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FISSION URANIUM CORP & Alpha Minerals Announce Discovery of a Sixth Mineralized Zone R600W

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Core Tip: FISSION URANIUM CORP. (TSX VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") the Operator, and its Joint Venture partner Alpha Minerals Inc. are pleased to

FISSION URANIUM CORP. (TSX VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") the Operator, and its Joint Venture partner Alpha Minerals Inc. are pleased to announce the discovery of a sixth mineralized zone (R600W), following the results of two holes drilled on line 600W on its' PLS property in the Athabasca Basin, Saskatchewan. Of note is hole PLS13-118, which intersected 21.5m total composite mineralization 530 grid west of the initial discovery zone R00E. The new zone is considered a substantial achievement and a high priority for follow up. Additional drilling, part of the ongoing $9.2M, 49 hole, 14,700m drilling and ground geophysics survey program will therefore focus on this new zone.

Ross McElroy, President, COO, and Chief Geologist for Fission, commented, "The discovery of this new zone is a tremendous mark of progress for PLS. 530m is a particularly large step-out and a successful hit of this size not only highlights the continued success of Fission exploration methodology but confirms the ongoing growth of project's potential. It's important to note that R600W is wide open for further exploration and our team is planning a strong follow up."

R600W Zone:

The R600W zone discovery was the result of follow-up by drilling of a radon in sediment anomaly identified during the summer program. The radon anomaly is located between 540W and 630W and may be associated with inferred north-south cross cutting structures. This anomaly lies along an ENE trend, parallel and just north of the PL-3B EM conductor.

Hole PLS13-116 (line 600W) was collared as an angled drilled at an azimuth of 336 and a dip of -74 and completed to a depth of 323.0m. A narrow interval of weakly anomalous radioactivity was intersected from 143.0m to 144.0m within a chlorite altered semipelitic gneiss. Basement bedrock was encountered at 106.4m below the surface. The basement lithology is comprised predominantly of semipelitic gneiss with alternating narrow sequences of pelitic gneiss. Interpretation suggested that the stratigraphic sequence encountered was north of the desired dominantly pelitic sequence, which is associated with high-grade mineralization further to the east.

Hole PLS13-118 (line 600W) was collared as a vertical hole and completed to a depth of 314.0m. The hole was drilled from the same collar location as hole PLS13-116. Basement was encountered at a depth of 97.2m, which is substantially higher than in hole PLS13-116 (106.4m), possibly suggesting structural faulted off-set between the holes.

Mineralization encountered in PLS13-118 is approximately 50m south of the hole trace of PLS13-116. A total composite of 21.5m of mineralization within 5 discrete intervals of variably weak to moderately radioactive mineralization was intersected from 174.5m to 255.0m, in interval widths ranging from 0.5m to 9.0m. The upper part of the lithologic sequence (97.2m to 154.5m) is comprised of a quartzitic gneiss. From 154.5m to 297.9m a pelitic gneiss dominates, transitioning to a semi-pelitic gneiss from 297.9m to 314.0m (EOH). A diabase dyke is present from 287.3m to 294.5m. Local narrow intervals (2.1m to 3.6m wide) of moderate to steeply dipping mylonites and cataclasites are present between 166.6m to 265.9m. Moderate clay alteration (locally hematitic) is present throughout from 154 to 212m.

Keyword: Fission JV, Mineral
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