Trenching Yields Additional Off-Scale Boulders at PLS
Fission Energy, (“Fission or “the Company” ) and its 50% Joint Venture (JV) partner ESO Uranium Corp., announce that trenching at the PLS Property has yielded an additional forty-nine radioactive boulders with nineteen boulders producing “off-scale” (>9,999 counts per second [cps]) radioactive readings, as measured by hand held Exploranium GR-110G total count gamma-ray scintillometers. The largest “off scale” boulder consisted of massive pitchblende with yellow secondary uranium minerals and measured 25x30x40 cms, while three other radioactive boulders were too large to remove by hand. The size of the boulders increases from west to east, suggesting the source rocks to be the Archean Basement located to the northeast and well within the claims held by the Joint Venture. Of the eighteen trenches completed, eight exhibited significant radioactivity. These latest radioactive boulders occur in the high grade boulder field that has been traced for a north-south length of approximately 5km X up to 0.9km wide.
The successful completion of this trenching program represents a significant step towards locating the bedrock source of the large uranium boulder field discovered by the Joint Venture in June 2011 (see news release dated July 27, 2011). Line cutting is now underway in preparation for Max Min Electromagnetic (EM) and Induced Polarization (IP) ground geophysical surveys. A planned 10 hole 1,000m drill program will follow shortly thereafter (see news release dated October 24, 2011). A drill location map can be found on the Company’s website at .
Boulder samples have been submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which include a 63 element ICP-OES, uranium by fluorimetry (partial digestion). Assays will be reported when available.
PLS is a 50%/50% Joint Venture held with ESO Uranium Corp. (ESO). PLS is accessible by road with primary access from all weather Highway 955, which runs north to the former Cluff Lake mine, (>60M lbs of U3O8 produced), and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development.
In the area of the Joint Venture claims, the Patterson Conductor Corridor runs along the boundary zone between the Clearwater and Western Granulite Domains. Historical assessment reports submitted by Saskatchewan Mining & Development Corporation, the Crown Corporation predecessor company of Cameco, interpreted this area to be geologically analogous to the highly productive Wollaston Domain along its boundary with the Mudjatik Domain in the East Athabasca Basin.
ON BEHALF OF THE BOARD
Ross McElroy, President & COO
FISSION URANIUM CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. FISSION URANIUM CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "FCU".
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