![]() Mineralization within the area is dominated by very high grade Autinite veins along 'enriched fault planes', with lesser disseminated mineralization. Sampling to date has shown that the most significant uranium anomalies appear to be restricted to this assemblage. Uranium anomalies occur on plateaus that are composed of the Upper Yapamayo Member of the Quenamari Formation. Within the area, the stratigraphy is dominated by the sub-horizontal Pliocene Quenamari Formation, which is mainly composed of ignimbrite layers. The district is mining-friendly, has a mild climate and has solid infrastructure, including all-weather roads and low-cost power. holds the rights to 9 claim blocks encompassing 51 kmĀ². The Macusani property is located within southeastern Peru. Updated maps can be found on the Company's website at. The areas of the anomalous mineralized corridor being targeted by Fission are referred to as the Llama South prospect (SW part of the corridor) and the Llama North prospect, located approximately a further 3km to the NE, where uranium seen on surface outcrops and trenches consists of both strataform (within moderately clay altered sub-members of the Yapamayo Member) and structurally controlled mineralization. Where possible, samples will be 2, extending up to 10's of meters in rocks of high permeability and <1m in rocks of lower permeability. ![]() Samples from the drill core will be split in half sections on site. The degree of radioactivity within the mineralized intervals can be highly variable. 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. Natural gamma radiation in drill core will be recorded in the field, measured in counts per second (cps) using a hand held GR-130G Scintillometer manufactured by Radiation Solutions. Thanks to the two shallow-depth deposits located on Plateau Uranium's adjacent properties, we know that the region contains substantial quantities of mineralization and our prior drilling, combined with the large number of surficial showings of uranium, highlights the significant potential of our Macusani project." "With four holes hitting mineralization 15m from surface, first pass drilling at Macusani was a noticeable success, and we are excited to be starting phase two. Ross McElroy, COO, and Chief Geologist for Fission 3, commented, 5 holes will target the Llama North prospect area, located approximately 3km to the NE of Llama South, where numerous surface assays in the immediate area returned highly anomalous values up to 6.19% U 3O 8.2 holes will target the Llama South prospect area, where numerous surface assays in the immediate area returned highly anomalous values with a peak of 3.15% U 3O 8.Seven holes (collared both angled and vertical) in 1000m of core drilling along the Llama corridor.Target areas are highly prospective for high-grade uranium at surface and potential anomalous lithium.Drilling to follow successful phase one program that intercepted mineralization within 15m from surface.Both deposits are also host to substantial lithium mineralization. The Llama South and Llama North prospects are part of an anomalous mineralized 8km NE oriented corridor that includes two shallow, resource-defined and heap leachable uranium deposits on Plateau Uranium Inc.'s ("Plateau Uranium") property. The budget for Phase 1 (completed June 15, 2016) and Phase 2 is $610,000. Drilling will focus on the Llama South and Llama North targets, where numerous anomalous uranium outcrops have assayed >2% U 3O 8 including a maximum of 24.48% U 3O 8. The seven hole, 1000m second phase follows the highly successful first phase, in which four holes intercepted mineralization at very shallow depth, including a peak of 3,100 CPS mineralization (hole MAC16-003). (TSX VENTURE:FUU) (" Fission 3") is pleased to announce that all drill operating permits have been amended and approved and Phase two of the summer exploration drill program, at its Macusani project in Peru, has now commenced. ![]() KELOWNA, BRITISH COLUMBIA-(Marketwired - Aug. New drilling will follow up phase one success that hit near-surface mineralization in four holes ![]()
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