Azincourt Resources refused additional interest from Fission 3 PLN project

Fission 3.0 Corp. (Fission 3) announces that Azincourt Resources Inc. sent a notice stating that it has elected not to earn its additional interest in Fission 3’s Paterson Lake North Project (PLN).

Under the property option agreement dated April 29, 2013. A joint venture will be formed between Fission 3 and Azincourt Resources whereby Fission 3 owns 90% and Azincourt Resources owns 10% of PLN.

Fission 3.0 Chairman and CEO, Dev Randhawa said that Azincourt has decided not to follow through on its previous intention to increase its ownership of PLN. Fission 3.0 will therefore continue to explore this prospective project as the 90% stakeholder. They have already identified a number of conductors and successfully drill tested a 700m mineralized corridor and they are excited by the project’s potential.

Image Source: Azincourt Resources Inc.