Fission Uranium rises on reporting of resource estimate for ‘Triple R’ deposit

Athabasca basin explorer Fission Uranium's shares were trading up to about 23% higher on the TSX on Monday morning, after spurring investor interest by publishing an independent resource estimate for the ‘Triple R’ deposit at its Patterson Lake South property, in Northern Saskatchewan. The Kelowna, British Columbia-based explorer reported 79.61-million pounds of uranium in the compliant indicated mineral category, based on 2.29-million tonnes, grading 1.58% uranium, including a high-grade zone of 44.3-million pounds of uranium based on 110 000 t at a grade of 18.21% uranium.