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Fission Energy Corp (TSX-FIS-V) is a Canadian based uranium exploration company that has made an exciting new uranium discovery at its Waterbury Lake Property in the eastern portion of Saskatchewan's Athabasca Basin: Home of the richest uranium deposits in the world. Additional exploration properties are held in the Athabasca Basin, Quebec and Peru.
Waterbury Lake "J-Zone" Uranium Discovery Fission 50% / Korea Waterbury Uranium Limited Partnership 50% Earn-in
In January 2010, Fission announced its "J-Zone" uranium discovery, located immediately west of the Roughrider uranium discovery along a 3 km structure, known as the East-West Corridor. The East-West Corridor continues to the west on the Waterbury Lake Property. By March, drilling extended the "J-Zone's" east-west trending mineralized strike length to approximately 90m X50m wide, north-south. Mineralization is trending to the west and remains open along strike and to the north and south. 21 of 26 drill holes completed in the "J-Zone" to date have intersected mineralization at or near the unconformity for a mineralized intersection success rate of 81%. Plans are underway for a summer drill program which will also test additional high priority targets. Fission's technical team believes there is significant potential for multiple occurrences of high-grade uranium mineralization within this 3 km long East-West Corridor. (See Projects: Waterbury Lake for additional information)
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