Fission Uranium Builds Momentum on High-Grade PLS Assays

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Fission Uranium Builds Momentum on High-Grade PLS Assays

Source: The Energy Report   09/29/2016

Two new zones on Fission Uranium’s Patterson Lake South property reported high-grade assays, catching the notice of Dundee Capital Markets.

Positive assays for two new zones on Fission Uranium Corp.’s (FCU:TSX; FCUUF:OTCQX; 2FU:FSE) Patterson Lake South property will result in “building momentum” for the company, according to analyst David Talbot of Dundee Capital Markets.

Assays for “two new basement-hosted zones,” R1620E and R840W, returned “high-grade uranium assays” along the PLS trend in the Athabasca Basin, Talbot wrote in a Sept. 26 research report.

In a Sept. 26 press release, the company announced the “assay results confirm new high-grade mineralization at two zones presently outside of the Triple R resource area” and highlight “the strength of 2.63km mineralized trend at PLS—the largest in the Athabasca Basin region.”

“Both of these zones occur outside of the current 105.5 MMlbs U3O8 PLS resource boundary. This is positive for a pending resource estimate due in early Q1/17,” Talbot wrote. “We expect resources to grow, which may positively impact economics.”

The results from both zones were good, but Talbot described “very positive results” from R1620E, including “12.9% U3O8 over 7.5m within a larger interval of 5.76% over 17m.”

The analyst also noted that the company is up for three awards at the Mines and Money gala in Toronto, “including CEO, small cap deal, and explorer of the year.”

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Disclosure:
1) Tracy Salcedo compiled this article for Streetwise Reports LLC. Tracy Salcedo provides services to Streetwise Reports as an independent contractor. She owns, or members of her immediate household or family own, shares of the following companies mentioned in this article: None. She is, or members of her immediate household or family are, paid by the following companies mentioned in this article: None.
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Additional Disclosures for this Content

Dundee Capital Markets, Fission Uranium Corp., Sept. 26, 2016
Each Research Analyst involved in the preparation of this research report hereby certifies that: (1) the views and recommendations expressed herein accurately reflect his/her personal views about any and all of the securities or issuers that are the subject matter of this research report; and (2) his/her compensation is not and will not be directly related to the specific recommendations or views expressed by the Research Analyst in this research report. The Research Analyst involved in the preparation of this research report does not have authority whatsoever (actual, implied or apparent) to act on behalf of any issuer mentioned in this research report.

Dundee Capital Markets has written procedures designed to identify and manage potential conflicts of interest that arise in connection with its research and other businesses. The compensation of each Research Analyst/Associate involved in the preparation of this research report is based competitively upon several criteria, including performance assessment criteria based on quality of research. The Research Analyst compensation pool includes revenues from several sources, including sales, trading and investment banking. Research analysts do not receive compensation based upon revenues from specific investment banking transactions. Dundee Capital Markets generally restricts any research analyst and any member of his or her household from executing trades in the securities of a company that such research analyst covers.