Fission Energy and its joint venture partner, the Kepco Consortium, have reported the results of their Waterbury Lake summer drill program in Saskatchewan, indicating successful drilling expansion of the J-Zone uranium discovery to 120m x 50m.

The company has indicated successful J-Zone assay results for four previously completed vertical step-out drill holes, including WAT10-099, 103-105, in addition to two vertical step-outs at the J-East Zone (WAT10-100 and 102).

Hole WAT10-103 in J-Zone, drilled on Line 075W and collared 10m to the south of WAT10-093A (2m grading 1.12% U3O8), intersected 15.5m of 5.55% U3O8 (191.5m-207.0m), including 2.5m grading 32.39% U3O8 (193.0m-195.5m).

With a grade x thickness (GT) value of 86.0, Hole 103 ranks as the second strongest mineralized hole in the J-Zone to date, after Hole WAT10-071, which is located in the southeast part of the J-Zone.

Hole 103 intersected significantly higher grades over much wider widths at the unconformity than previous results on the western part of the J-Zone.

Results obtained at J-East warrant further evaluation and follow-up exploration now that mineralization has been traced over a 45m strike length in three holes, which include WAT10-094A, 100 and 102.

Hole WAT10-099, drilled on Line 045W and collared 10m north of WAT10-079 (7.5m grading 1.89% U3O8), intersected 5.0m grading 2.90% U3O8 (195.0-200.0), including 3.0m grading 4.59% U3O8 (196.5m-199.5m).

Holes WAT10-104 and 105 have encountered weak mineralization at the unconformity.

Overall, drilling has confirmed the continuity of high grade uranium mineralization, while extending the mineralized boundary of the J-Zone to the west and north.

The J-Zone is now defined by 27 closely spaced drill holes over an area of 120m x 50m, and remains open in all directions.

Holes WAT10-100 and 102 both intersected basement uranium mineralization at the J-East zone and the best results were found at Hole WAT10-102, which intersected 8.50m grading 0.38% U3O8 (220.00m-228.50m) and 3.5m of 0.67% U3O8 (233.00-236.50).

Fission believes the J-East Zone is an extension of the Roughrider uranium discovery adjacent to the company’s property boundary.

All drill intersections at the J-Zone are associated with a broad continuous zone of alteration extending from several meters above the unconformity to >25m below the unconformity, with mineralization occurring within this altered system.

Continued drilling at the J-Zone, in addition to testing at the J-East and Highland Zones, and other high priority targets is planned for a significantly larger exploration program in the forthcoming winter season.