F3 - Hits 13.7% U3O8 Over 2.5m Within 5.5% Over 7.5m at JR Engaged SLR for Mineral Resource Estimate
F3 - Hits 13.7% U3O8 Over 2.5m Within 5.5%
Over 7.5m at JR
Engaged SLR for Mineral Resource Estimate
Kelowna, British Columbia--(Newsfile Corp. - July 16, 2025) -
F3 Uranium Corp
(TSXV: FUU)
(OTCQB: FUUFF)
("
F3
" or "
the Company
") is pleased to announce the final assay results of 2024 JR
Zone drilling including drillhole PLN24-184 (See NR October 29, 2024) which returned
13.0m of 3.2%
U
3
O
8
, including a high grade core with
2.5m of 13.7% U
3
O
8
. Exploration geochemical results are
highlighted by PLN24-187 which targeted and intersected the A1 Extension 3.2km along strike from JR
Zone, an interpreted continuation of the A1 Main Shear on the southeast side of the Harrison Fault and
which intersected strongly elevated uranium values averaging 70ppm over 8.5m, with a peak of 244ppm
at 549.0m.
Elevated uranium values of 111ppm U over 5.5m between 193.5 - 199.0m in PLN14-019 helped
prioritize the A1 conductor which hosts the JR Zone. Continued anomalous intersects across the
Harrison fault, A1 Extension and B1 areas highlight the complex geologic and structural setting which still
hosts numerous high priority untested targets.
F3 is also pleased to announce the engagement of SLR International Corporation ("SLR") to complete
the maiden resource estimate for the Company. SLR brings deep familiarity with basement hosted
uranium deposit modeling and resource estimation and is qualified to prepare a NI 43-101 Technical
Report on the Patterson Lake North Project, targeted for completion in Q4 2025.
2024 JR Zone Highlights:
PLN24-184
(line 105S):
13.0m @ 3.2% U
3
O
8
(228.5m to 241.5m), including:
2.5 @ 13.7% U
3
O
8
(238.0m to 240.5m), further including:
0.5m @ 26.3% U
3
O
8
(238.5m to 239.0m)
PLN24-185
(line 025S):
11.5m @ 2.7% U
3
O
8
(219.5m to 231.0m), including:
3.5m
@ 8.2% U
3
O
8
(222.5m to 226.0m), further including:
1.0m @ 17.7% U
3
O
8
(223.0m to 224.0m)
2024 Exploration Highlights:
PLN24-178
(line 2535S):
2.0m @ 94ppm U (446.5m to 448.5m), including:
0.5m @ 128ppm U (446.5m to 447.0m)
PLN24-179
(line 4245S):
0.5m @ 119ppm U (426.0m to 426.5m)
PLN24-187
(line 3240S):
8.5m @ 70ppm U (545.0m to 553.5m), including:
1.5m @ 198ppm U (549.0m to 550.5m), including:
0.5m @ 244ppm U (549.0m to 549.5m)
Sam Hartmann, Vice President Exploration, commented:
"F3 Uranium is pleased to report the completion of the 2024 assay results for the JR Zone drilling
program. These results will be integrated into our dataset to support the maiden mineral resource
estimate, targeted for completion in Q4 2025. This milestone represents a significant achievement for
F3 Uranium, advancing the JR Zone from discovery to a defined resource.
During this time, we will
continue drilling at our new discovery - the Tetra Zone just 12km to the south."
Table 1. Drill Hole Summary and Uranium Assay Results
Collar Information
Assay Results
Hole ID
Grid Line
Easting
Northing
Elevation
Azi
Dip
From (m)
To
(m)
Interval (m)
U
3
O
8
weight
%
PLN24-169
2820S
589486
6408554
530
113
-70
B1 Exploration; no mineralization >0.05
PLN24-170
150S
587940
6410726
546
58
-85
A1 Exploration; no mineralization >0.05
PLN24-171
3345S
589633
6408013
535
55
-66
B1 Exploration; no mineralization >0.05
PLN24-172
3780S
590006
6407749
539
56
-65
B1 Exploration; no mineralization >0.05
PLN24-173
2850S
589230
6408338
537
55
-67
A1 Exploration; no mineralization >0.05
PLN24-174
3075S
589596
6408116
533
15
-58
B1 Exploration; no mineralization >0.05
PLN24-175
4245S
590243
6407348
543
56
-67
B1 Exploration; no mineralization >0.05
PLN24-177
70S
587813
6410743
547
56
-81
199.5
212.0
12.50
0.17
inc.
210.5
211.0
0.50
1.29
PLN24-178
2535S
589250
6408365
538
54
-67
B1 Exploration; no mineralization >0.05
PLN24-179
4245S
590178
6407292
542
54
-64
B1 Exploration; no mineralization >0.05
PLN24-180
1125S
588192
6409710
542
54
-60
A1 Exploration; no mineralization >0.05
PLN24-181
2880S
589301
6408383
540
79
-65
B1 Exploration; no mineralization >0.05
PLN24-182
5280S
590644
6406355
539
54
-72
B1 Exploration; no mineralization >0.05
PLN24-183
3240S
589414
6407983
530
54
-59
B1 Exploration; no mineralization >0.05
PLN24-184
105S
587753
6410654
545
53
-62
228.5
238.0
9.50
0.73
238.0
240.5
2.50
13.72
inc.
238.0
239.0
1.00
21.65
240.5
241.5
1.00
0.05
244.5
245.0
0.50
0.05
PLN24-185
025S
587737
6410739
545
53
-66
219.5
222.5
3.00
0.19
222.5
226.0
3.50
8.16
inc.
223.0
224.0
1.00
17.70
226.0
231.0
5.00
0.34
PLN24-186
035S
587810
6410777
546
51
-79
187.0
187.5
0.50
0.08
189.5
197.0
7.50
0.33
PLN24-187
3240S
589410
6407980
531
54
-65
B1 Exploration; no mineralization >0.05
PLN24-188
4140S
590100
6407369
544
54
-70
B1 Exploration; no mineralization >0.05
PLN24-189
3450S
589589
6407853
540
54
-70
B1 Exploration; no mineralization >0.05
PLN24-190
3360S
589752
6408087
531
54
-66
B1 Exploration; no mineralization >0.05
PLN24-191
2955S
589548
6408433
531
232
-68
B1 Exploration; no mineralization >0.05
PLN24-192
2895S
589364
6408432
537
94
-66
B1 Exploration; no mineralization >0.05
PLN24-193
3015S
589469
6408464
530
109
-67
B1 Exploration; no mineralization >0.05
PLN24-194
2865S
589594
6408578
532
65
-66
B1 Exploration; no mineralization >0.05
Map 1. JR Zone Drill Holes with Uranium Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/258906_e3ccfb97a473a8ae_002full.jpg
Map 2. Exploration Highlights
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/258906_e3ccfb97a473a8ae_003full.jpg
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 hosting the JR Zone Uranium discovery approximately 23km northwest of
Paladin's Triple R deposit, the 19,864-hectare Minto Property, and the 19,022-hectare Broach Property
hosting the Tetra Zone, F3's newest discovery 13km south of the JR Zone. All three properties
comprising the PLN Project are accessed by Provincial Highway 955.
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
reviewed and approved the data disclosed.
About F3 Uranium Corp.:
F3 is a uranium exploration company, focusing on the high-grade JR Zone and new Tetra Zone
discovery 12km to the south in the PW area on its Patterson Lake North (PLN) Project in the Western
Athabasca Basin. F3 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 project and NexGen's Arrow project.
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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