About Us
About Us
About Us
Fission's primary exploration focus is Saskatchewan's Athabasca Basin, home of the richest uranium mines in the world. In addition, the Dieter Lake deposit, located in Quebec, is a significant uranium property with a large tonnage, low grade, NI 43-101 compliant Inferred resource. The majority of the Company's exploration properties in these two regions were acquired by staking in 2003-2004. Additional properties are held in Alberta (western margin of the Athabasca Basin) and Peru.
Active Projects in Saskatchewan and Quebec
Fission is actively exploring at two core projects in the Athabasca Basin: (1) its flagship Waterbury Lake project; and (2) its emerging Patterson Lake South project ('PLS'); (3) A third significant project, Dieter Lake, is located in Quebec.
Waterbury Lake, Athabasca Basin, SK
In January 2010, Fission made its significant Waterbury Lake J Zone high grade uranium discovery, located immediately adjacent to Hathor Exploration's Roughrider Deposit. To date the J Zone's east-west mineralized strike length has been successfully expanded to ~578m x up to ~50m. In March 2011, the Company intersects the strongest high grade uranium intersection to date in the western part of the J Zone: 14.5m grading 7.84% U3O8, including 2.0m of 46.15%U3O8. Go to the Projects-Waterbury Lake tab on this website for a complete summary of this exploration project.
"PLS", Athabasca Basin, SK
In July 2011, Fission made a high grade uranium boulder field discovery at its PLS Property. Since July, 123 radioactive boulders have been found with assays as high as 36.6% U3O8. The project has been advanced to the drill stage. Go to the Projects- Patterson Lake South tab on this website for a complete summary of this exploration project.
Dieter Lake, Quebec
Previous exploration at Dieter Lake was carried out by Uranerz Exploration and Mining (Germany) in the 1970s and 1980s. Fission acquired the Dieter Lake deposit by staking in 2004, and additional ground was staked in 2011. The deposit has a NI 43-101 Inferred resource totaling 24,424,000 lbs U3O8 based on 19,313,000 tonnes at an average grade of 0.057% U3O8 (Davis and Guo, 2005; Davis, 2011). Exploration will continue in 2012. Go to the Projects- Dieter Lake tab on this website for a complete summary of this exploration project.
The NI 43-101 resource estimate for Dieter Lake was taken from the NI 43-101 report entitled "Technical Report on the Dieter Lake Property, Quebec, Canada", dated October 7, 2011, and prepared by C.F. Davis, P.Geo., Professional Geoscientist, Ontario, Practicing Member 1072, a qualified and independent person under National Instrument Policy 43-101. It should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability as defined by the NI 43-101 guidelines. The technical information has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Ross McElroy, President & Chief Operating Officer for Fission Energy Corp., a Qualified Person under National Instrument 43-101.
Fission's primary exploration focus is Saskatchewan's Athabasca Basin, home of the richest uranium mines in the world. In addition, the Dieter Lake deposit, located in Quebec, is a significant uranium property with a large tonnage, low grade, NI 43-101 compliant Inferred resource. The majority of the Company's exploration properties in these two regions were acquired by staking in 2003-2004. Additional properties are held in Alberta (western margin of the Athabasca Basin) and Peru.
Active Projects in Saskatchewan and Quebec
Fission is actively exploring at two core projects in the Athabasca Basin: (1) its flagship Waterbury Lake project; and (2) its emerging Patterson Lake South project ('PLS'); (3) A third significant project, Dieter Lake, is located in Quebec.
Waterbury Lake, Athabasca Basin, SK
In January 2010, Fission made its significant Waterbury Lake J Zone high grade uranium discovery, located immediately adjacent to Hathor Exploration's Roughrider Deposit. To date the J Zone's east-west mineralized strike length has been successfully expanded to ~578m x up to ~50m. In March 2011, the Company intersects the strongest high grade uranium intersection to date in the western part of the J Zone: 14.5m grading 7.84% U3O8, including 2.0m of 46.15%U3O8. Go to the Projects-Waterbury Lake tab on this website for a complete summary of this exploration project.
"PLS", Athabasca Basin, SK
In July 2011, Fission made a high grade uranium boulder field discovery at its PLS Property. Since July, 123 radioactive boulders have been found with assays as high as 36.6% U3O8. The project has been advanced to the drill stage. Go to the Projects- Patterson Lake South tab on this website for a complete summary of this exploration project.
Dieter Lake, Quebec
Previous exploration at Dieter Lake was carried out by Uranerz Exploration and Mining (Germany) in the 1970s and 1980s. Fission acquired the Dieter Lake deposit by staking in 2004, and additional ground was staked in 2011. The deposit has a NI 43-101 Inferred resource totaling 24,424,000 lbs U3O8 based on 19,313,000 tonnes at an average grade of 0.057% U3O8 (Davis and Guo, 2005; Davis, 2011). Exploration will continue in 2012. Go to the Projects- Dieter Lake tab on this website for a complete summary of this exploration project.
The NI 43-101 resource estimate for Dieter Lake was taken from the NI 43-101 report entitled "Technical Report on the Dieter Lake Property, Quebec, Canada", dated October 7, 2011, and prepared by C.F. Davis, P.Geo., Professional Geoscientist, Ontario, Practicing Member 1072, a qualified and independent person under National Instrument Policy 43-101. It should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability as defined by the NI 43-101 guidelines. The technical information has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Ross McElroy, President & Chief Operating Officer for Fission Energy Corp., a Qualified Person under National Instrument 43-101.