Jun 18 2013
FISSION URANIUM CORP. (the "Company" or "Fission), is pleased to report an update on its exploration program plan for the highly prospective North Shore project, located in the northwest area of the Athabasca Basin in Alberta. The decision to advance exploration plans is a result of the completion of the Alberta Government's Lower Athabasca Regional Plan (LARP).
The North Shore project now consists of 17 Metallic and Industrial Mineral Permits ("MAIM") totaling approximately 55,160 ha. Since December 2010, Fission has been granted a work assessment deferral, pending the results of the LARP Conservation Areas decision. Exploration plans are being advanced for the summer 2013 period, to include a high resolution airborne radiometric survey and followed up by ground prospecting, geophysics, and radon surveys in high priority areas.
Property Highlights include:
- Identification of several anomalous uranium showings in boulders and outcrop, including sandstone boulders grading up to 1.39% U3O8
- Located on the NW edge of the Athabasca Basin, with targets expected to be at shallow depth
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"The completion of the LARP will allow us to advance our exploration at the North Shore project. The North Shore fits with Fission's strategy of exploring high priority shallow exploration targets within and around the world premiere Athabasca Basin uranium district. While our primary focus remains expanding the PLS discovery, there are still many underexplored areas of the Athabasca Basin and we consider this property to be an important land package in our growing portfolio."
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 Ross McElroy, P.Geol. President and COO for Fission Uranium Corp., a qualified person.
FISSION URANIUM CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Fission Uranium Corp's Common Shares are listed on the TSX Venture Exchange under the symbol "FCU".