KELOWNA, BRITISH COLUMBIA -- (Marketwired) -- 04/10/13 -- FISSION ENERGY CORP. (TSX VENTURE: FIS)(OTCQX: FSSIF) ("Fission" or "the Company), and its 50% Joint Venture partner Alpha Minerals Inc., are pleased to report further assay results from twelve holes in the R00E zone on its Patterson Lake South (PLS) Property. The Company is reporting on twelve holes from the R00E zone in which results show a continuous area of broad, relatively flat lying zone of uranium mineralization at shallow depths.
These results are part of the recently completed Winter Drill program at PLS. They expand upon and delineate the R00E assay results previously reported (see news release dated Dec. 05, 2012) that outline a broad zone of uranium found at shallow depth.
-- Hole PLS13-037 (line 025W) intersected multiple intervals of mineralization totaling 23m including: -- 7.5m grading 2.25% U3O8 (71.0m-78.5m) -- 2.0m grading 6.31% U3O8 (105.0m - 107.0m) -- 2.0m grading 12.4% U3O8 (120.0m - 122.0m)-- Hole PLS13-027 (line 025W) intersected: -- 37.5m (61.0m-98.5m) grading 1.17% U3O8, including: -- 13.0m of 1.97% U3O8 (78.0m - 91.0m)-- Hole PLS13-029 (Line 025W) intersected: -- 30.0m (63.0m-93.0m) grading 0.76% U3O8, including: -- 3.5m grading 3.57% U3O8 and a further 3.5m grading 2.08% U3O8
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"These results expand upon what is already a very prospective uranium discovery at PLS. As with our earlier assays, the figures confirm the existence of a broad region of high grade mineralization at shallow depth within the R00E zone and provide us with excellent guidance for the next drill program."
The 2013 winter drill program is now complete, with radon surveying started in February ongoing for as long as ice conditions permit. Some 10,100m of diamond drilling were completed in 46 drill holes. Radioactivity data from all drill holes not previously reported will be released as soon as data compilation and integration is complete. Additional drilling is required to continue to delineate the mineralized area.
Composited U3O8 mineralized intervals are summarized in Table 1 below. Samples from the drill core are split in half on site. Most samples are standardized at 0.5m down-hole intervals. One-half of the split sample is sent to the laboratory for analysis and the other half remains on site for reference.
Seven of the holes reported are located on the central area of the R00E zone, from lines 025W (holes PLS13-026, 027, 029, 031, 033 and 037) and 010W (PLS13-035). All 7 holes intersected uranium assays greater than 0.05% U3O8 over widths greater than 0.5m. Assay results confirm the presence of a relatively flat lying lens of uranium mineralization at shallow depth, that appears to be continuous between drill holes. Hole PLS13-037, the furthest-most hole to the south on line 025W, intersected multiple zones of uranium, including 3 discrete intervals between 60m and 87.5 depth that appear to be correlated with the flat lying mineralization of the other holes on the same section line. In addition there are multiple zones of uranium between 105.0m - 180.5m depth which may be indicative of mineralization associated with a steeply dipping fault system.