#FISSION URANIUM DRILL RESULTS UPDATE#

The following Management's Discussion and Analysis ('MD&A'), prepared as of March 18, 2022, should be read in conjunction with the audited financial statements and accompanying notes of Fission Uranium Corp. It does not store any personal data.(Expressed in Canadian dollars, unless otherwise noted) The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category 'Performance'. This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category 'Necessary'. The cookie is used to store the user consent for the cookies in the category 'Other. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category 'Functional'. The cookie is used to store the user consent for the cookies in the category 'Analytics'. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. On September, 2022, Fission Uranium shares closed unchanged at 85 cents and currently trade in a 52-week range of $1.25 and 56 cents. Analysts say higher uranium prices and the continually increasing focus on green energy is shining the spotlight on exploration companies like Fission Uranium.

#FISSION URANIUM DRILL RESULTS UPDATE#

The resource update comes amid signs that a new uranium bull market is under way, a scenario that is expected to boost demand for the radioactive metal. It outlines an underground-only mining scenario for PLS which to date has only considered the R00e and R780E zones. The company released a pre-feasibility study for the PLS property in November, 2019. Areva Shea Creek discoveries located 50 kilometres to the north. Arrow deposit located 3.0 kilometres to the east and UEX Corp.

The 31,039-hectare Patterson Lake Project is accessible by road with the primary access from all-weather Highway 955, which runs north of the former Cluff Lake mine and passes the NexGen Energy Ltd. Of the 838 holes drilled on the PLS property, 696 covering 213,969 metres were used for the mineral resource estimate. “The increased resource estimate of the Triple R deposit at PLS will play an important role in the calculations used for the feasibility study, the results of which are expected by year end,’’ said Fission President and CEO Ross McElroy. The new larger resource is primarily due to the successful infill drilling program s on the R780E and R840W zones from 2019 to 2021 and will be fundamental to the feasibility study, including life of mine calculations and processing schedule. The latest estimate includes the R151W, R840W, ROOE, R780E and R1620E zones. The total inferred resource stands at 653,000 tonnes of grade 1.10% U308 and 0.44 g/t gold or 15.4 million pounds of contained uranium and 9,000 ounces of gold On Monday, the company said total indicated tonnes have increased by 21.3% (472,000 tonnes) compared to a previous estimate released in September, 2019, with an associated increase of approximately 12.3% in contained U308 and a minor decrease in grade from 2.10% U308 to 1.94% U308.Īs of May 17, 2022, the indicated resource stands a 2.68 million tonnes of grade 1.94% U308 and 0.61 g/t gold or 114.9 million pounds of contained uranium and 52,700 ounces of gold. In 2020, the Athabasca Basin accounted for approximately 8.1% of the global primary uranium production.

The project is located in Saskatchewan’s Athabasca Basin, the world’s richest uranium region. Fission Uranium Corp. has released the results of an updated resource estimate for the Triple R deposit at its at its 100%-owned Patterson Lake South (PLS) property in Saskatchewan.įission has previously said the Triple R uranium deposit has the potential to become one of the lowest cost uranium mining operations in the world.

Fission uranium drill results