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Fission 3.0 Targets Large, Shallow Geophysics Anomaly at Cree Bay in Athabasca Basin

First pass drill program to focus on 1.2km area of interest along Virgin River Shear Zone in NE Athabasca Basin

ID: 1549329
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(PresseBox) - FISSION 3.0 CORP. (?Fission 3? or ?the Company? - https://www.commodity-tv.net/c/search_adv/?v=298932) is pleased to announce a three-hole (1,225m) drill program at its Cree Bay property, located in the northeast area of Canada''s Athabasca Basin.

High-grade unconformity uranium occurrences in the Athabasca Basin are often formed where mineralized fluids that have traveled along reactivated basement faults intersect with the overlying sandstone.e Company?s Cree Bay drill program will be targeting.

News Highlights

Summer Program to Commence during the last week of May 2019: Site preparations already underway for three-hole (1,225m) program

All Holes to Focus on Large, Prospective Target: A 1.2km resistivity anomaly was identified by Fission 3 during recent ground geophysics surveys.

Ross McElroy, COO, and Chief Geologist for Fission, commented,

?We are looking forward to commencing our drill program at Cree Bay. This is an attractive property with a primary drill target of significant size, and it is located just 10km from the past-producing Nisto uranium mine. The program is the latest element of Fission 3?s ongoing exploration across its large portfolio in Canada?s Athabasca Basin ? a region which hosts the highest-grade uranium deposits in the world.?

Cree Bay ? Location and Geophysics Survey Details: The Cree Bay property, located 20km south of the town of Stony Rapids, consists of 16 claims totaling 14,080 ha and sits on the inside edge of the north-eastern Athabasca Basin.d East Channel Fault to the south.

In 2017, Fission 3 completed a ground DC resistivity geophysics survey over the northeast end of a historic airborne Electromagnetic (EM) anomaly located in the northeast part of the property.pe uranium mineralization.

The Resistivity Surveys have defined a resistivity low anomaly in the lower part of the Athabasca Sandstone along a strike length of ~1.2km. Two 3km-long lines of moving loop Time Domain Electromagnetic (TDEM) were completed over the most intense parts of the resistivity anomaly, over a 900m strike length between Line 2700N and Line 1800N.



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. Chief Geologist and COO for Fission 3.0 Corp., a qualified person.

About Fission 3.0 Corp.

Fission 3.0 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. Common Shares are listed on the TSX Venture Exchange under the symbol "FUU."

ON BEHALF OF THE BOARD

"Ross McElroy"

Cautionary Statement: Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3 Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.



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published by: PresseBox
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Date: 05/24/2019 - 08:28
Language: English
News-ID 1549329
Character count: 3246
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Firma: Swiss Resource Capital AG
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Stadt: Herisau
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