F3 Drills 2.0m of 20.6% U3O8 Within 7.56% over 5.5m at JR Zone and Encounters Strongly Anomalous Boron in Sandstone at A1B
F3 Drills 2.0m of 20.6% U3O8 Within 7.56%
over 5.5m at JR Zone and Encounters Strongly
Anomalous Boron in Sandstone at A1B
Kelowna, British Columbia--(Newsfile Corp. - November 27, 2023) -
F3 Uranium Corp
(
TSXV: FUU
)
(
OTCQB: FUUFF
) ("
F3
" or "
the Company
") is pleased to announce additional assay results for the
ongoing drill program, including PLN23-086 (see NR dated August 14, 2023) which returned
5.5m of
7.56 % U
3
O
8
, including an
ultra-high grade 2.0m interval averaging 20.6% U
3
O
8
. At the A1B area,
drill hole PLN23-093 encountered a 2.0m interval averaging 5,557 ppm Boron in highly altered
Athabasca Sandstone, approximately 17m from the unconformity along the A1B shear.
Sam Hartmann, VP Exploration commented:
"In addition to high grade assay intercepts reported in the JR Zone, we are pleased to discuss our first
geochemical exploration drilling results from the A1B area; drill hole PLN23-093, where intense
sandstone and basement alteration was previously reported, returned a 2.0m interval with significant
individual boron values between 3,000 and 10,000 ppm. Boron values over 5,000 ppm, associated with
dravite veining and breccias, have previously only been intersected on the property within Athabasca
Sandstone immediately above the JR Zone, 3.5 km away.
"PLN23-095, which was a deeper target intercept approximately 800m grid north of PLN23-093,
previously reported anomalous radioactivity up to 300 cps within a fault system related to the A1B
conductor; this returned basement hosted uranium values up to 58 ppm. To put that into context, PLN23-
071 (see NR dated July 17, 2023) on line 165S returned a maximum of 51 ppm uranium in the A1 shear,
45m along strike away from high grade mineralization within the JR Zone.
It is our view that in
comparison to the JR Zone, the A1B system represents an area of widespread structural complexity,
with evidence of significant re-activated reverse structures extending into the sandstone. With this
complexity also comes opportunity and I see the A1B shear area among the most prospective places to
make the next discovery, considering these first geochemistry results. Going forward we will refer to the
A1B shear zone as B1 to differentiate it more clearly from the A1 shear zone, as a separate structure."
Assay Highlights
PLN23-086 (line 045S):
mineralized intervals
2.5m @ 0.18% U
3
O
8
(221.5m to 224.0m), and
5.5m @ 7.56% U
3
O
8
(229.5m to 235.0m), including
2.0m @ 20.6% U
3
O
8
(232.0 m to 234.0m), further including:
0.5m @ 35.7% U
3
O
8
(232.5 m to 233.0m)
Main JR Zone Intercepts
PLN23-084 (line 075S):
mineralized intervals
12.5m @ 0.39% U
3
O
8
(232.0m to 244.5m), including
1.0m @ 2.22
%
U
3
O
8
(237.5m to 238.5m), and
PLN23-090 (line 120S):
mineralized intervals
10.0m @ 1.29% U
3
O
8
(232.0m to 242.0m), including
2.5m @ 4.33% U
3
O
8
(239.0m to 241.5m)
PLN23-097 (line 045S):
mineralized intervals
13.0m @ 1.34% U
3
O
8
(210.0m to 223.0m), including
4.5m @ 3.52% U
3
O
8
(215.5m to 220.0m)
Exploration Drilling Highlights:
PLN23-093 (line 3450S), B1 Area (formerly A1B):
2.0m @ 5,557 ppm boron (354.5m to 356.5m) in sandstone, including
0.5m @ 10,800 ppm boron (355.0m to 355.5m)
PLN23-095 (line 2610S), B1 Area (formerly A1B):
24.5m @ 25 ppm uranium (602.0m to 626.5m) in basement, including
3.5m @ 41 ppm uranium (604.5m to 608.0m), further including
0.5m @ 58 ppm uranium (607.5m to 608m)
Table 1. Drill Hole Summary and Uranium Assay Results
Collar Information
Assay Results
Hole ID
Grid Line
Easting
Northing
Elevation
Az
Dip
From
(m)
To
(m)
Interval
(m)
U3O8 weight
%
PLN23-084
075S
587744.1
6410682.2
545.4
-60.4
55.5
232.00
237.50
5.50
0.39
237.50
238.50
1.00
2.22
238.50
244.50
6.00
0.10
PLN23-085
300S
587846.1
6410453.0
527.5
-45.1
48.5
A1 MSZ exploration; no mineralization >0.05
PLN23-086
045S
587742.2
6410718.2
545.2
-60.4
55.4
221.50
224.00
2.50
0.18
229.50
232.00
2.50
0.18
232.00
234.00
2.00
20.55
incl
232.50
233.00
0.50
35.70
234.00
235.00
1.00
0.04
PLN23-087
435S
587983.0
6410421.8
531.5
-59.7
54.2
A1 MSZ exploration; no mineralization >0.05
PLN23-088
060S
587640.5
6410626.1
543.9
-70.5
53.8
no mineralization >0.05
PLN23-089
300S
587849.0
6410449.7
527.2
-55.4
45.8
A1 MSZ exploration; no mineralization >0.05
PLN23-090
120S
587828.0
6410594.8
545.5
-60.5
13.6
232.00
239.00
7.00
0.27
239.00
241.50
2.50
4.33
241.50
242.00
0.50
0.28
245.00
245.50
0.50
0.93
PLN23-091
555S
588100.3
6410348.0
534.4
-60.0
54.3
A1 MSZ exploration; no mineralization >0.05
PLN23-092
060S
587806.5
6410746.2
546.1
-55.0
54.9
no mineralization >0.05
PLN23-093
3450S
589796.7
6408001.6
540.0
-55.9
53.6
A1B MSZ exploration; no mineralization >0.05
PLN23-094
105S
587766.7
6410661.8
544.4
-59.2
54.1
233.50
234.00
0.50
0.06
PLN23-095
2610S
589161.3
6408578.2
542.7
-50.5
54.3
A1 MSZ exploration; no mineralization >0.05
PLN23-096
090S
587780.0
6410689.9
546.3
-61.0
54.0
221.00
221.50
0.50
0.06
PLN23-097
045S
587755.1
6410727.5
545.4
-59.8
55.7
210.00
215.50
5.50
0.16
215.50
220.00
4.50
3.52
220.00
223.00
3.00
0.23
PLN23-098
120S
587766.3
6410642.8
544.5
-58.3
54.4
233.00
233.50
0.50
0.09
PLN23-099
045S
587767.9
6410736.9
545.3
-60.2
53.9
no mineralization >0.05
PLN23-100
840S
588319.3
6410154.7
532.6
-60.0
54.3
A1 MSZ exploration; no mineralization >0.05
Assay composite parameters:
1: Minimum Thickness of 0.5 m
2: Assay Grade Cut-Off: 0.05% U
3
O
8
(weight %)
3. Maximum Internal Dilution: 2.0 m
Composited weight % U
3
O
8
mineralized intervals are summarized in Table 1. Samples from the drill
core are split in 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 thickness are yet to be determined but the
Company estimates true thickness of the reported intervals in this news release to be close to reported
interval widths.
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
See plan maps below and cross sections at
PLN JR Zone| F3 Uranium Corp.
under Sections.
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