Two drills will be used to drill to drill at a depth of 7,400m at the 40,256 ha uranium project.
In addition to the discovered basement mineralization at the J Zone, the core focus will be to continue delineating the J Zone’s high grade unconformity mineralization.
A second exploration drilling is planned that will target uranium discoveries made in the vicinity of Hole WAT11-153 at newly identified high priority targets to the west of the J-Zone and continue testing the prospective Oban area to the north.
Ground geophysical works includes an 83 line-km IP survey and a 47 line-km MLTDEM survey will be completed in the Oban North and Chiva areas and new regional targets will also be drill tested at the Murphy Lake located on the northwest part of the property.
Fission is the operator of the program, which is expected to be complete by late August this year.
Fission Energy and the Waterbury Consortium have budgeted C$30m ($30.5m) for exploration at Waterbury Lake over a three year period from 2010-2012.
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