Wednesday, September 28, 2016

Fission Uranium Corp. - FCU.t

Fission Uranium Corp. - FCU.t is a Canadian-based uranium exploration company operating in Canada's Athabasca Basin.

In late 2013, Fission Uranium consolidated 100% ownership of the PLS Property, where a high-grade uranium discovery was made in 2012, by acquiring all of the outstanding shares of Alpha Minerals Inc.

The PLS Property, which now comprises seventeen mineral claims totaling 31,309 ha, is Fission Uranium’s flagship.

On September 26, 2016 the company released NEWS

"FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce that assay results confirm new high grade mineralization at two zones presently outside of the Triple R resource area (R840W, R1620E) at its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. The assay results include hole PLS16-485 on zone R1620E (line 1515E) with 7.5m @ 12.90% U3O8 within a larger interval of 17.0m @ 5.76% U3O8. The wide, high-grade mineralization encountered at both zones, highlights the strength of 2.63km mineralized trend at PLS - the largest in the Athabasca Basin region.