Fission Uranium Corp. announced that preparations are underway for a two-prong drill program at its PLS high-grade uranium project in Canada'sthabasca Basin with concurrent regional exploration as well as deposit upgrading. A 15-hole (6,650m) regional drill program will follow up on the highest priority target areas identified during the recent winter exploration program. Additionally, a 19-hole (5,830m) program will focus on in-fill drilling the R1515W high-grade zone with the primary goal of upgrading the resource classification of the majority of the zone's Inferred Resources to Indicated for inclusion of the R1515W in the current mine plan. Drilling is expected to commence in early May. Regional Exploration Target Area and Drill Program Details: Saloon Target (5 holes). Located 4.8 km southwest of Triple R, a minimum of five drillholes will continue to test a parallel shear zone to that which hosts the Triple R deposit. Drilling will follow up on encouraging geology intersected in PLS24-649, including silicified hanging wall, underlain by a thick sequence of graphite, chlorite, clay and hematite altered gneissic rocks, which is interpreted to be equivalent to the Triple R host rocks, coincident with prospective geophysical features. Drilling at the R1515W zone will consist of 19 drillholes totaling 5,830m. The R1515W zone contains an Indicated Resource of 67,000 tonnes at an average grade of 1.15% U3O8 totaling 1.7 million lb U3O8 and an Inferred Resource of 234,000 tonnes at an averagegrade of 0.96% U3O8 totaling 5 million lb. The objective of R1515W drilling will be to convert areas of the R1515W zone currently classified as Inferred Resources to Indicated Resources through closely spaced drilling, potentially allowing it to be brought into the current mine plan. Planned drillhole pierce point spacing at the R 1515W zone to upgrade the resource classification will be approximately 25m by 15m, grid north-south by grid east-west, respectively. Additionally, critical geotechnical and hydrogeological information will be collected at the R1515W zones, to be used in the assessment of viability of inclusion in the overall PLS project mine plan and schedule. PLS Mineralized Trend & Triple R Deposit Summary: Uranium mineralization of the Triple R deposit at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling over 3.18 km of east-west strike length in five separated mineralized "zones", which collectively make up the Triple R deposit. From west to east, these zones are R15W, R840W, R00E, R780E and R1620E. The R1515W, R840W and R00E zones make up the western region of the Triple R deposit and are located on land, where overburden thickness is generally between 55m to 100m. R1515W is the westernmost of the zones and is drill defined to 90m in strike length, 68m across strike and 220m vertical and where mineralization rem ains open in several directions. R840W is located 515m to the east along the strike of R151515W. and has a drill-defined strike length of 430m. R00E is located 485m to the east along strike of R840W and is drill defined to 115m in strike length. The R780E and R1620E zones make up the eastern region of the Triple R deposit. Both zones are located beneath Patterson Lake, where water depth is generally less than six metres, and overburden thickness is generally about 50m. R780E is located 225m to the east of R00E and has a drill-defined strike length of 945m. R1620E is located 210m along strike to the east of R780E and is drill defined to 185m in strike length.
Mineralization along the Patterson Lake Corridor trend remains prospective along strike in both the western and eastern directions. Basement rocks within the mineralized trend are identified primarily as mafic rocks with varying degrees of alteration. Mineralization is both located within and associated with mafic intrusives with varying degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite. The graphitic sequences are associated with the PL-3B basement Electro-Magnetic (EM) conductor.