On Thursday Fission Uranium (TSX-V: FCU) discovered a fourth zone of uranium mineralization and off-scale radioactivity, which contributed to a 30% five day gain for the week and a closing Friday stock price of $1.42.
The Athabasca-focused junior filed the following release:
Hole PLS13-084, drilled on section line 945E, has returned 2.7m total composite off-scale (>9999 cps) mineralization, in 18.0m mineralization. The hole is still in progress at a depth of 302.0m and further material information as warranted will be provided.
PLS13-084 Drilling Highlights so far include:
- 165m grid east step out testing a radon in water anomaly along strike of other zones on the property
- Anomalous radioactivity present in multiple discrete intervals up to 35.5m wide each from 159.5m – 255.5m depth
- 18.0m wide interval (234.0m – 252.0m) with 2.7m wide composite total off-scale (>9999 cps) radioactivity in several discrete intervals including a 1.0m wide interval of continuous off-scale radioactivity (247.0m – 248.0m)
- Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
“With the discovery of this mineralization at section 945E, we have now identified a 4th separate mineralized zone along a strike length of just over 1km. The significant breadth of mineralization in this drill hole will be aggressively followed up. Taken as a whole, this is further evidence that PLS is host to an extensive mineralized system.”