QualityStocks'  Instablog

Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Fission Energy Corp. (FIS.V) Is “One To Watch” 1 comment
    Mar 2, 2012 12:41 PM | about stocks: FIS

    Fission Energy Corp. is a Canadian-based resource company that lists on the TSX Venture Exchange. The Company specializes in the strategic acquisition, exploration, and development of uranium properties. Fission has properties in Saskatchewan's Athabasca Basin, Quebec, and the Macusani District in Peru. In 2010, Fission made a significant high-grade uranium discovery at their Waterbury Lake property. In 2011, they made a high-grade boulder field discovery at their Patterson Lake South property. Fission Energy has their headquarters in Kelowna, British Columbia.

    Fission Energy's primary exploration focus is Saskatchewan's Athabasca Basin, home of the richest uranium mines in the world. The Company acquired the majority of their exploration properties here by staking in 2003-2004. The Company is actively exploring at two core projects in the Athabasca Basin. One is their flagship Waterbury Lake project; the other is their emerging Patterson Lake South project (PLS). A third significant project, Dieter Lake, is in the Province of Quebec.

    Concerning the Waterbury Lake property, Fission majority owns the project (60 percent) in a Joint Venture with a Korean Consortium through KEPCO. The project is a west continuation of Rio Tinto's Roughrider deposits. The Preliminary NI 43-101 resource is Indicated 7,367,000 lbs. based on 168,000 tonnes averaging 1.99 percent. The Inferred is 1,511,000 lbs. based on 150,000 tonnes averaging 0.46 percent.

    Concerning the PLS project, a fall follow-up trenching program provided further anomalous field measurements. A total of 123 radioactive boulders with assays as high as 36.6 percent U3O8 have been located. An 838m, seven hole diamond drill program took place in November-December 2011 and lab results are pending. An expanded $2.76-million, winter 2012 drill and geophysical program is currently in progress at the PLS property.

    This week, Fission Energy and their 50 percent Joint Venture (JV) partner ESO Uranium Corp. announced that a 14 hole, 2,100m drill program will begin soon at the PLS Property, located in the southwest part of Saskatchewan's Athabasca Basin. This program is a continuation of last year's efforts to locate the bedrock source area of the high-grade uranium boulder field discovery, believed to occur below the unconformity in a basement-hosted system.

    The JV further reports that a property scale airborne VTEM magnetic and electromagnetic survey is now 100 percent complete. Fission is the Operator of the PLS exploration project. PLS is accessible by road with primary access from all weather Highway 955, which runs north to the former Cluff Lake mine, (greater than 60M lbs of U3O8 produced), and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north.

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: FIS
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • phaedo2000
    , contributor
    Comments (230) | Send Message
    I hope you bought your own advice on this one
    6 Jan 2013, 01:01 AM Reply Like
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.