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Fission 3 Prioritizes Key Athabasca Basin Projects; Cuts Fees & Salaries by 50%
Fission 3 Prioritizes Key Athabasca Basin Projects; Cuts Fees & Salaries by 50% ...
About this update from F3 Uranium Corp
[{"type":"text","content":"\n\n\n\nFission 3 Prioritizes Key Athabasca Basin Projects; Cuts Fees & Salaries by 50%\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nFission 3 Prioritizes Key Athabasca Basin Projects; Cuts Fees & Salaries by 50%\nCanada NewsWire\nKELOWNA, BC, May 28, 2020\n\n\n\nTSX VENTURE SYMBOL: FUU \nKey projects include PLN, Cree Bay, Beaver River and Hearty Bay where shallow drill targets have been identified through successful surveys and field work \n KELOWNA, BC, May 28, 2020 /CNW/ - FISSION 3.0 CORP. (\"Fission 3\" or \"the Company\") announces that it has completed a major cost-cutting program that has significantly reduced the Company's G&A. This includes a cut of 50% to salaries and fees paid to Management, Directors and all employees, as well as a reduction in the overall number of staff. In addition, following a review of its premium uranium exploration portfolio in Canada's Athabasca Basin region, Fission 3.0 will be prioritizing key projects moving forward. The Company is also highly encouraged by the 34% increase in uranium spot prices since March, 2020, and the significant improvement in uranium market sentiment.  \n\n \n \n \n \n \n \n\n \nKey Projects\nCree Bay: Located in the NE Athabasca Basin area, Fission has drill tested two targets to date and identified a large hydrothermal structural cell that hosts radiometric anomalies (up to 573 counts per second (cps) at 225.5m in CB19-001). Next steps will include drilling to focus on the structural features, including the interpreted basement and unconformity off-set associated with the strong alteration that was observed in the 2 holes drilled. \nHearty Bay: Located in the in the Beaverlodge Mining District, in the NW Athabasca Basin, recent exploration at Hearty Bay focused on prospecting and tracking the source area of the Wolfe and Jackfish boulder fields at Isle Brochet. Next steps will include drilling to explore for the source of the high-grade uranium boulder fields.  \nBeaver River: Located just outside of the...