www.fission-energy.com
Fission Energy is a Canadian based uranium exploration and development company with properties in Saskatchewan's Athabasca Basin, Quebec, and the Macusani District in Peru.
In 2003-04 Fission assembled one of the largest exploration property portfolios in Saskatchewan's Athabasca Basin; home of the richest uranium deposits in the world. Fission's most valuable exploration asset is the Waterbury Lake KEPCO Consortium Joint Venture., which is located in close proximity to Hathor's Midwest NE discovery ("Roughrider Zone")
Fission Energy extends J-Zone strike length at Waterbury Lake uranium project
Fission Energy (TSX-V: FIS) has extended the strike length of the J-Zone at the Waterbury Lake project in Saskatchewan with five additional step-out drill holes, four of which have intersected radioactive mineralization, including three intercepts totalling 1.9 metres of off-scale radioactivity of over 9,999 cps in hole WAT10-077.
The J-Zone’s strike length has been extended to 55 metres east to west and 35 metres wide from north to south with new drill holes WAT10-074, 075, 076A, 077, and 079.
Other intercepts included 7.5 metres of highly radioactive mineralization including 1.6 metres of off-scale radioactivity in hole WAT10-79, a 3.5m wide interval of highly radioactive mineralization (197.0m-200.5m), including a 0.65m intercept of off-scale hand scintillometer readings in hold WAT10-074 and 2 metres of highly radioactive mineralization, including a 0.4 metres intercept of off-scale radioactivity in WAT10-075.
WAT10-077 is a 15 metre step-out to the west of WAT10-073, WAT10-074 is located 10 metres north of WAT10-072 and WAT10-075 is located 10 metres south of WAT10-073, while WAT10-079 is a 10 metre step-out to the north of WAT10-077.
Hole WAT10-076A, located 15 metres to the south-west of WAT10-077, intersected moderate to strong hematite and chlorite clay alteration around the unconformity, but did not encounter any anomalous radioactivity.
The company has added a second drill rig to the 2010 Waterbury Lake exploration program to assist with testing the 3 km (kilometre) structural corridor, which hosts the J-Zone.
Since the initial discovery hole WAT10-063A was announced in January, an additional fifteen step-out drill holes have been completed at the J-Zone with 13 identifying high levels of radioactivity and high grade uranium mineralization where assay results were received.
Last week, the company announced result form recent drilling at Waterbury, which included a 17 metre interval grading 3.99% U308 (uranium) intersected by hole WAT10-070B, including 7.0m at 7.48% U308 with the maximum identified grade of 20.6% U3O8 over 0.5 metres. In addition, hole WAT10-068, which has extended mineralization approximately 35 metres to the north of hole WAT10-066, intersected 2.50 metres of 2.78% U308, including 1.50 metres grading 4.56% U308.
The J-Zone remains open laterally along strike and width.
