TSX SYMBOL: FCU
OTCQX SYMBOL:
FCUUF
Feasibility Study Team
Tetra Tech, as lead consultant during the course of the feasibility study, will be supported by Clifton Engineering, a leading engineering and environmental consultancy, which has been retained by Fission to work on the Tailings Management Facility section of the study. In addition,
Summer 2021 Feasibility Study Work Program
72 holes were drilled for engineering and geotechnical purposes. These include:
- 21 holes along proposed decline alignment
- 18 Geotechnical holes along the proposed decline alignment to gather data to be used to confirm decline constructability and final design
- 3 Condemnation holes to confirm location of decline does not intersect mineralized zones or other major geological features that may interfere with decline construction
- 6 holes for Waste Rock Stockpile area (overburden only) to collect geotechnical data for stability assessment of the overburden to be used to confirm waste stockpile design height and slopes.
- 3 holes for area of Mill (overburden only) to collect geotechnical data for stability assessment of the overburden to be used to confirm mill building foundation design.
- 8 holes for Vent Shaft (
Fresh Air andExhaust Air ) including 4 geotechnical holes drilled along each shaft alignment to gather data to be used to confirm shaft constructability and final design. A further 4 condemnation holes were drilled to confirm location of the shafts does not intersect mineralized zones or other major geological features that may interfere with shaft construction - 4 Metallurgical test sample holes as reported in the
September 7, 2021 news release - 3
Rock Mechanic holes as reported in theSeptember 7, 2021 news release - 5 Hydrogeology holes (pumping and water monitoring holes) including 4 holes drilled around the planned decline, and 1 deep well drilled in the R840W zone to collect data required to characterize the hydrogeologic conditions and support hydrogeologic assessments in those areas. This data will be used for determining dewatering rates and impact on groundwater.
- 25 Tailings Management Facility holes (essentially all overburden holes) were drilled within the planned TMF area to collect geotechnical and hydrogeological data to confirm the planned TMF location, support the EIA pathways modelling work, and enable constructability assessment and design work to proceed at a Feasibility Level.
- 1
Camp Area hole (overburden hole) to collect geotechnical data for stability assessment of the overburden to be used to confirm camp building foundation design.
In addition, waste rock and mineralized rock samples were collected from both fresh and historical core samples to conduct assessment of the metal leaching (ML) and acid rock drainage (ARD) potential of mine wastes (i.e., waste rock, low grade ore, and overburden) to be produced during mine life.
PLS Mineralized Trend & Triple R Deposit Summary
Uranium mineralization of the
The R1515W, R840W and R00E zones make up the western region of the
The Company completed and filed a prefeasibility "PFS" study on
Mineralization along the Patterson Lake Corridor trend remains prospective along strike in both the western and eastern directions. Basement rocks within the mineralized trend are identified primarily as mafic volcanic rocks with varying degrees of alteration. Mineralization is both located within and associated with mafic volcanic intrusives with varying degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite. The graphitic sequences are associated with the PL-3B basement Electro-Magnetic (EM) conductor.
Patterson Lake South Property
The 31,039 hectare PLS project is 100% owned and operated by
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
About
ON BEHALF OF THE BOARD
"Ross McElroy"
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 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: risks related to the Offering, risks related to Fission's limited business history, risks related to the nature of mineral exploration and development, discrepancies between actual and estimated mineral resources, risks related to uranium market price volatility, risks related to the market value of the common shares of Fission, risks related to market conditions, risks related to the novel coronavirus (COVID-19) pandemic, including disruptions to the Company's business and operational plans, risks related to the global economic uncertainty as a result of the novel coronavirus (COVID-19) pandemic 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 disclaims 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.
Investor Relations
TF: 877-868-8140
ir@fissionuranium.com
www.fissionuranium.com
SOURCE
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