Fission Uranium (TSX: FCU; US-OTC: FCUUF) is advancing final front-end studies of the Patterson Lake South uranium project in Saskatchewan, ticking off crucial milestones towards a construction decision.
Recently cashed up from a $75-million bought deal financing, Fission this month submitted its draft environmental impact assessment for the project to the Saskatchewan government. CEO Ross McElroy told The Northern Miner’s western editor, Henry Lazenby, during the Prospectors and Developers Association of Canada’s recent Toronto conference that Fission has also restarted drilling at the project in the western Athabasca basin.
“With two drills up there currently testing targets both along strike of the Triple R and also on parallel shear structures, we think we’ve got a good chance of finding more world-class size mineralization,” said McElroy.
The mine plan is focused on developing an underground mine accessed by a decline, using drifting and long-hole stoping methods. Despite being a low-tonnage operation, it is expected to yield over 9 million lb. of uranium yearly due to the high ore grade.
Watch the full interview here:
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