![]() ![]() The plan is for Triple R to be an open-pit mine (see above left for visualization), a fact that Fission Chairman and CEO Dev Randhawa highlighted during the trip to PLS. Average operating expenses are estimated at C$16.50 per pound over the life of the mine, and CAPEX stands at $1.1 billion. The PEA for Triple R points to a mine life of 14 years and annual production of 13 million pounds of U3O8 per year for six years that will be followed by an average of 3 million pounds of U3O8 per year for eight years. Located in the renowned Athabasca Basin uranium district, PLS hosts the longest mineralized trend in the district and the Triple R is the only existing major, high-grade deposit in the region found at shallow depth. Announces Participation in Red Clouds 2022 Very Pre-PDAC Mining. Fission Uranium is developing the high-grade, near-surface Triple R uranium deposit part of the multiple award-winning PLS project. 49.0m total composite mineralization over a 162.5m section (between 111.0m to 273.5m), including Real-Time News, Market Data and Stock Quote for Fission Uranium.85.5m total composite mineralization over a 148.5m section (between 104.0m to 252.5m), including. ![]() Results from the first two holes have already been released - highlights are as follows: Hole PLS17-562 (line 1545W): The company also plans to complete a prefeasibility study for Triple R between Q4 2018 and Q4 2019, and recently began a summer drill program focused on growing the R1515W zone and accelerating progress toward the prefeasibility stage. By Dev Randhawa at the conference Vancouver Resource Investment. Its primary asset is the 100 owned Patterson Lake South property that consists of 17 contiguous mineral claims covering an area of 31,039 hectares located in the Athabasca Basin region of Saskatchewan. Video of The Worlds Most Rewarded Uranium Explorer - Fission Uranium Corp. Click here for a map of the zones.Ĭlick here for a writeup and photos from our 2016 visit to Fission’s PLS project. engages in the acquisition, exploration, and development of uranium resource properties in Canada. The current resource estimate for Triple R includes only the R00E and R780E zones, but by Q4 2017 Fission expects to release an update that accounts for three more zones: R840W and R1620E and R1515W. ![]() The first major discovery at the project was made in 2013, and since then Fission has gone on to release a resource estimate and preliminary economic assessment (PEA) for the project’s Triple R deposit. The 5 analysts offering 12-month price forecasts for Fission Uranium Corp have a median target of 1.11, with a high estimate of 1.70 and. Located 30 miles from the Alberta border off Highway 955, PLS is in the advanced stages of exploration. During a visit to the company’s Patterson Lake South (PLS) project in Saskatchewan’s Athabasca Basin, INN received a tour of the property, saw the latest core samples and spoke with key players at Fission. Top Battery Metals Stocks on the TSX and TSXVįission Uranium (TSX: FCU) is having a busy summer, and last week the Investing News Network (INN) got the chance to experience part of it firsthand. ![]()
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