FISSION ENERGY (FIS.V) - Hathor Area Play mit vielversprechenden Uran-Properties (Seite 216)

[ernie021]

WAT10-070B spitzen Ergebnis

[ernie021]

Fission Intersects 13.5m of Highly Radioactive Mineralization at Unconformity, Including 7.5m Off-Scale Radioactivity

KELOWNA, BRITISH COLUMBIA--(Marketwire - Feb. 16, 2010) - FISSION ENERGY CORP. (TSX VENTURE:FIS - News; "Fission" or the "Company") announces that drill hole WAT10-070B, a 15m step-out to the west of the high-grade mineralization encountered in WAT10-063A, intersected a 13.5m wide interval of highly radioactive mineralization at the unconformity, including several intercepts totaling 7.5m of "off-scale" (cps greater than 9999) hand scintillometer readings. With the intensity and width of radioactivity intersected in WAT10-070B and the confirmatory assays of uranium in WAT10-063A (10.5m of 1.91% U3O8 including 1.0m grading 13.87% U3O8; see news release dated February 11, 2010) Fission believes that the J-Zone represents a significant new discovery of unconformity mineralization at the Company's Waterbury Lake Project in the Athabasca Basin.

The latest four drill holes: WAT10-067 to WAT10-70B, were designed to test the J-Zone to the north and south (holes WAT10-067-WAT-069A), and to the west (hole WAT10-070B) of discovery hole WAT10-063A. The high levels of radioactivity encountered in hole WAT10-070B appear to confirm a model of an approximate east-west striking mineralized zone. To date, eight drill holes have been completed at the J-Zone, with six of the holes identifying high levels of radioactivity and/or uranium mineralization. Five of these drill intersections are associated with the unconformity, while the sixth is comprised entirely of basement hosted mineralization. The J-Zone remains open at depth and along strike. Drilling is continuing.

A map of the J-Zone and table summarizing the Drill Core Hand-Held Scintillometer Readings can be found on the Company's website at http://www.fission-energy.com/s/WaterburyLake.asp.

Drill Hole Summary

Hole WAT-070B encountered intense hematite and limonite clay alteration from 191.12m to 218.45m, with chlorite alteration persisting to 230.0m down hole. Continuous anomalous radioactivity of 300 cps to greater than 9999 cps was intersected from 194.5m to 225.5m (31.0m total). The degree of radioactivity within this interval is highly variable. At the unconformity, a 13.5m interval of continuously high radioactivity was intersected from 196.5m to 210.0m, with discrete intervals of greater than 9999 cps, totaling 7.5m. Clear identification of the unconformity is obscured by the intense alteration and mineralization. Core recovery for the interval 197.0 to 200.0m, with "off-scale" radioactivity, was approximately 66%. Core recovery for the balance of the mineralized interval approaches 100%. Down hole probe results confirm the continuity of high radioactivity across the entire interval.

The hole was collared 15m to the west of the vertical projection of the mineralization within hole WAT10-063A and oriented as a vertical hole. The hole was completed to a depth of 282.0m. The hole tested the presumed westerly strike extension of the high-grade uranium mineralization intersected in WAT10-063A.

Hole WAT10-068 encountered strong clay alteration from 190.0m to 221.0m. An interval of anomalous and highly variable radioactivity was encountered from 208.0 to 212.0m, with the strongest radioactivity within a 1.3m interval from 210.2 to 211.5m, at the unconformity. Radiometric counts within this 1.3m interval ranged from 8000 cps to greater than 9999 cps. Basement rocks show variable degrees of alteration down to 248.0m.

The hole was collared from the same set-up location as WAT10-066 and oriented at an azimuth and dip of 328.5 degrees / -71.3 degrees. The hole was completed to a depth of 254.0m. The hole was designed to test the continuity of mineralization to the north of WAT10-063A. The unconformity mineralization intersected, extends the interval of high radioactivity intersected in WAT10-065A a further 25m to the north. The unconformity was intersected at a depth of 211.4m.

Hole WAT10-067 encountered moderate clay alteration from 200.91m to 223.5m. No anomalous radioactivity is present within the interval. Basement rocks show variable degrees of alteration to 258.72m.

The hole was collared from the same set-up location as WAT10-066 and oriented at an azimuth and dip of 332 degrees / -84.3 degrees. It was completed to a depth of 326.0m with the unconformity intersected at a depth of 205.52m.

Hole WAT10-069A encountered moderate to strong clay alteration from 189.9m to 200.0m. No anomalous radioactivity is present within the interval. Basement rocks show variable degrees of alteration from 224.0m to 250.0m.

The hole was collared 15m to the NW of WAT10-067 and oriented at an azimuth and dip of 329 degrees / -71.4 degrees. It was completed to a depth of 269.0m with the unconformity intersected at a depth of 208.9m.

All holes were radiometrically surveyed with a Mount Sopris 2GHF Triple Gamma probe. The triple gamma probe uses both a Na-I scintillation crystal and a ZP1320 High-Flux Geiger-Mueller tube pair, which allows better resolution in strongly radiometric intervals.

Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held Exploranium GR-110G total count gamma-ray scintillometer. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.

Split core samples from the mineralized section of core will be taken continuously through the mineralized intervals and submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which includes U3O8 (wt%) and fire assay for gold, platinum and palladium. All samples sent for analysis will include a 63 element ICP-OES, uranium by fluorimetry (partial digestion) and boron. Chemical results will be released when received. Further updates will be provided.

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 Ross McElroy, P.Geol. President and COO for Fission Energy Corp., a qualified person

http://biz.yahoo.com/ccn/100216/201002160585958001.html?.v=1

[ernie021]

1.91% U3O8 over 10.5m including 13.87% over 1m
February 12, 2010

Conclusion: Initial composite assay results from the discovery hole (WAT10-63A) confirm our expectations that recently announced scintillometer results indicate high grade uranium at Fission's Waterbury JV. This hole is located just 140m along strike from Hathor Exploration's (HAT-V: C$1.81, BUY, C$4.00 target) 12 MM lb Roughrider deposit. We believe that Fission's 'J Zone' is the westward extension of Roughrider.
This news is viewed as positive and investors are beginning to take notice. FIS rose 12% on this update and is now up 205% since the first scintillometer results were announced only 17 days ago. We expect that the stock will continue to gain support as this story becomes more widely known by the market and our geological understanding develops.
We believe that Fission's chances of extending mineralization will improve as drills step out along strike from the cluster of tightly spaced holes currently being drilled. Unconformity deposits are often cigar shaped, and while drilling north-south across the cigar is necessary to define width, drilling along the axis of the cigar is ultimately the goal. We see prime exploration ground from Fission's discovery hole for about 60 to 80m eastward along strike towards the Fission-Hathor boundary. While past drilling achievements are no sure indication of future success, and there is no assurance that mineralization along trend is continuous, mineralization and alteration at Roughrider is stronger and thicker. We suspect there is good potential that results from Fission's zone may improve in that direction, assuming continuity.
Meanwhile, tracing the zone westward along strike becomes important. Consultants for Hathor believe that Roughrider zone is hosted within a slice Wollaston Group rocks that has been thrust southwards up onto the Midwest Dome, and bounded to the north by another wedge of older rocks. It is currently unknown the extent the Wollaston group westward onto Fission's property. However, a resistivity low trends across Fission's property for ~3km, and these geophysical anomalies are historically meant to signal alteration plumes overlying high grade mineralization in the Athabasca. We expect the geological picture to improve quickly as drilling proceeds and continue to watch this story closely.
•
Assays outline two intervals. Basement mineralization was confirmed in hole WAT10-63A. An interval of 1.91% U3O8 over 10.5m was identified starting at 226m depth (Photo 1). This includes 13.87% over 1m. Another intercept of 0.16% over 4m between 211.5 and 215.5m is located higher in the hole but still below the unconformity.
•
Assays correlate well with previous scintillometer readings (Table 1). These higher grade intervals occur within a 29m wide zone of elevated scintillometer results what occur just below the unconformity. Only composites, not individual assays were provided. Fission only reported intercepts that exceeded 3m width and graded 0.05% U3O8.
•
Mineralization remains open in all directions. These assays, combined with high scintillometer readings from nearby holes, are beginning to show continuity. However this continuity passes from basement rocks at unconformity to more than 15m into the basement rocks in the four holes for which scintillometer results have been reported. The bigger picture shows that uranium mineralization can now be traced for about 450m along a 070-trend or near east-west strike. Fission's J Zone lies 140m west of Hathor's Roughrider deposit, which in turn, lies 200m west of Hathor's 170 Zone. All three zones are currently being drilled by the pertinent operator (Photo 2).
•
Expect frequent exploration updates. These assays were reported from only the second hole of a 20 hole, 7,500m winter drill program. The initial discovery hole -63A still has outstanding base metal and gold assays. Holes -64 to -66 have been logged and samples have arrived at the lab. The company expects a two to three week turnaround for assays. Holes -67 to -69 are completed and in various stages of geotechnical logging and sampling. Hole -70, the ninth of the project is underway, targeting the zone a mere 15m to the west along strike of hole -63.
•
Elevated scintillometer readings a positive indicator for uranium. Further comforted by two years of experience at Roughrider, we may also begin to assume that there is little disequilibrium at Waterbury (no imbalance between uranium content and the radioactivity emitted by a given volume of that mineralized rock) and begin to trust scintillometer readings as a positive indicator for uranium. This should come as little surprise as high grade unconformity style mineralization isn't prone to disequilibrium. This imbalance is more prevalent in sandstone-hosted deposits within an aquifer that undergoes oxidation-reduction changes over time. We caution investors not to link scintillometer readings directly to uranium grades, but only as an indicator that uranium minerals are present.
Dundee Securities Corporation from time to time publishes reports on securities for which it does not and may not choose to provide continuous research coverage. Such reports are published as Ideas of Interest.
weiter+Bilder
http://www.fission-energy.com/i/pdf/FIS021210.pdf

[Nosleep]

GRÜSST EUCH

DAS STEHT UNS JA ZU ; SO EINE KURSENTWICKLUNG

MfG:NOSLEEP

[ernie021]

Fission Discovery Hole Assays at-10.5m of 1.91% U3O8 Including 1.0m grading 13.87% U3O8
2/11/2010 8:31:39 AM - Market Wire

KELOWNA, BRITISH COLUMBIA, Feb 11, 2010 (MARKETWIRE via COMTEX News Network) --
FISSION ENERGY CORP. ("Fission" or the "Company") (TSX VENTURE: FIS) is pleased to report that it has received uranium assay results from the previously announced discovery hole WAT10-063A on its Waterbury Lake project. This drill hole intersected 10.5m grading 1.91% U3O8 from 226.0m to 236.5m downhole. Included in this interval is a high grade intersection of 1.0m grading 13.87% U3O8 from 230.0m to 231.0m. WAT10-063A is the 2nd hole of the winter 2010 drill program and is the first hole to intersect the newly identified J-Zone.

Hole WAT10-063A intersected two zones where the intersections met the minimum cut-off grade of 0.05% U3O8. Both zones contained anomalous mineralization within a 29.0m wide zone of alteration and elevated radioactivity from 206.5m to 235.5m directly below the unconformity (206.5m). Core recovery was generally 100%, but narrow intervals of core loss within the altered zone occurred, notably 215.0m to 218.0m (87% recovery) and 221 to 224.0m (72% recovery). All intersections are down-hole, core interval measurements and true thickness is yet to be determined. A summary of the composited assay results for both zones is as follows:

Composited Mineralized Intervals (Down-hole measurements)---------------------------------------------------------------------Zone Hole ID From (m) To (m) Interval (m) U3O8 (wt%)------------------------------------------------------------------------------------------------------------------------------------------J-Zone WAT10-063A 211.50 215.50 4.00 0.16 226.00 236.50 10.50 1.91 230.00 231.00 1.00 13.87---------------------------------------------------------------------Composite Parameters--------------------1. Minimum Thickness: 3.00m2. Grade Cut-Off: 0.05 U3O8 (wt%)3. Maximum Internal Dilution: 1.50m
Split core samples for geochemical analysis were taken continuously from 206.5m to 240.0m at 0.5m intervals. Samples were analyzed for U3O8 (wt%) at SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon. Laboratory method of quality control included the insertion of CANMET certified reference material applicable for the range of mineralization encountered every 20th sample. Repeat assays were carried out on 6 samples, with acceptable reproducibility (less than +/- 2% relative variation for samples with greater than 0.01 wt% U3O8). All samples sent for analysis include 63 element ICP-OES, uranium by fluorimetry (partial digestion) and boron. Samples within the mineralized interval are also being analyzed for gold, platinum and palladium.

Drilling at the J-Zone is continuing and results will be provided when available.

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 Ross McElroy, P.Geol. President and COO for Fission Energy Corp., a qualified person.

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 ENERGY CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "FIS".

This press release contains "forward-looking information" that is based on Fission's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Fission's development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Fission's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Fission disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

ON BEHALF OF THE BOARD

Ross McElroy, President & COO
http://www.stockhouse.com/FinancialTools/sn_newsreleases.asp…

[Fantomas96]

Dundee Capital Markets Report von heute (09.02.10):

http://www.fission-energy.com/i/pdf/FIS020910.pdf


Highly Radioactive Intercepts Expand Footprint


Conclusion: The discovery of additional highly radioactive and intensely altered units are beginning to provide
some continuity at Fission Energy's Waterbury JV in the Athabasca Basin. Its project is located within 4km of over 62
million pounds of U3O8. Two of the three drill holes that were reported yesterday have high and off-scale scintillometer
readings. This includes hole -66 where a 4m long zone of strongly radioactive material was intersected at the unconformity.
All intercepts from the four radioactive holes drilled to date remain wide open in all directions.
Fission appears to be adding the third dimension to what may become a high grade uranium discovery (assays pending).
Hole -66 hosts a slightly deeper zone of elevated radioactivity in the basement rocks that appears to correlate well with the
extensive high radioactivity that was reported from hole -63 two weeks ago. These two holes seem to define a potential
zone stretching for 15m along a north-south direction - or what we would expect to be the width direction of a potential
zone. We view this continuity as a positive, even at this early stage of exploration. Presence of unconformity and basement
hosted radioactive units suggest the possibility of stacked uranium mineralization, although more work is required.
This $26 million market cap stock is up 161% since the first highly radioactive counts were reported two weeks ago, and
following a 25% correction yesterday after counts from holes -64, -65 and -66 were announced. These positive results
seemingly did not live up to investor expectations and we were a little surprised by this strong market reaction. While
radioactivity from these three holes doesn't appear to be as extensive as that found in hole -63, they aren't necessarily
reflective of upside potential. We believe that investors must be patient and give this drill program more time to run its
course for two reasons: 1) unconformity style uranium deposits are highly variable over short distances, and 2) drilling has
yet to extend along strike. Hathor's (HAT-V: C$1.77, BUY, C$4.00 target) Roughrider deposit serves as perfect example.
First off, variability must be overcome with a larger sample population. Roughrider uranium resources are subject to
extreme variability as 56% of its pounds are hosted within just 10% of the tonnes. Delineation of high grade lenses within
the deposit is the key to success. Individual intercepts are as high as 18% U3O8 over 13m but the deposit averages just
under 3% overall. Holes drilled a mere 7.5m apart have reported very different results. We emphasize the need for sufficient
drill hole population and adequate drill hole density is required when exploring for unconformity style deposits.
Secondly, the trend is your friend. We interpret the potential Fission mineralization to be the western extension of
Roughrider. The Fission holes lie 140m west of the 110m long Roughrider deposit, that lies 200m west of Hathor's hole -
170 (12.7% over 28m). This represents potential mineralization over a combined 450m of strike thus far. We also highlight
that this trend transverses the Waterbury JV property for up to 3km to the west of Fission's current drilling and this is
coincident with a resistivity low geophysical anomaly. While recent holes correlating well with each other in a N-S direction,
additions along width would likely be limited in extent - Roughrider can be as narrow as 30-40m in places. Drilling should
provide for a better chance of a meaningful expansion as drills begin systematic step outs along strike.
The press release provided elevated scintillometer readings that correspond with what appears to be the black uranium
mineral pitchblende. We caution investors not to link scintillometer readings directly to uranium grades, but only as an
indicator that radioactive minerals are present. Until assays confirm our suspicions, we can only speculate that elevated
radioactivity indicates the presence of U3O8. Until then we will continue to use the term "potential" - but we are optimistic.
• Hole -66 returned 4m of high/off-scale radioactivity at the unconformity (Table 1, Figure 1, Photo 1). Alteration
persists for over 57m including 24m of intense clay alteration above the unconformity. A wide zone was reported for
25.5m from 203.0 to 228.5m core depth, with high and off-scale counts located between 203.5 and 207.5m.
• Hole -65A returned 1.5m of high/off-scale radioactivity at the unconformity. A zone of elevated radioactivity is
reported for 20m from 203.0 to 223.0m core depth, with high and off-scale counts located between 203.5 to 205m.
• Hole -64D returned anomalous radioactivity over 11m. This radioactivity stretched from 211.5 to 222.5m core depth,
with a stronger 1m wide anomaly located at 211.5m depth.
• The seventh hole is nearing completion as we await assays from the potential discovery hole (-63). Holes -64 to -
66 are sampled and likely on route to the lab as well. Hole -67 has been completed and was drilled from the same setup
at holes -65 and -66. Drilling of hole -68 is almost done. It is testing the zone along the same section, located just to
the north of holes -65 to -67. A total of 20 holes for 7,500m are planned.

...... (weiter im Download)


FANTOMAS

[Fantomas96]

Mist, ich dachte, ich könnte bei $ 0,35 nochmal nachlegen !

Das waren jetzt Berichte von 5 der 20 geplanten Bohrlöcher.

Wenn da unter den übrigen 15 auch nur noch 1-2 mit ähnlich hohen readings dabei sind, werden wir die $ 0,35 allerdings so schnell nicht sehen.

Es bleibt spannend !

FANTOMAS

[Boersenkrieger]

Antwort auf Beitrag Nr.: 38.913.628 von gehtwas am 09.02.10 20:07:16

0,49 +4,26% SK
Umsatz mit 772000 deutlich weniger als die tage.
einige spekulanten sind zum glück abgesprungen... wenn sie sich im bereich 0,45-0,50 einpendelt können wir zufrieden sein... gerechtfertigt wäre es allemal

[Boersenkrieger]

Antwort auf Beitrag Nr.: 38.913.628 von gehtwas am 09.02.10 20:07:16

jep ein paar prozent sind reingeholt
-25% von gestern war ja auch genug.

[gehtwas]

Sieht fast aus als könnten wir heute nochmal was gut machen