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  • Fission Energy starts ground work at Patterson Lake South 0 comments
    Jun 6, 2011 4:01 PM | about stocks: FIS

    Fission Energy Corp. (CVE:FIS), a Canadian-based uranium exploration company, reported Monday that it has begun ground work on its Patterson Lake South Property, in Saskatchewan.

    Patterson Lake South is a fifty-fifty joint venture held with junior mineral exploration company ESO Uranium Corp (CVE: ESO).

    The project encompasses an area of 13,497 hectares over 12 mineral claims on the southwest margin of the Athabasca Basin in Broach Lake – Patterson Lake area.

    An on-ground radiometric survey will be conducted over an area indicating strong anomalous historical values, coincident with an extension of the Patterson corridor.

    In addition, a geochemical survey will be completed over a 900 meter radioactive boulder train, which was identified by a magnetic and radiometric survey completed in October 2009.

    The airborne radiometric anomaly extends to the south of the original claim boundary, flanked by three lake sediment samples that showed significant amounts of cobalt, nickel and arsenic of values, typical of Athabasca Basin uranium deposits.

    In addition, uranium values of up to 3.5 parts per million were also seen in samples reported by the Geological Survey of Canada in 1976, suggesting a source in bedrock close to the sub-surface.

    In 2010, additional staking was carried out by the Fission-ESO joint venture to cover this extension.

    After data has been compiled and a full review of the results has been undertaken, further work will be planned, the company said.

    Themes: TSX-V Stocks: FIS
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