Fission uranium drill results generator#

All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are 'forward-looking statements.' These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. This news release contains certain forward-looking statements within the meaning of applicable securities laws. The Company is based in Vancouver, BC and holds an option over the Whitewater Property located in the Slocan Mining Division, Kaslo, British Columbia.įor more information, investors should review the Company's filings that are available at Forward Looking Statements Traction is a mineral exploration company with an objective to locate and develop economic mineral properties. Fission 3 is currently planning a winter exploration/drill program on its PLN project. Several of Fission 3's projects are near large uranium discoveries, including, Arrow, Triple R and Hurricane deposits.

Fission 3 currently has 16 projects in the Athabasca Basin.

Fission uranium drill results generator#

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 Raymond Ashley, P.Geo., Vice President, Exploration of Fission 3.0 Corp., a Qualified Person.įission 3 is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of world's largest high grade uranium discoveries. The western portion of the property captures most of the conductive Horse Trend. The two main NE -trending conductive corridors on the property are referred to as the western Horse Trend and the eastern Liberty Trend. The Key Lake mine, located ~50 km to the east of the property is accessible by Provincial Highway 914, serviced by the provincial power grid, and has an operating mill where the McArthur River ore has been processed.įission 3 summer drilling is planned along section, and along strike from encouraging historic drilling results, including anomalous uranium geochemistry, by Uranerz Exploration and Mining Limited in the 1980's and JNR Resources Inc. To the west of the property, the Centennial deposit is localized along the NE-trending Virgin River conductive corridor which transects the entire Athabasca Basin. The major uranium deposits in the eastern Athabasca Basin, including Key Lake, McArthur River and Cigar Lake, are along the NE-trending Wollaston-Mudjatik transition zone and conductive corridor. The Lazy Edward Bay property is located halfway between Cameco's Key Lake Mine and the high grade Centennial uranium deposit, and hosts NE-trending conductive corridors similar to those associated with Key Lake and Centennial. Traction will fund the work program and Fission 3 will conduct the work program in accordance with the terms of the Option Agreement between Fission 3 and Traction, whereby Traction can acquire up to a 70% interest in the Lazy Edward Bay property.

Located near the southern edge of the Athabasca Basin, the targets are at relatively shallow depths, with the Athabasca sandstone ranging to depths of approximately150 m where present. The budget for the program is set at $1.5M with plans to drill 8 diamond drill holes totalling approximately 2000 m to follow up on historic drilling results with several indicators for uranium mineralization. The drilling/exploration program started on May 17 th. ('Traction') in regards to the Option Agreement with Traction for the Lazy Edward Bay property, comprised of 7 mineral claims covering approximately 11,173 hectares. ( TSXV: FUU) ( OTCQB: FISOF) (' Fission 3') is pleased to announce it has received $1.5 million from Traction Uranium Corp. Kelowna, British Columbia-(Newsfile Corp.