F3 Expands B1 Shear by 80% with 700m Step- Out Hole Hits 0.71m of Off-Scale (>65,535cps) within 12.0m of Mineralization at JR
F3 Expands B1 Shear by 80% with 700m Step-
Out Hole
Hits 0.71m of Off-Scale (>65,535cps) within 12.0m of
Mineralization at JR
Kelowna, British Columbia--(Newsfile Corp. - August 13, 2024) -
F3 Uranium Corp
(TSXV: FUU)
(OTCQB: FUUFF)
("
F3
" or "
the Company
") is pleased to announce recent JR Zone high grade infill
summer drilling highlighted by PLN24-161, which intersected mineralization over 12.0m, including 2.0m
of high grade (>10,000cps) also hosting
0.71m of composite off-scale mineralization
(>65,535 cps).
Drill hole PLN24-163 at JR intersected
0.90m of composite high grade mineralization (>10,000
cps)
within
20.5m of mineralization (>300cps).
JR Zone infill holes targeted areas of low drill hole
density within the high-grade core of the zone. These holes help to improve and define the continuity of
grade within the JR Zone.
F3 engaged Computational Geosciences to provide new geologically constrained inversions of ground
loop time domain electromagnetic (GTEM) and direct current (DC) resistivity data already collected on
the ground. These parametric models of electric conductivity (see Figure 1) defined a clear extension of
the B1 trend which was tested and validated with drillhole PLN24-168, a 700m step-out along strike from
PLN24-126, which was the most southeasterly hole along the B1 shear zone previously and 1,300m from
its northwest end. Drill hole PLN24-168 intersected a 14.2m strongly prospective and wide clay altered
graphitic shear zone approximately 110m below the Athabasca Unconformity in the down-dip direction
(see Photo 1). Additionally, the inversion indicated the B1 conductor trend to continue to the southeast
an additional 700m to the edge of the survey block resulting in an approximate 80% increase in the total
implied strike length of the B1 shear zone to 2.7km.
Sam Hartmann, Vice President Exploration, commented:
"PLN24-168 was collared on line 4245S, approximately 1.2 km along strike from the Harrison Fault and
PLN24-152 area, opening up an additional 700m of prospective strike from previous drilling. This
wildcat hole was collared conservatively, testing the newly defined conductive feature well below the
Athabasca Unconformity; an altered and strongly graphitic shear representing the continuation of B1 was
intersected as predicted from the conductivity model; it also exhibited elevated radioactivity averaging
200 cps peaking up to 240cps; although that doesn't quite meet our reporting threshold of 300 cps, it
adds to the prospectivity and follow-up holes are now being planned for that area. Geochemistry results
from this ongoing drill program are being integrated into our models and drill plans as they arrive which
is assisting us with targeting with greater confidence."
Figure 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/219744_d09f67fd247b8b6d_002full.jpg
Summer 2024 JR Zone Handheld Spectrometer Highlights:
PLN24-161 (line 035S):
12.0m
interval with mineralization from 205.0m to 217.0m, including
0.71m composite off-scale radioactivity (> 65,535 cps)
between 208.2m and 209.25m
PLN24-163 (line 095S):
20.5m
interval of mineralization between 197.0m to 217.5m, including
0.90m composite high-grade mineralization (> 10,000 cps)
between 205.25 m and 206.5m
Summer 2024 Exploration Handheld Spectrometer Highlights:
PLN24-167
(line 3450S): B1 Exploration
0.5m
mineralized interval from 453.5m to 454.0m
Photo 1: PLN24-168 - 700m Step-Out Along Strike at B1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/219744_d09f67fd247b8b6d_003full.jpg
Table 1. Drill Hole Summary and Handheld Spectrometer Results
Collar Information
* Hand-held Spectrometer Results On Mineralized
Drillcore (>300 cps / >0.5m minimum)
Athabasca
Unconformity Depth
(m)
Total Drillhole
Depth (m)
Hole ID
Section
Line
Easting
Northing
Elevation
Az
Dip
From (m)
To
(m)
Interval (m)
Max CPS
PLN24-
161
035S
587791.0
6410763.9
546.4
-
80.3
57.0
205.00
205.50
0.50
460
179.8
269
205.50
206.00
0.50
<300
206.00
206.50
0.50
450
206.50
207.00
0.50
1500
207.00
207.50
0.50
3800
207.50
208.00
0.50
50600
208.00
208.20
0.20
44000
208.20
208.50
0.30
>65535
208.50
208.66
0.16
>65535
208.66
208.80
0.14
62700
208.80
208.90
0.10
>65535
208.90
209.00
0.10
56700
209.00
209.10
0.10
53700
209.10
209.25
0.15
>65535
209.25
209.50
0.25
52200
209.50
210.00
0.50
8800
210.00
210.50
0.50
3900
210.50
211.00
0.50
1800
211.00
211.50
0.50
910
211.50
212.00
0.50
1800
212.00
212.50
0.50
6500
212.50
213.00
0.50
4200
213.00
213.50
0.50
980
213.50
214.00
0.50
960
214.00
214.50
0.50
9100
214.50
215.00
0.50
4600
215.00
215.50
0.50
4300
215.50
216.00
0.50
15900
216.00
216.50
0.50
1200
216.50
217.00
0.50
950
PLN24-
162
2850S
589301.3
6408383.6
538.0
-
67.9
54.5
426.50
427.00
0.50
340
184.0
521
PLN24-
163
095S
587813.1
6410709.8
546.9
-
78.5
52.4
194.00
194.50
0.50
310
181.33
305
197.00
197.50
0.50
760
197.50
198.00
0.50
<300
198.00
198.50
0.50
400
198.50
199.00
0.50
640
199.00
199.50
0.50
580
199.50
200.00
0.50
3700
200.00
200.50
0.50
1200
200.50
201.00
0.50
540
201.00
201.50
0.50
580
201.50
202.00
0.50
300
202.00
202.50
0.50
410
202.50
203.00
0.50
690
203.00
203.50
0.50
710
203.50
204.00
0.50
1100
204.00
204.50
0.50
4800
204.50
205.00
0.50
3200
205.00
205.25
0.25
5700
205.25
205.50
0.25
21100
205.50
206.00
0.50
19000
206.00
206.35
0.35
5400
206.35
206.50
0.15
11500
206.50
207.00
0.50
4700
207.00
207.50
0.50
400
207.50
208.00
0.50
2800
208.00
208.50
0.50
2600
208.50
209.00
0.50
1200
209.00
209.50
0.50
970
209.50
210.00
0.50
950
210.00
212.00
2.00
<300
212.00
212.50
0.50
580
212.50
214.00
1.50
<300
214.00
214.50
0.50
810
214.50
215.50
1.00
<300
215.50
216.00
0.50
590
216.00
216.50
0.50
500
216.50
217.00
0.50
640
217.00
217.50
0.50
420
PLN24-
164
2880S
589259.5
6408356.8
538.2
-
65.3
68.9
A1 MSZ Exploration; no radioactivity >300 cps
187.52
551
PLN24-
165
3195S
589613.8
6408183.7
535.0
-
72.4
55.0
B1 MSZ Exploration; no radioactivity >300 cps
347.18
526
PLN24-
166
735S
587974.1
6410035.3
555.2
-
60.4
54.9
A1 MSZ Exploration; no radioactivity >300 cps
182.33
512
PLN24-
167
3450S
589969.9
6408137.0
534.4
-
74.2
51.5
453.50
454.00
0.50
310
336.7
512
PLN24-
168
4245S
590177.6
6407291.5
542.3
-
70.3
55.3
B1 MSZ Exploration; no radioactivity >300 cps
365.08
557
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
Natural gamma radiation in the drill core that is reported in this news release was measured in counts
per second (cps) using a handheld Radiation Solutions RS-125 scintillometer. The Company considers
greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and
greater than 65,535 cps as off-scale. The reader is cautioned that scintillometer readings are not directly
or uniformly related to uranium grades of the rock sample measured and should be used only as a
preliminary indication of the presence of radioactive materials.
All depth measurements reported are down-hole and true thickness are yet to be determined.
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 a uranium project generator and exploration company, focusing on projects in the
Athabasca Basin, home to some of the world's largest high grade uranium discovery. F3 Uranium
currently has 20 projects in the Athabasca Basin. Several of F3's projects are near large uranium
discoveries including Triple R, Arrow and Hurricane. F3 has announced a transaction pursuant to which it
will transfer 17 of its prospective uranium exploration properties to F4 in exchange for common shares of
F4 which will be distributed to F3 shareholders on the basis of one F4 Share for every common share of
F3 held; the F4 shares will then be rolled back at a rate of 10 to 1. F3 will retain the PLN Project
consisting of the PLN, Misto and Broach properties. The Broach property incorporates the PW property
which it obtained from CanAlaska as the result of a property swap.
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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