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Additional Information
Market: TSX-V
Sector: General Mining
EPIC: FIS
Latest Price: 0.76  (-5.00% Descending)
52-week High: 1.45
52-week Low: 0.49
Market Cap: 76.56M
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Fission Energy
www.fission-energy.com

Fission Energy Corp. (TSX.V-FIS) is a Canadian based uranium exploration and development company with properties in Saskatchewan's Athabasca Basin, Quebec, and the Macusani District in Peru. The Company's shares were spun-out as a distribution by Strathmore Minerals Corp (TSX.V-STM) in 2007. In 2003-04 Fission assembled one of the largest exploration property portfolios in Saskatchewan's Athabasca Basin; home of the richest uranium deposits in the world. Fission's most valuable exploration asset is the Waterbury Lake KEPCO Consortium Joint Venture., which is located in close proximity to Hathor's Midwest NE discovery ("Roughrider Zone")

Full Fission Energy profile here
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Fission Energy to Target Ground near Hathor’s Roughrider Zone Extension Step-Out Hole

24th Apr 2009, 7:51 pm by Sam Kiri
Fission Energy to Target Ground near Hathor’s Roughrider Zone Extension Step-Out Hole
Successful drill results by companies operating in the neighbourhood generally ushers more confidence in properties held by other companies. They also prompt other companies to change their own development strategy. Following the successful results announced by Hathor Exploration (TSX.V: HAT) on its Roughrider Zone uranium discovery, Canadian Venture listed Fission Energy Corp (TSX.V: FIS) and its joint venture partner, the KEPCO Consortium is re-evaluating its exploration program at its Waterbury Lake property.

This exploration project is located adjacent to the Roughrider Zone uranium discovery in the northeast part of the Athabasca Basin, where several open-pit uranium deposits, including Midwest Lake, McClean Lake, and Rabbit Lake, are located. Hathor drilling results helped extend the strike length of the "Roughrider Zone". Of particular significance to Fission is Hathor's step-out hole MWNE-09-116, which "intersected the highest levels of radioactivity was collared approximately 10m from Fission's property boundary with the mineralized interval intersected 50m from the same property boundary.

The location of step-out hole MWNE-09-116, within an interpreted major east-west coincident structural and conductive trend, suggests that the "Roughrider Zone" may extend onto Fission's Waterbury Lake ground. Fission encountered nearby mineralization in several drill holes completed in the Discovery Bay Zone, which is characterized by intense hydrothermal alteration in addition to coincident anomalous geochemistry and radioactivity, during an earlier programme.

Extensive development activity is expected at the Waterbury Lake property and JV partners have budgeted C$4.0 million for exploration in 2009. Fission is the operator of the Waterbury Lake Project.

About Fission Energy Corp
Fission Energy Corp is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Fission’s primary focus is Saskatchewan's Athabasca Basin, home of the richest uranium mines in the world. The majority of the Company's exploration properties here were acquired by staking in 2003-2004. Additional properties are held in Quebec, Alberta, and Peru
 
About Korea Electric Power Corporation (KEPCO)
KEPCO is a Korean government-invested diversified energy company with over $83-billion (U.S.) in assets. The company is involved in the generation, transmission and distribution of electrical power from nuclear, hydro, coal, oil and LNG sources worldwide. Korea Electric Power provides electricity to almost all households in Korea and operates 20 nuclear power plants in the country with six more under development. The company has over 30,000 employees and is listed on the Korean Stock Exchange and the New York Stock Exchange.




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