Fission Energy Corp.


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20-Nov-08
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Mineral Prospecting Permit (MPP) 1188 adjacent to Duddridge Lake in Northern Saskatchewan was acquired by the company in January of 2004. This permit has since been staked into four claims; S-108958, S-108959, S-108960 and S-108961. An additional claim was also staked during this time adjacent to the property; S-108962. The Duddridge Lake Property is located west of La Ronge, within the Wollaston Domain.

La Ronge is a community of more than 2700 and is the supply and services centre for northern Saskatchewan. La Ronge is accessible from Prince Albert north along Highway 2. Prior to reaching La Ronge, a secondary, all-weather road (165) branches northwest off Highway 2 to Besnard Lake and leads to a 16 km road that provides all-terrain vehicle access to the south end of Duddridge Lake. The property is also accessible by helicopter or fixed wing aircraft year round. A turbo Beaver can land on Ivi Lake, Walsh Lake and the small lake to the east of Walsh, but the north end of Duddridge Lake is too shallow and bouldered.

The Duddridge Lake Property is located near the eastern side of the northeast trending Wollaston Domain. The Wollaston Domain is generally comprised of siliciclastic metasediments and minor metavolcanics with inliers of Archean granitoids to the east, the Wollaston Domain is bound by the Needle Falls Shear Zone, a principal crustal structure. Typically, metamorphic grade increases rapidly towards the west, from lower amphibolite facies to upper amphibolite-granulite facies, where the Wollaston Domain borders the Mudjatik Domain. The style of the Duddridge Lake mineralization is similar to the sandstone deposits with uranium found stratabound within hematitic arkose.

During the fall of 2004, a reconnaissance survey and small sediment sampling program was conducted in the area of the previously outlined mineralization. Based on this work, further sampling was recommended as well as a ground electromagnetic survey. In late December 2006, a VTEM electromagnetic survey over the property performed. The intent of the survey was to provide in-fill data and further map conductive horizons and structure associated carbonaceous vein style mineralization within meta-arkose strata.

Historic exploration of the Duddridge Lake area is extensive, and includes mapping, prospecting, airborne radiometric/magnetic/gamma ray spectrometer surveys, geochemical sampling, boulder train sampling, ground magnetometer and radiometric surveys, drilling and a track etch survey. Extensive uranium mineralization was discovered within a boulder train, and geochemical samples returned some anomalous results.

In 1975, Noranda provided a historical resource estimate within this mineralization zone of 357,310 tons at 2.11 lb/ton U3O8 (NI 43-101: Inferred: 0.105 % U3O8., 753,924 lbs/ U3O8.). In 1980, Thor Explorations provided a historic estimate of 6 million tons at 2.0 lb/ton U3O8.

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Duddridge Lake claims
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