KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 02/14/13 -- FISSION ENERGY CORP. ("Fission" or "the Company") (TSX VENTURE: FIS)(OTCQX: FSSIF) is pleased to announce that it has staked three additional claims on the southern border of the Company's Patterson Lake South (PLS) project (a 50/50 joint venture with Alpha Minerals Inc.). The newly acquired ground is referred to as the Clearwater West Project and is owned 100% by Fission.
The claims are located 7km south of the mineralized boulder field and 12.5km south of the mineralized holes on the PLS property and comprise a total area of 11,535.39ha.
The acquisition of the Clearwater West claims is part of Fission's objective to stake highly prospective areas where the target depth of uranium mineralization is expected to be shallow, as is the case with the PLS and Patterson Lake properties. The newly acquired claims fall within the same NE-SW oriented magnetic low corridor which hosts the PLS high-grade uranium boulder field and discovery drill holes. Discovery hole PLS12-024 returned assays of 18.0m @ 1.78% U3O8 and hole PLS12-022, 8.5m @ 1.07% U3O8 (see news release dated December 5, 2012). The uranium model that is envisioned on the Clearwater West Project is analogous to the structurally controlled Athabasca Basin unconformity deposits, which are generally associated within hydrothermally altered, structurally controlled metasedimentary lithology, which appear as magnetic lows on a magnetic geophysics survey.
Updated maps showing the location of the Clearwater West Project claims can be found on the Company's website at http://www.fission-energy.com/s/Clearwater.asp.
FISSION ENERGY 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 ENERGY CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "FIS".
This press release contains "forward-looking information" that is based on Fission's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Fission's development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Fission's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Fission disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
ON BEHALF OF THE BOARD
Ross McElroy, President & COO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Fission Energy Corp.
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women