F3 Hits Anomalous Radioactivity 12km South of JR Zone on Broach Property 20.0m Composite Mineralization at JR Zone with 2.25m high grade Radioactivity
F3 Hits Anomalous Radioactivity 12km South
of JR Zone on Broach Property
20.0m Composite Mineralization at JR Zone with 2.25m high
grade Radioactivity
Kelowna, British Columbia--(Newsfile Corp. - March 18, 2025) -
F3 Uranium Corp
(TSXV: FUU)
(OTCQB: FUUFF)
("
F3
" or "
the Company
") is pleased to release initial scintillometer results from the
ongoing winter drill programs at the PLN and Broach Properties including drilling at JR Zone, B1, and
the PW Area. At Broach Lake a new prospective area "PW" is emerging, where exploration drillhole
PLN25-202 encountered six distinct zones of anomalous radioactivity, with readings ranging between
300 cps and 720 cps over a 90m downhole interval. At JR Zone, PLN25-200 returned mineralization
over 20.0m, including
2.25m of high grade
(>10,000 cps) containing
0.68m of off-scale
mineralization (>65,535 cps)
.
2025 Handheld Spectrometer Highlights:
PLN: JR Zone
PLN25-198 (line 090S):
6.5m
interval with mineralization between 214.5 and 223.0m, including
0.20m high-grade radioactivity (> 10,000 cps)
between 220.65 and 220.85m, and
1.5m
interval with mineralization between 228.5 and 230.0m
PLN25-200 (line 045S):
1.0m
interval with mineralization between 229.0 and 230.0m, and
19.0m
interval with mineralization between 233.0 and 252.0m, including
2.25m high-grade composite radioactivity (> 10,000 cps)
between 236.0 and 238.75m
Broach Lake: PW Area
PLN25-202 (line 11325S):
0.5m
interval with radioactivity between 272.5 and 273.0m, and
0.5m
interval with radioactivity between 275.5 and 276.0m, and
0.5m
interval with radioactivity between 296.0 and 296.5m, and
0.5m
interval with radioactivity between 321.0 and 321.5m, and
0.5m
interval with radioactivity between 359.5 and 360.0m, and
0.5m
interval with radioactivity between 362.5 and 363.0m
B1 Conductor:
PLN25-196 (line 2835S):
0.5m
interval with radioactivity between 336.5 and 367.0m
Sam Hartmann, Vice President Exploration, commented:
"The 'PW' area, situated on the Broach Property approximately 12 kilometers south of the JR Zone, lies
just within the Athabasca Basin and represents a region with minimal historical exploration and drilling
activity. No previously defined conductors had been identified in this area, largely due to the presence of
a thick layer of conductive Cretaceous mudstone from the Manville Group, which locally reaches
thicknesses of nearly 100 meters. Recognizing the potential of this challenging but underexplored region,
we conducted a specifically designed MLTDEM ground survey (see NR February 11) which has just
been completed by Abitibi Geophysics. This approach successfully delineated a number of basement-
hosted conductors on the survey lines interpreted so far with lines L3200N to L4400N still outstanding
(see Map 2), overcoming the interference posed by the conductive mudstones. Drillhole PLN25-202 was
collared based on an initial interpretation and conductor model on L1600N, and intersected strongly
altered basement lithologies, encountering six distinct radioactive intercepts across a 90-meter
downhole interval. Data from this drillhole was subsequently re-integrated back into the electromagnetic
(EM) model - which resulted in a lateral shift of the conductor model by approximately 100 meters. This
adjustment suggests that PLN25-202 overshot the intended target yet - still encountered significant
alteration and structures along with radioactivity. A follow-up drillhole is scheduled and planned to step
back by approximately 100 meters to better intersect the refined target, which lies in a distinct circular
gravity anomaly. While the PW Area is still in its early stages of exploration, we are highly encouraged by
these strong initial results, and intend to conduct further drilling in the area before shifting focus back to
the JR Zone toward the conclusion of the winter season."
Map 1. Patterson Lake North - JR Zone 2025 Scintillometer Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/244920_f088d21f648b2b38_002full.jpg
Map 2. Broach Lake - PW Area 2025 Scintillometer Results
To view an enhanced version of this graphic, please visit:
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Table 1. Drill Hole Summary and Handheld Spectrometer Results
Collar Information
* Hand-held Spectrometer Results On
Mineralized Drillcore (>300 cps / >0.5m
minimum)
Hole ID
Section
Line
Easting
Northing
Elevation
Az
Dip
From
(m)
To
(m)
Interval
(m)
Max CPS
Athabasca
Unconformity
Depth (m)
Total
Drillhole
Depth (m)
PLN25-
196
2835S
589265.0
6408368.2
537.9
54.1
-67.3
366.50
367.00
0.50
390
178.4
497
PLN25-
197
030S
587776.2
6410760.2
546.4
55.1
-70.7
206.50
207.00
0.50
880
189.7
251
207.00
207.50
0.50
7,600
207.50
208.00
0.50
9,700
208.00
208.50
0.50
5,100
208.50
209.00
0.50
510
209.00
209.50
0.50
360
209.50
210.00
0.50
390
210.00
210.50
0.50
350
210.50
211.00
0.50
530
211.00
211.50
0.50
1,100
PLN25-
198
090S
587842.9
6410645.2
546.0
9.4
-64.9
214.50
215.00
0.50
330
191.7
299
215.00
215.50
0.50
460
215.50
217.50
2.00
<300
217.50
218.00
0.50
3,400
218.00
218.50
0.50
2,200
218.50
219.00
0.50
330
219.00
219.50
0.50
340
219.50
220.00
0.50
570
220.00
220.50
0.50
450
220.50
220.65
0.15
8,600
220.65
220.85
0.20
22,100
220.85
221.00
0.15
7,700
221.00
221.50
0.50
8,100
221.50
222.00
0.50
2,500
222.00
222.50
0.50
4,900
222.50
223.00
0.50
2,200
228.50
229.00
0.50
310
229.00
229.50
0.50
<300
229.50
230.00
0.50
450
PLN25-
199
010N
587693.2
6410748.1
545.2
54.9
-65.7
232.00
232.50
0.50
360
197.7
269
242.00
242.50
0.50
1,000
242.50
243.00
0.50
2,900
243.00
243.50
0.50
1,100
PLN25-
200
045S
587730.9
6410712.4
545.2
53.4
-65.5
229.00
229.50
0.50
330
229.50
230.00
0.50
360
233.00
233.50
0.50
660
233.50
234.00
0.50
720
234.00
234.50
0.50
1,900
234.50
235.00
0.50
4,900
235.00
235.50
0.50
660
235.50
236.00
0.50
9,600
236.00
236.50
0.50
62,200
236.50
237.00
0.50
13,400
237.00
237.50
0.50
9,200
237.50
237.65
0.15
58,200
237.65
238.00
0.35
>65,535
238.00
238.33
0.33
>65,535
238.33
238.50
0.17
61,000
238.50
238.75
0.25
22,300
238.75
239.00
0.25
8,600
239.00
239.50
0.50
8,400
239.50
240.00
0.50
2,800
240.00
240.50
0.50
5,700
240.50
241.00
0.50
3,000
241.00
241.50
0.50
5,400
241.50
242.00
0.50
5,200
242.00
242.50
0.50
5,100
242.50
243.00
0.50
470
243.00
244.00
1.00
<300
244.00
244.50
0.50
320
244.50
246.50
2.00
<300
246.50
247.00
0.50
2,100
247.00
247.50
0.50
740
247.50
248.00
0.50
1,100
248.00
248.50
0.50
480
248.50
249.00
0.50
<300
249.00
249.50
0.50
330
249.50
250.00
0.50
740
250.00
251.00
1.00
<300
251.00
251.50
0.50
1,300
251.50
252.00
0.50
2,100
PLN25-
201
12510S
590064.4
6397263.8
568.9
45.9
-70.2
PW Exploration; no radioactivity >300 cps
n.a.
437
PLN25-
202
11325S
589352.6
6397967.0
583.2
45.9
-63.3
272.50
273.00
0.50
330
171.6
464.5
275.50
276.00
0.50
300
296.00
296.50
0.50
330
321.00
321.50
0.50
320
359.50
360.00
0.50
320
362.50
363.00
0.50
720
Collar Information
* Hand-held Spectrometer Results On
Mineralized Drillcore (>300 cps / >0.5m
minimum)
Handheld spectrometer composite parameters:
1: Minimum Thickness of 0.5m
2: CPS Cut-Off of 300 counts per second
3: Maximum Internal Dilution of 2.
0m
Image 1: Anomalous Radioactivity in PLN25-202
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/244920_f088d21f648b2b38_004full.jpg
The natural gamma radiation detected in the drill core, as detailed in this news release, was measured
in counts per second (cps) using a handheld Radiation Solutions RS-125 spectrometer. The Company
designates readings exceeding 300 cps on the handheld spectrometer (occasionally referred to as a
scintillometer in industry parlance; this colloquial usage stems from historical naming conventions and
the shared functionality of detecting gamma radiation with a scintillometer)—as "anomalous", readings
above 10,000 cps as "high-grade", and readings surpassing 65,535 cps as "off-scale". However,
readers are cautioned that spectrometer or scintillometer measurements often do not directly or
consistently correlate with the uranium grades of the rock samples and should be regarded solely as a
preliminary indicator of the presence of radioactive materials.
Samples from the drill core are split into half sections on site. Where possible, samples are
standardized at 0.5m down-hole intervals. One-half of the split sample is sent to SRC Geoanalytical
Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK while the other half
remains on site for reference. Analysis includes a 63 element suite including boron by ICP-OES, uranium
by ICP-MS and gold analysis by ICP-OES and/or AAS.
The Company considers uranium mineralization with assay results of greater than 1.0 weight % U
3
O
8
as
"high grade" and results greater than 20.0 weight % U
3
O
8
as "ultra-high grade".
All depth measurements reported are down-hole and true thicknesses are yet to be determined.
About the Patterson Lake North Project:
The Company's 42,961-hectare 100% owned Patterson Lake North Project (PLN) is located just within
the south-western edge of the Athabasca Basin in proximity to Paladin's Triple R and NexGen Energy's
Arrow high-grade uranium deposits, an area poised to become the next major area of development for
new uranium operations in northern Saskatchewan. The PLN Project consists of the 4,074-hectare
Patterson Lake North Property, the 19,864-hectare Minto Property, and the 19,022-hectare Broach
Property. All three properties comprising the PLN Project are accessed by Provincial Highway 955; the
new JR Zone uranium discovery on the PLN property is located 23km northwest of Paladin's Triple R
deposit.
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian
regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by
Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has
verified the data disclosed.
About F3 Uranium Corp.:
F3 Uranium is a uranium exploration company, focusing on the recently discovered high-grade JR Zone
on its Patterson Lake North (PLN) Project in the Western Athabasca Basin. F3 Uranium currently has 3
properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach
.
The western side of the
Athabasca Basin, Saskatchewan, is home to some of the world's largest high grade uranium deposits
including Paladin's Triple R and Nexgen's Arrow.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable
securities laws. All statements that are not historical facts, including without limitation, statements
regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions,
expectations or beliefs of future performance, including statements regarding the suitability of the
Properties for mining exploration, future payments, issuance of shares and work commitment funds,
entry into of a definitive option agreement respecting the Properties, are "forward-looking statements."
These forward-looking statements reflect the expectations or beliefs of management of the Company
based on information currently available to it. Forward-Looking statements are subject to a number of
risks and uncertainties, including those detailed from time to time in filings made by the Company with
securities regulatory authorities, which may cause actual outcomes to differ materially from those
discussed in the forward-looking statements. These factors should be considered carefully and readers
are cautioned not to place undue reliance on such forward-looking statements. The forward-looking
statements and information contained in this news release are made as of the date hereof and the
Company undertakes no obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise, unless so required by
applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or
disapproved the contents of this press release, and do not accept responsibility for the adequacy or
accuracy of this release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email:
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/244920