Fission Uranium Corp. (TSX: T.FCU, Stock Forum) is up 20% in the past two trading sessions as investors responded to results of an independent resource estimate for two zones at its Patterson Lake South (PLS) property in Northern Saskatchewan.

Dubbed the Triple R, they contain an indicated mineral resource of 79.6 million pounds of U308, based on 2.29 million tonnes at an average grade of 1.58% U308, the company said in a press release..

That includes a high grade zone of 44.3 million pounds.

The company also said gold mineralization (38,000 ounces of indicated gold) is associated with the uranium mineralization in the Triple R and is reported as part of the mineral resource.

Fission said it is planning to complete large winter and summer drilling programs in 2015. A $10 million, 63-hole winter program is expected to begin on January 15th.

Fission rose 7% to $1.21 on Tuesday, leaving a market cap of $439.3 million, based on 363.1 million shares outstanding. The 52-week range is $1.73 and 65 cents.