Drilling at JR Zone Continues Focusing on Up Dip and Down Dip
Drilling at JR Zone Continues Focusing on Up
Dip and Down Dip
Kelowna, British Columbia--(Newsfile Corp. - October 25, 2023) -
F3 Uranium Corp.
(TSXV: FUU)
(OTCQB: FUUFF)
("
F3
" or "
the Company
") is pleased to clarify that ongoing drilling with one diamond
drill at the JR Zone which has been defined over a strike length of 156m is filling in up and down dip on
section lines where the mineralization remains open. A second diamond drill that is focused on
exploration drilling to the south of the JR Zone along the A1B conductor continues to intersect
encouraging signs for potential proximal mineralization. The current extended fall drill program is
anticipated to continue until December when there is anticipated to be a break over the Christmas
season before drilling is set to resume in the new year.
Raymond Ashley, President, commented:
"The JR Zone, which is the most exciting recent discovery in the Athabasca Basin, is located at the north
end of the conductive corridor which contains the A1 and parallel and offset A1B conductors. Many of the
uranium deposits in the Athabasca Basin occur as individual and separate mineralized zones along a
linear conductive geological fault structure, so called pearls on a string. The MobileMT electromagnetic
survey has expanded the strike length of this prospective corridor by one third, to a total of 4.9km, and
has thereby substantially increased the strike length for potential additional mineralized zones.
Continuing to intersect many of the hallmarks that identify the A1 main shear zone with drilling at A1B,
and knowing that the funds are in place for continued aggressive exploration, has the team excited about
the potential for the discovery of a second mineralized zone at PLN."
About Patterson Lake North:
The Company's 4,078-hectare 100% owned Patterson Lake North property (PLN) is located just within
the south-western edge of the Athabasca Basin in proximity to Fission Uranium's Triple R and NexGen
Energy's Arrow high-grade world class uranium deposits which is poised to become the next major area
of development for new uranium operations in northern Saskatchewan. PLN is accessed by Provincial
Highway 955, which transects the property, and the new JR Zone uranium discovery is located 23km
northwest of Fission Uranium's Triple R deposit.
Qualified Person:
The technical information in this news release has been prepare 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 advancing the newly discovered high-grade JR Zone on the PLN Property in the Western
Athabasca Basin. This area of Saskatchewan is poised to become a major uranium producing region
and is home to large deposits including Triple R, Arrow and Shea Creek. F3 Uranium currently holds 18
projects across the Athabasca Basin.
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
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https://www.newsfilecorp.com/release/185162