Fission Energy starts field work at Patterson Lake South

Uranium explorer Fission Energy (CVE:FIS) said Monday that a field trenching program is underway at the Patterson Lake South Property, Saskatchewan.
The company and its 50:50 joint venture partner, ESO Uranium (CVE:ESO), have budgeted $800,000 for the current program, which focuses primarily on surface trenching and geophysics, to be later followed by drilling.
Fission said the work will identify the bedrock source of the large 5 kilometre by 0.9 kilometre high grade uranium boulder field, which recently returned assays as high as 39.6% uranium.
A 10 hole, 1,000 metre drill program is planned for late fall 2011. Initial drill targets, based on current and historic compilation of geophysics and drill hole data, have been identified and will be refined based on results of the current trenching and geophysics surveys underway.
Patterson Lake South is accessible by road, with primary access from all weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50 kilometres to the north, currently under active exploration and development.
Fission's shares have rallied considerably since Cameco (TSE:CCO) and Rio Tinto (NYSE:RIO) both made a takover offer for neighbour Hathor Exploration (TSE:HAT), whose Roughrider deposit is located nearby to Fission's Waterbury Lake joint venture.