508 0 Kommentare Azincourt-Fission JV Defines Additional Drill Targets at PLN - Seite 2

The southern part of this trend is interpreted to be a "U-shaped" west dipping folded feature.

A series of 3 to 5 regional lines of detailed EM survey are planned for the 2014 Winter program, to provide further resolution of the EM conductors and to orient a future summer 2014 resistivity survey. It should be noted that many structurally controlled high-grade uranium occurrences in the Athabasca Basin are related to hydrothermal alteration systems associated with basement EM conductors.

Drill Target Selection for Winter Drilling Program

Approximately 8-10 drill targets are planned for testing with the 2500m to 3000m 2014 winter diamond drill program. Drill targets are selected and prioritized based on the presence of EM basement conductors where a coincident resistivity low signature has been defined and often near an interpreted cross-cutting structural feature.

Initial targets will focus on the northwest-southeast (NW-SE) trending A1, A1B and A3 basement EM conductors located in the west-central area of the property. In addition drill targets along the B basement EM conductor located in the central area of the project area will be tested (see Figure 1 Map) (http://media3.marketwire.com/docs/912099I.pdf). 8 drill targets so far selected consist of:

5 drill holes to test the north-northwest trending central conductive meta-sedimentary belt.
- Three high priority drill targets (PLN14-A, B and C) have been selected on the NW-SE trending A1 EM conductor.
- One high priority drill target (PLN14-D) has been selected on the NW-SE trending A1B conductor in association with an interpreted NE trending structure. The A1B conductor is interpreted to be a faulted-off segment of the A1 conductor.
- One high priority drill target (PLN14-E) has been selected on the NW-SE trending A3 conductor. The hole targets an interpreted cross-fault at its southern extent.
2 drill holes (PLN14-F and PLN 14-G) will test the geophysical anomalies on Grid B under Hodge Lake. The drill holes on this grid test the interpreted limbs of a suspected folded graphitic pelitic geological unit (interpreted syncline) where they are cross cut by interpreted structures with associated alteration. These are both areas where historic drilling intersected anomalous basement alteration and pathfinder geochemistry. The targeting ground geophysics was completed on those grids in 2012. MLTDEM and DC Resistivity was completed on Grid B and MLTDEM on Grid G4.
- Radon survey sampling will be carried out over the Grid B on Hodge Lake in the central part of the property to further refine drill locations.
One Drill hole, PLN 14-H will test the prospective north-northwest trending conductor that will be defined by the planned ground EM survey (20 km grid).
Fission plans to "pre-collar" the drill holes with an RC drill, similar to its successful practice at the Patterson Lake South project immediately to the south. Core drilling is scheduled to take place in January, 2014.