Wednesday, 2 November 2011

Fission says trenching yields additional off scale uranium boulders at Patterson Lake South

Fission Energy Corp. (CVE:FIS)(OTCQX:FSSIF) and its 50/50 joint venture partner ESO Uranium Corp announced Tuesday that trenching at their Patterson Lake South (PLS) property in Saskatchewan has yielded an additional 49 radioactive boulders, with 19 of them producing "off-scale" radioactive readings.
The readings were measured by a hand-held Exploranium GR-110G total count gamma ray scintillometers. Off scale readings equate to greater than 9,999 counts per second (cps).
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 companies in June.
These latest radioactive boulders occur in the high grade boulder field that has been traced for a north-south length of approximately 5 kilometres by up to 0.9 kilometres wide.
The largest off scale boulder consisted of massive pitchblende with yellow secondary uranium minerals, the companies said, while three other radioactive boulders were too large to remove by hand.
Boulder samples have been submitted for analysis, with assays to be reported when available.
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, Fission and ESO said. Line cutting is now underway in preparation for electromagnetic and induced polarization ground geophysical surveys.
The joint venture is planning a 10 hole, 1,000 metre drill program shortly after the surveys.
PLS is accessible by road, with primary access from all weather Highway 955, which runs north to the former Cluff Lake mine, where more than 60 million pounds of uranium oxide was produced, and passes through the nearby UEX-Areva Shea Creek discoveries located 50 kilometres to the north.

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