Fission 3.0 Begins Hunt for Source of the High-Grade Uranium Boulder Train at Hearty Bay
Initial programs to identify targets for follow up drilling
(PresseBox) - FISSION 3.0 CORP. (?Fission 3? or ?the Company? - https://www.commodity-tv.net/c/search_adv/?v=298932 ) is pleased to announce work programs for its Hearty Bay and Wales Lake projects in the Athabasca Basin region of Saskatchewan, Canada. Both projects are prospective for hosting high-grade uranium and the work programs will be used to identify high-priority areas for drill testing. At Hearty Bay, experts in glaciology and geomorphology will conduct a 10-day surface-based program with the goal of discovering the potential source of parallel high-grade boulder trains with values up to 3.54% U3O8. A similar approach was used by Fission Uranium prior to discovering the major, high-grade deposit at PLS in the Athabasca Basin. At Wales Lake, airborne and ground geophysics surveys will be used to identify conductive trends similar and parallel to those in the Patterson Lake Corridor, which host the nearby Triple R (Fission Uranium Corp) and Arrow (NexGen Energy Ltd.) high-grade uranium deposits.
Hearty Bay: 10-Day Surficial Geological Program
Glaciology and Geomorphological Work: Fission 3 will investigate the Isle Brochet uraniferous boulder trains located within the Hearty Bay project, using similar techniques to those employed by Fission Uranium prior to making the discovery at PLS.
In addition, a lake bottom spectrometer and marine acoustic survey will be conducted by Special Projects Inc. to help trace the boulder train below the lake and also to understand bedrock structures. The Budget Estimate for the S2019 Program at Hearty Bay is $620,000.
About Hearty Bay: The 100% owned Hearty Bay property comprises 3 mineral claims with an area of 6,881 ha. main ice direction and containing up to 3.54% uranium. Approximately 600 metres to the northeast several more radioactive boulders of both sandstone and basement origin were discovered. Historic drilling proximal to these boulders did not intersect any significant radioactivity, the source remains sca Basin, some of which led to the discovery of significant uranium deposits (i.e. Key Lake, Midwest).? The discovery by Fission Uranium Corp. of the Triple R deposit in 2012 was also made as a result of the definition, from a high resolution airborne radiometric survey, of a radioactive boulder train SW of Patterson Lake.
Wales Lake: Airborne and ground geophysics
Airborne VTEM Survey: Geotech Airborne Geophysical Surveys has been contracted to complete a total 1,072 line-km of an airborne helicopter VTEM (Versatile Time Domain Electromagnetic) Max and Magnetic survey over Block B (663 line-km) and east side of Block C (409 line-km).allel to those in the Patterson Lake Corridor.
Ground Geophysics: Discovery International Geophysics Inc. recently completed a 3.5 line-km ground SMLTEM (Small Moving Loop Time Domain Electromagnetic) survey over the eastern part of Block A.
About Wales Lake: The 100% owned Wales Lake property is located in the south-west Athabasca Basin region ~25km to 30km west and south of Fission Uranium Corp?s flagship high-grade Triple R uranium deposit on the PLS property.shallow depth basement hosted target areas outside of the margin of the Athabasca Basin.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol. Chief Geologist and COO for Fission 3.0 Corp., a qualified person.
About Fission 3.0 Corp.
Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "FUU? and trade on the OTCQB marketplace in the U.S. under the symbol ?FISOF?.
Cautionary Statement: Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3 Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
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Datum: 10.07.2019 - 01:29 Uhr
Sprache: Deutsch
News-ID 1550585
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