Fission Uranium Corp. (FCU:TSX; FCUUF:OTCQX; 2FU:FSE) recently announced that the company has begun preparing for a $6.4 million work program at its PLS project in Canada's Athabasca Basin this summer. According to the company, he project is designed to complete all remaining resource and geotechnical drilling leading up to a prefeasibility study (PFS).
"Our goal is to deliver a PFS report by Q4 2018 on the PLS project. We remain on target and budget to do so. The focus of the summer field program is to complete all resource and geotechnical drilling to provide data to be able to meet this objective. The completion of a PFS on the Triple R deposit will be a major milestone towards the potential of eventual mining at PLS. The Triple R deposit is the largest, most significant near surface high-grade uranium deposit in the Athabasca basin district," explained Ross McElroy, president, COO, and chief geologist for Fission.
Compilation of all technical inputs to complete and deliver a PFS will be the focus of the post-field program. Delivery of a prefeasibility will be a key event for potential mining at the PLS site.
Roscoe Postle Associated Inc. has been retained by Fission to serve as the lead consultant for the completion of a PFS and to author an NI 43-101 Technical Report. The mine development plan will also be implemented by Roscoe Postle. Overall project management services will also be provided to manage inputs from all technical contributors for the prefeasibility study.
Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.
Part of the Stock Digest family of websites