ing intersections of shallow depth, typical
of those reported to date. Other noteworthy
intersections are as follows:
• R00E Zone – Hole 13-059 Upper: 6.5 m@
3.61% U3O8
Incl. 2.5% m @ 8.99% U3O8
Lower: 20.5m @ 8.57% U3O8 Incl. 9.4 m @
17.78% U3O8
Note: 20.5 m of 1.90 g/t gold was intersected in this hole
• R390E Zone – Hole 13-075 54m of 9.08%
U3O8
• R585E Zone – Hole 13-098 76m of total
composite mineralization, including 7.62
m of off-scale radioactivity
• R780E Zone – Hole 13-060 7.0m @ 1.22%
U3O8
Note: 7.0m of 1.71 g/t gold including 2.5m
of 4.48 g/t gold was intersected in this hole
Drill hole PLS13-080: 48.5m of mineralization including 13.41m of off-scale
radioactivity reported pending final
analysis.
• R945E Zone – Holes 13-084 and 13-096
Anomalous radioactivity present in multiple discrete intervals (some with off
scale readings) ranging from 10 to over 40
metres reported pending final analysis.
• R945E Zone – Holes 13-084 and 13-096
Anomalous radioactivity present in multiple discrete intervals (some with off
scale readings) ranging from 10 to over
40 metres reported pending final analysis. Hole 13-099 had 8 metres of off scale
readings.
Economic Value
The amalgamation of Alpha and Fission
to form a single entity will unify the PLS
Project under a single corporate banner
– Fission. No uranium resource/reserves
figures have been inferred from the status
of the project as yet, but it can be implied
that PLS will become a standalone operation with a minimum 50 million pounds of
U3O8 that will attract a third party suitor.
For purposes of comparison, in 2012 Rio
Tinto purchased the Roughrider Project of
Hathor Uranium, a deeper deposit, where
57 million pounds of U3O8 were identified
continued on page 57
november 2013
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