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Fission 3.0 expands uranium exploration landholdings

11th December 2015

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

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TORONTO (miningweekly.com) – Uranium project generator Fission 3.0 has added nine new properties and expanded eight existing properties by claim staking in the Athabasca basin straddling the West Canadian provinces of Saskatchewan and Alberta.

The TSX-V-listed explorer on Thursday said its continued objective was to stake areas with the potential for hosting high-grade uranium deposits and then use the specialised techniques that led to the successful high-grade discovery at Fission Uranium's Patterson Lake South (PLS) project.

The nine new properties were Wales Lake, Black Birch, Dixon Island, American Lake, Minor Bay, Kendel Island, McDonald Creek, Run Lake and King Lake.

"Following extensive evaluation and highly targeted staking, Fission 3.0 has further enhanced its already strong exploration portfolio in the Athabasca basin region. Our award-winning technical team is also making good progress with early-stage exploration work on a number of the company's high-priority projects as we explore for near-surface uranium mineralisation in the world's leading high-grade uranium district,” COO Ross McElroy stated.

Fission 3.0 expected to use its groundbreaking approach to radon surveys, underwater spectrometer analysis and its patent-pending radiometric airborne survey – the same technology used to identify the high-grade boulder field at PLS – to look for more high-grade uranium mineralisation.

The company now had 27 projects, comprising 343 116 ha. Twenty-six of the projects were located in the Athabasca region and one in Peru.

The newly acquired properties and additions to existing properties were all in Saskatchewan and were all located in geologically prospective areas either outside and bordering the Athabasca basin, or within, but near the basin edge, the company advised.

The company believed properties located at these locations had the potential to host shallow near-surface, high-grade uranium mineralisation.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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