The orientation of the mineralized intervals tend to follow that of lithologic contacts, and generally dip steeply to the south. All depths reported of core interval measurements including radioactivity and mineralization intervals widths are not always representative of true thickness. The degree of radioactivity within the mineralized intervals is highly variable and associated with visible pitchblende mineralization. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. The Triple Gamma probe is preferred in zones of high-grade mineralization. In each hole, natural gamma radiation is also recorded in a down-hole survey measured in counts per second (cps) using a Mount Sopris 2GHF-1000 Triple Gamma probe, which allows for more accurate measurements in high grade mineralized zones. Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using either a hand-held RS-230, RS-125 or RS-121 Scintillometer, all manufactured by Radiation Solutions, which are capable of discriminating readings up to 65,535 cps. Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum) Inferred Mineral Resource: 280,000 tonnes at 1.86% U3O8 yielding 11,500,000 lbs U3O8Īt this time, mineral reserves have not been estimated for the R840W zone. Indicated Mineral Resource: 88,000 tonnes at 1.68% U3O8 yielding 3,300,000 lbs U3O8 , the R840W is currently defined using CIM definitions (2014) for mineral resources at a cut-off of 0.25% U3O8 of: Pre-Feasibility Study on the Patterson Lake South Property Using Underground Mining Methods, To the west along strike of the Triple R deposit's R00E zone. Highlight intersections from the drill program include: If assay results and subsequent modeling provide confirmation that the desired hole spacing has been achieved and at acceptable grade, then the R840W zone can be upgraded to Indicated and then considered for inclusion into the Feasibility study. Although the R840W has been used in the global resource estimate for the Triple R, due to it currently being mainly Inferred classification, it was not considered in the economic analysis of the Prefeasibility Study. Largest of five high-grade zones that make up the Triple R deposit. (horizontal / vertical), with the aim of conversion from Inferred to Indicated. The holes successfully targeted specific, mainly "inferred" categorized areas of the R840W zone over ~353m of strike length between holes PLS21-624 and PLS21-631, using step out and infill drilling to achieve spacing of ~15m x As we await confirmation with assay results, we believe this represents a strong validation of our growth strategy as we continue to develop the projectġ00% Hit Rate Majority of Holes Hit High-Grades.Īll 25 holes hit significant mineralization, including 19 with high-grade intercepts. Of strike length of the R840W zone, the majority of which intersected considerable high-grade intervals. We hit mineralization with all 25 holes, testing over The goal was to expand and upgrade this important zone, which is the largest of those not currently included in the Triple R deposit, for potential inclusion in the upcoming feasibility study. Our summer resource drilling at the R840W zone has been very successful. , President and CEO for Fission, commented, " The resource upgrade drilling was conducted in conjunction with the on-going Phase 1 Feasibility work at PLS, focusing on drilling for geotechnical, hydrogeological, geochemical and metallurgical data (see News Release The goal of the summer resource drilling is to upgrade the majority of the R840W zone by decreasing the spacing between drill hole mineralized intercepts with the goal of upgraded to Indicated classification, for Assays are still pending and will be released when received. Of total composite radioactivity >10,000 cps This includes PLS21-624 (line 630W), which intersected It mineralization, with nineteen intercepting significant intervals of >10,000 cps radioactivity. ") is pleased to announce scintilometer results from the summer 2021 "resource upgrade" drill program on the R840W zone at its' PLS project, in the
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