of 97.5m composite mineralization at shallow depth, including 7.44m total composite greater than 10,000 cps radioactivity with peaks up to 61,800 cps. Fission has hit mineralization on every one of the 61 "R780E zone" summer program holes drilled to date.
Zone R780E, which has a continuous strike length of 930m (measured from lines 225E to 1155E), continues to strengthen in the eastern region of the R780E zone. Angle drilling from the 2014 program has traced a mineralized lateral corridor with a horizontal width of up to approximately 164m (line 885E), and remains open along strike and laterally.
Drilling Highlights Include:
Hole PLS14-290 (line 735E)
-- 97.5m total composite mineralization over a 173.0m section (between
113.5m - 286.5m) including:
-- 7.44m total composite mineralization of (greater than 10,000 cps)
radioactivity
-- Designed as a scissor hole on line 735E (see note on Scissor Holes)
Hole PLS14-298 (line 840E)
-- 84.0m total composite mineralization over a 240.5m section (between
146.5m - 387.0m) including:
-- 2.24m total composite mineralization of (greater than 10,000 cps)
radioactivity
Hole PLS14-296 (line 915E)
-- 94.5m total composite mineralization over a 367.0m section (between
96.0m - 463.0m) including:
-- 2.08m total composite mineralization of (greater than 10,000 cps)
radioactivity
Scissor hole drilling leads to vastly improved strength of mineralization on section 735E: Holes PLS14-290, 296 and 297 were designed as scissor holes drilling grid north to south on lines 735E, 915E and 945E respectively. Scissor holes are oriented opposite azimuth to the standard south to north angled hole and are designed to provide geometry control and confirmation on the mineralization. Of particular note, PLS14-290 intersected well developed mineralization over a 65.5m (133.0m to 198.5m), including 7.9m of very strong mineralization (7.44m of greater than 10,000 cps), in an area that had previously only seen moderate results with hole PLS14-193, 253 and 221, thus vastly improving the strength of mineralization on section 735E.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"These results represent the final summer program holes which have been nothing less than spectacular. Zone drilling has hit with every single hole without fail, connected two zones and widened the high-grade R780E zone on multiple lines. R780E, which now has a strike length of 930m, is still open in every direction. At the same time, as per news release September 25, the exploration drilling intercepted anomalous radioactivity on three conductors elsewhere on the property."