Fission, the Operator, Drills Significant Gold in All 3 Zones Including 1.58 g/t Au Over 63.5m

Fission, the Operator, Drills Significant Gold in All 3 Zones Including 1.58 
g/t Au Over 63.5m 
KELOWNA, BRITISH COLUMBIA -- (Marketwired) -- 06/24/13 -- FISSION
URANIUM CORP. (TSX VENTURE:FCU)(FRANKFURT:2FU) ("Fission" or "the
Company"), the operator, and its 50% Joint Venture partner Alpha
Minerals Inc., are pleased to report gold assay results from the
winter 2013 drill program at their Patterson Lake South (PLS)
property - which is host to a high grade uranium discovery. All three
zones (R00E, R390E and R780E) had drill holes with strongly anomalous
gold values. Although there is a strong correlation of uranium and
gold mineralization, the high-grade gold found by the Fission team
occurs frequently, but not always, in areas of higher-grade uranium
mineralization. In addition, not all high-grade uranium intersections
at PLS have anomalous high-grade gold values. 
Gold has been found elsewhere in the Western Athabasca Basin uranium
deposits, notably at nearby Cluff Lake (greater than 60M lbs of U3O8
produced) and Shea Creek. The Saskatchewan Mineral Deposit Index
(reports 1150A and 2153) shows Cluff Lake deposits yielded over
16,000 ounces of gold produced in 1987 from the D Zone and
Dominique-Janine deposit. UEX Corporation reports that locally high
grades of gold are present at the Shea Creek deposits.  
Ross McElroy, President, COO, and Chief Geologist for Fission,
commented,  


 
  "We have shown significant gold-bearing intercepts in all three zones     
  (R00E, R390E and R780E) and, with an aggressive drill program set to      
  start in July, these results are another big step forward for PLS."       

 
The strongest gold-bearing intersection was returned from hole
PLS13-066, the eastern-most hole drilled on the R390E Zone, with an
overall grade of 1.58 g/t Au over 63.5m, and including several higher
grade intervals (including an assay high of 35.6 g/t Au). Future work
to establish patterns of gold distribution is required, particularly
to determine if and how gold-enriched domains can enhance the
potential of the project. 
Gold Assay Highlights  
Zone R00E 


 
--  PLS13-059 (line 030E) 
    --  20.5m (65.5m - 86.0m) @ 1.90 g/t Au 

 
Zone R390E 


 
--  PLS13-066 (line 420E) 
    --  63.5m (82.0m - 145.5m) @ 1.58 g/t Au 
        --  Including 2.5m (88.0m - 90.5m) @ 8.8 g/t Au 
            --  Including an assay (90.0m - 90.5m) of 0.5m @ 35.6 g/t Au 
        --  Including 2.0m (133.0m - 135.0m) @ 7.5 g/t Au 
--  PLS13-051 (line 405E) 
    --  53.0m (95.0m - 148.0m) @ 1.02 g/t Au 
        --  Including 10.5m (107.5m - 118.0m) @ 2.60 g/t Au 

 
Zone R780E 


 
--  PLS13-060 (line 780E) 
    --  7.0m (144.0 m - 151.0m) @ 1.71 g/t Au 
        --  Including 2.5m (146.5m - 149.0m) @ 4.48 g/t Au 

 
Tables 1, 2 and 3 highlight composited gold intersections as they
relate to the composited uranium intervals within zones R00E, R390E
and R780E. Note that a concentration of 1000 ppb is equivalent to 1.0
g/t Au. 
Table 1: R00E Zone 


 
----------------------------------------------------------------------------
      Hole       Grid      From      To Interval   U3O8     Au     As      B
Zone  ID         Line       (m)     (m)      (m)  (wt%)    ppb    ppm    ppm
----------------------------------------------------------------------------
----------------------------------------------------------------------------
R00E  PLS13-026  025W     63.00   84.50    21.50   0.77     73     12   1096
                          73.50   81.50     8.00   1.41    159     13    524
                          88.50   89.50     1.00   0.13      5     22    204
     -----------------------------------------------------------------------
      PLS13-027  025W     61.00   98.50    37.50   1.06     98     20    477
                          78.00   91.00    13.00   1.97     60     27    619
                         106.00  106.50     0.50   0.06      1     12    138
                         144.50  145.00     0.50   0.19     14     11     64
     -----------------------------------------------------------------------
      PLS13-028  090E     48.50   52.50     4.00   0.16     16     62    405
     -----------------------------------------------------------------------
      PLS13-029  025W     63.00   93.00    30.00   0.76     20     25    755
                          81.50   85.00     3.50   3.57     72     62    732
                          88.50   92.00     3.50   2.08     18     53    706
     -----------------------------------------------------------------------
      PLS13-030  090E               No significant mineralization           
      ----------------------------------------------------------------------
      PLS13-031  025W     68.50   92.00    23.50   0.67     14     17    405
                          82.50   90.00     7.50   1.58     24     33    458
     -----------------------------------------------------------------------
      PLS13-032  090E     49.00   50.50     1.50   0.05      5     32    171
     -----------------------------------------------------------------------
      PLS13-033  025W     70.00   72.00     2.00   0.17      4      9    148
                          77.00   77.50     0.50   0.06     11     34    282
                          86.00   87.50     1.50   0.15      5     15    156
                          92.00   93.00     1.00   0.09      2      7    131
     -----------------------------------------------------------------------
      PLS13-034  105E               No significant mineralization           
     -----------------------------------------------------------------------
      PLS13-035  010W     62.00   71.50     9.50   0.39     15     13    316
                          78.00   86.50     8.50   0.96     21     13    489
                          81.00   85.50     4.50   1.57     24     11    443
                         121.50  122.00     0.50   0.07     49      8     95
     -----------------------------------------------------------------------
      PLS13-036  105E               No significant mineralization           
     -----------------------------------------------------------------------
      PLS13-037  025W     60.00   62.00     2.00   0.12      4     30    117
----------------------------------------------------------------------------
                          71.00   78.50     7.50   2.25    744     23    433
                          74.00   76.00     2.00   7.43   1144     29    621
                          83.50   87.50     4.00   0.09   3043      8     62
                         105.00  107.00     2.00   6.31   1124     62    257
                         109.50  110.00     0.50   0.10    167      5     11
                         113.50  116.00     2.50   0.13    103      6     38
                         119.00  122.50     3.50   7.27    839     81    252
                         120.00  122.00     2.00  12.40   1416    117    371
                         124.50  125.00     0.50   0.06     31      7    125
                         130.00  130.50     0.50   0.06     10      7     83
                         180.00  180.50     0.50   0.07    207      3     85
     -----------------------------------------------------------------------
      PLS13-039  045W     75.50   76.00     0.50   0.06      5      2    634
                         125.50  128.50     3.00   0.10     91      6    138
                         161.50  162.00     0.50   0.12   1030      7    115
                         223.00  223.50     0.50   0.05    623     83     62
                         224.00  224.50     0.50   0.07     22     20    163
     -----------------------------------------------------------------------
      PLS13-041  040W     63.50   68.50     5.00   0.13     25     24    502
                          75.00   88.50    13.50   5.54    161     38    592
                          83.50   87.00     3.50  17.08    538     72    626
     -----------------------------------------------------------------------
      PLS13-043  045W     63.50   65.00     1.50   0.99    269     60    269
                          67.50   89.50    22.00   4.80    144     14    594
                          83.50   87.50     4.00  20.73     69     31    613
     -----------------------------------------------------------------------
      PLS13-045  045W     64.00   85.00    21.00   0.23     20     13    251
                          88.00   89.00     1.00   0.07      2     11     78
     -----------------------------------------------------------------------
      PLS13-047  060W     64.50   68.00     3.50   0.18    101     16   2991
                         105.00  105.50     0.50   0.12     55     11     78
     -----------------------------------------------------------------------
      PLS13-049  060W     64.50   83.00    18.50   1.93    198     14    626
                          70.00   72.50     2.50   8.04   1068     42    616
     -----------------------------------------------------------------------
      PLS13-050  060W     63.50   65.00     1.50   0.07      4     14    165
     -----------------------------------------------------------------------
      PLS13-052  015E     62.00   72.50    10.50   0.87    197     38    475
                          62.50   66.00     3.50   2.01     87     81    798
                          75.50   93.50    18.00   3.56    106     56    528
                          84.00   88.50     4.50  11.95    124    172    624
     -----------------------------------------------------------------------
      PLS13-054  015E     68.00   79.50    11.50   0.28    405      9    401
     -----------------------------------------------------------------------
      PLS13-056  015E     62.50   71.50     9.00   0.16     28     12    329
     -----------------------------------------------------------------------
      PLS13-058  010W     63.50   67.50     4.00   0.11     10     26     86
                          70.50   87.50    17.00   0.18      9      8    260
     -----------------------------------------------------------------------
      PLS13-059  030E     55.50   62.00     6.50   3.61    580     58    433
                          56.50   59.00     2.50   8.99    500     75    603
                          65.50   86.00    20.50   8.36   1900     50    518
                          74.50   84.00     9.50  17.78   2338     86    661
     -----------------------------------------------------------------------
      PLS13-065  060E     51.00   53.50     2.50   0.12      3     10    995
     -----------------------------------------------------------------------
      PLS13-067  045E     50.50   52.00     1.50   0.09      2     18    106
----------------------------------------------------------------------------
                          61.50   67.50     6.00   4.63     49     46    615
                          63.50   67.50     4.00   6.86     57     64    726
                         110.00  110.50     0.50   0.05     19      2     33
     -----------------------------------------------------------------------
      PLS13-069  045E     52.00   54.00     2.00   0.29     22     25    441
                          57.50   58.00     0.50   0.05     12      4    356
                          95.00   95.50     0.50   0.05     10     30     39
                         100.50  101.50     1.00   0.06      9      7    207
     -----------------------------------------------------------------------
      PLS13-071  045E               No significant mineralization           
----------------------------------------------------------------------------
Composite Parameters                                                        
  1. Minimum Thickness: 0.50m                                               
  2. Grade Cut-Off: 0.05 U3O8 (wt%)                                         
  3. Maximum Internal Dilution: 2.00m                                       
  4. Interval based on U3O8 cut-off. No cut-off used for gold (Au), arsenic 
     (As) & boron (B).                                                      

 
Table 2: R390E Zone 


 
----------------------------------------------------------------------------
      Hole       Grid      From      To Interval   U3O8     Au     As      B
Zone  ID         Line       (m)     (m)      (m)  (wt%)    ppb    ppm    ppm
----------------------------------------------------------------------------
----------------------------------------------------------------------------
R390E PLS13-038  380E     73.50   74.50     1.00   0.01      6      4    720
                          79.50   80.00     0.50   0.05      0      4    863
                          87.00  121.00    34.00   4.99    446     52    592
                          94.50  107.00    12.50   9.32   1045     75    465
                         126.50  144.00    17.50   0.96   1213     36    427
                         133.00  138.50     5.50   2.07   1559     57    463
                         165.00  168.00     3.00   0.09     79     10    127
                         170.50  171.00     0.50   0.15     56      9    171
                         174.00  181.00     7.00   0.15     94     25    143
     -----------------------------------------------------------------------
      PLS13-044  390E     56.00   73.00    17.00   0.24     21      9    874
                          60.00   61.00     1.00   1.24      6     11   1158
                          77.00   83.00     6.00   0.32     31     19    467
                          86.00   89.50     3.50   0.38    308     13    337
                          96.50  103.50     7.00   0.46    317     11    461
                         101.00  102.50     1.50   1.36    825     20    827
     -----------------------------------------------------------------------
      PLS13-046  390E     96.50   98.00     1.50   0.13      4      4     73
                         127.50  129.00     1.50   0.04      6      1    103
                         206.50  207.50     1.00   0.15    391     49    179
                         239.00  240.00     1.00   0.14    244      7    116
                         243.50  244.00     0.50   0.16    191    105    271
     -----------------------------------------------------------------------
      PLS13-051  405E     76.00   77.00     1.00   0.10      8     94    758
                          79.50   80.00     0.50   0.06     12     16    346
                          95.00  148.00    53.00   6.57   1016     53    701
                         107.50  118.00    10.50  29.26   2603    147    456
                         157.00  159.50     2.50   0.10    205     24    180
     -----------------------------------------------------------------------
      PLS13-053  375E     66.00  115.50    49.50   6.26    556     63    672
                          98.50  104.50     6.00  35.00   3231    170    383
                         120.00  136.50    16.50   2.63   1510     27    486
                         130.00  133.00     3.00  13.19   7228     80    500
----------------------------------------------------------------------------
                         145.00  145.50     0.50   0.14     10     14    152
                         160.50  161.00     0.50   0.09     35     31     57
                         191.50  192.00     0.50   0.07     57      5     98
                         218.50  219.50     1.00   0.07    171      3    163
     -----------------------------------------------------------------------
      PLS13-061  360E     77.00   98.00    21.00   0.26    602     23    633
                          92.50   97.50     5.00   0.75   1946     62    866
                         102.50  103.50     1.00   0.25    206     13    876
                         110.00  133.50    23.50   1.39   1592     26    731
                         126.00  132.00     6.00   4.34   3292     69    601
                         137.50  140.00     2.50   1.17   1313     46    376
     -----------------------------------------------------------------------
      PLS13-062  375E     51.00   55.00     4.00   0.36     15     51    704
                          86.00   98.50    12.50   0.19    357     10    697
     -----------------------------------------------------------------------
      PLS13-064  405E     83.50   84.50     1.00   0.29    104     26    173
                          90.50   91.50     1.00   0.11      4     15    108
                          95.00   96.00     1.00   0.06    709     21    207
                         110.50  121.00    10.50   0.08    456      6   1769
                         125.50  136.00    10.50   0.43    616     38    693
                         130.00  132.00     2.00   1.37   2594     77    710
     -----------------------------------------------------------------------
      PLS13-066  420E     82.00  145.50    63.50   1.15   1580     32    812
                          88.00   90.50     2.50   4.50   8836     75    432
                         101.00  107.50     6.50   2.60   1148     41    802
                         122.00  124.00     2.00   2.14   6481     37    538
                         133.00  135.00     2.00   9.51   7485     92    409
     -----------------------------------------------------------------------
      PLS13-068  390E     96.00  111.00    15.00   0.26     32     11    698
                         116.00  117.00     1.00   0.10     11     12    227
     -----------------------------------------------------------------------
      PLS13-070  390E     85.50   89.00     3.50   0.13     13     68    531
----------------------------------------------------------------------------
Composite Parameters                                                        
  1. Minimum Thickness: 0.50m                                               
  2. Grade Cut-Off: 0.05 U3O8 (wt%)                                         
  3. Maximum Internal Dilution: 2.00m                                       
  4. Interval based on U3O8 cut-off. No cut-off used for gold (Au), arsenic 
     (As) & boron (B).                                                      

 
Table 3: R780E Zone 


 
----------------------------------------------------------------------------
      Hole       Grid      From      To Interval   U3O8     Au     As      B
Zone  ID         Line       (m)     (m)      (m)  (wt%)    ppb    ppm    ppm
----------------------------------------------------------------------------
----------------------------------------------------------------------------
R780E PLS13-048  780E    155.00  164.50     9.50   0.08     16      5    284
                         167.00  173.50     6.50   0.18      9      7    173
                         176.00  177.00     1.00   0.07    117      8     86
     -----------------------------------------------------------------------
      PLS13-055  780E    109.50  114.00     4.50   0.40    692      4    394
                         117.00  118.00     1.00   0.15     32      6     48
                         141.50  145.50     4.00   0.40    563     13    894
                         166.00  176.00    10.00   0.57    265      8    263
                         173.50  176.00     2.50   1.87    704     15    546
                         192.00  192.50     0.50   0.39   1090     18    581
     -----------------------------------------------------------------------
      PLS13-060  780E    133.50  141.00     7.50   0.18     76      7    479
----------------------------------------------------------------------------
                         144.00  151.00     7.00   1.22   1708     12    670
                         146.50  149.00     2.50   3.00   4478     31   1058
                         154.00  156.50     2.50   0.13      6      3    168
                         159.50  175.00    15.50   0.20     51      5    261
                         183.00  189.50     6.50   0.39    275     10    272
                         193.50  196.50     3.00   0.14     86      1    245
                         203.50  209.00     5.50   0.36    247      7    501
                         212.00  217.00     5.00   0.36    628     10    353
                         221.00  226.50     5.50   0.13    141      5     70
                         247.50  248.00     0.50   0.20     65     13     54
                         257.50  258.00     0.50   0.38    331      7    136
----------------------------------------------------------------------------
Composite Parameters                                                        
  1. Minimum Thickness: 0.50m                                               
  2. Grade Cut-Off: 0.05 U3O8 (wt%)                                         
  3. Maximum Internal Dilution: 2.00m                                       
  4. Interval based on U3O8 cut-off. No cut-off used for gold (Au), arsenic 
     (As) & boron (B).                                                      

 
Other geochemical data showed low arsenic values associated with the
uranium mineralization represented in the set of 117 composited assay
intervals reported in this news release (Tables 1, 2, and 3). This
has important metallurgical significance as it indicates that the PLS
mineralized zones are not likely to have the high arsenic
concentrations found in some Athabasca uranium deposits. High arsenic
may require special processing and disposal costs. Approximately
87.2% of the samples returned less than 50 ppm arsenic. Of the 12.8%
of the remaining samples, all fell within the range of 50-105 ppm
arsenic.  
Of significance for the further exploration of the PLS
mineralization, this data set also flags the strongly anomalous boron
associated with uranium mineralization. Approximately 70.9% of the
composited assay intervals show values of over 150 ppm boron, which
is typically related to the hydrothermal alteration that is present
within and surrounding the uranium mineralization. The extent of the
alteration halo around the mineralization can enlarge the target area
and be used as a gu
ide to focus on an area in a suitable geophysical
setting, especially if elevated geochemical uranium values are
associated with this alteration. Several such targets remain on the
PLS property yet to be drill tested, particularly west of the R00E
zone along the PL-3B EM conductor. 
Split core samples were submitted to SRC Geoanalytical Laboratories
(an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for
assay analysis, which includes a 63 element ICP-OES, uranium by
fluorimetry (partial digestion), and boron. Samples within
mineralized intervals and any samples which return greater than
500ppm U, are assayed for weight % U3O8, as well as fire assayed for
gold. All depth measurements reported, including sample and interval
widths are down-hole, core interval measurements and true thickness
are yet to be determined. 
Patterson Lake South Property  
Fission is Operator of the PLS exploration project, which is a
50%/50% Joint Venture held with Alpha Minerals Inc. 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, currently under active
exploration and development.  
Updated assay tables can be found on the Company's website at
http://www.fissionuranium.com/projects/patterson-lake-south-sk/. 
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 Energy Corp., a
qualified person.  
About Fission Uranium Corp.  
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. Common Shares are listed on the TSX Venture
Exchange under the symbol "FCU".  
ON BEHALF OF THE BOARD  
Ross McElroy, President and COO 
Cautionary Statement: Certain information contained in this press
release constitutes "forward-looking information", within the meaning
of Canadian legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur", "be achieved"
or "has the potential to". Forward looking statements contained in
this press release may include statements regarding potential
spin-out and listing of Fission Uranium and the future operating or
financial performance of Fission and Fission Uranium which involve
known and unknown risks and uncertainties which may not prove to be
accurate. Actual results and outcomes may differ materially from what
is expressed or forecasted in these forward-looking statements. Such
statements are qualified in their entirety by the inherent risks and
uncertainties surrounding future expectations. Among those factors
which could cause actual results to differ materially are the
following: market conditions and other risk factors listed from time
to time in our reports filed with Canadian securities regulators on
SEDAR at www.sedar.com. The forward-looking statements included in
this press release are made as of the date of this press release and
the Company and Fission Uranium disclaim any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable securities legislation. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Fission Uranium Corp.
Rich Matthews
Investor Relations
TF: 877-868-8140
rich@fissionuranium.com
www.fissionuranium.com
 
 
Press spacebar to pause and continue. Press esc to stop.