Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX-V
Sector: General Mining
Epic: .FIS
News: Latest news
Web Site: Fission Energy
Other Articles: 05-03-201024-02-201022-02-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Monday March 15, 11:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
Fission Energy

Fission Energy

Fission Energy Corp. is a Canadian based uranium exploration and development company with properties in Saskatchewan's Athabasca Basin, Quebec, and the Macusani District in Peru. 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 Waterbury Lake KEPCO Consortium Joint Venture, which is located in close proximity to Hathor's Midwest NE discovery ("Roughrider Zone") and the AREVA/Denison Midwest deposits.

CLICK HERE FOR FULL ANLAYSIS OF FISSION ENERGY
Monday, January 25, 2010

Fission Energy surges after reporting significant radioactivity at Waterbury Lake

by Ian Mclelland company news image

Shares in Fission Energy (TSX-V: FIS) soared more than 100% after the junior uranium exploration company reported that the second drill hole in a twenty hole campaign at the Waterbury Lake project had encountered significant radioactivity.

“Hole WAT10-063A was collared at 188 degree azimuth and -75.5 dip to a total depth of 344.0 meters. It is strongly clay altered and locally strongly fractured in the lower 70m above the unconformity. Immediately below the unconformity, the basement rocks are intensely clay and hematite altered,” Fission reported, “An interval of moderate to strong clay alteration can be traced in the basement to 266.2m. The first interval of elevated radioactivity measured from drill core is at 206.5m (300 to 4200 cps) and anomalous radioactivity continues throughout the drill core until 235.5m.”

“The 29.0m wide zone of alteration and elevated radioactivity can be described as >300 cps, with discrete intervals of high radioactivity (>2,500 cps). All intersections are down-hole, core interval measurements and true thickness is yet to be determined.”

Fission Energy cautioned that gamma-ray counts using a scintillometer do not directly or uniformly related to uranium grades, and should only be used a “preliminary indication of the presence of radioactive material.” Nonetheless, investors were clearly excited by the potential implications of the news, especially considering the close proximity of the drill hole to Hathor Exploration’s Roughrider uranium discovery on the adjacent license.

“The mineralization within hole WAT10-063A lies approximately 140m due west of Hathor's westernmost high-grade intersection within Hole MWNE-129 which is reported to have intersected 5.0m grading 15.65% U3O8,” Fission Energy noted, “It is believed that the mineralization in WAT10-063A is part of the same mineralized system reported in holes WAT09-055 (56m to the east of WAT10-063A) and WAT09-056 (47m to the south-east of WAT10-063A) (News Release September 21, 2009). Hole WAT10-063A is the western-most hole drilled within the mineralized Discovery Bay system, and the zone remains open at depth and along strike. This geophysics defined corridor remains prospective for approximately 2.5 to 3 km to the west of Discovery Bay.”

Fission Energy also confirmed that the core from the drill hole will be submitted to SRC Geoanalytical Laboratories for analysis.

The Waterbury Project is being explored by a joint venture between Fission Energy and the KEPCO consortium.
The KEPCO consortium is a group of Korean based companies, including Korea Electric Power, Korea Hydro & Nuclear Power, Korea Nuclear Fuel, Hanwha Corp, and uranium investment company, Gravis Capital.

The joint venture has set a budget of $2.68 million for the winter exploration program, which will include 7,500 meters of drilling (20 holes) and both Induced Polarisation (IP) and Electro-Magnetic (EM) surveys over 93 line kilometres.

AddThis Feed Button
Register here to be notified of future Fission Energy articles.

Other Fission Energy articles


Other Fission Energy news

More news ►

Investors interested in Fission Energy recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.