F3 Grows JR by 50% and Hits Strongest Radioactivity To Date With 6.0m Off-scale (>65,535 cps) Steps Out 135m From Discovery Hole and Extends Strike Length to 156m
F3 Grows JR by 50% and Hits Strongest
Radioactivity To Date With 6.0m Off-scale
(>65,535 cps)
Steps Out 135m From Discovery Hole and Extends Strike
Length to 156m
Kelowna, British Columbia--(Newsfile Corp. - July 4, 2023) -
F3 Uranium Corp
(
TSV: FUU
) (
OTCQB:
FUUFF
) ("
F3
" or "
the Company
") is pleased to announce scintillometer results from the initial eight
holes of the ongoing 30-hole summer drill program at the JR Zone on the Patterson Lake North ("PLN")
Property, including four high grade intercepts. Drill hole PLN23-068 tested for mineralization 22 meters
up-dip of the high grade intercept reported in PLN23-060 (see NR April 17, 2023) on line 060S and
intersected mineralization over a 19.0m interval, including
6.00m off-scale radioactivity (>65,535 cps)
between 234.00m and 245.00m, 5.00m of which is continuous. The JR Zone was extended grid south to
line 135S, a 50% increase in the JR Zone strike length to 156m, after stepping out 30m from line 105S,
where PLN23-66 hit 16.5m of composite mineralization between 219.0m and 260.5m.
Sam Hartmann, Vice President Exploration, commented:
"We are pleased with the rapid progression of this summer drill program and the results generated far. In
particular PLN23-068 returned exceedingly strong results on line 60S, with mineralization starting only
approximately 17 meters vertically below the Athabasca Unconformity, which remains a target for this
drill program. So far we are sticking to the script and growing the mineralized footprint along strike and
up-dip towards the unconformity as planned. PLN23-067 stepped out to line 135S, and although the
radioactivity is less intense, there is mineralization over a 16.5 meter interval, which sets us up for further
step outs towards the south. A second sonic drill in addition to a second diamond drill later this month
will see the inclusion of some exploration drilling along the A1 main shear, as well as contribute to JR
Zone expansion drilling."
Drilling Highlight:
PLN23-068
(line 060S):
19.0m
mineralization from 228.0m - 247.0m, including
8.09m
composite
mineralization of >10,000 cps radioactivity between 233.60m - 245.00m
including
6.00m off-scale radioactivity(> 65,535 cps)
between 234.00m and 245.00m, of
which 5.00m is continuous
Main Intercepts:
PLN23-063
(line 030S):
13.5m
mineralization from 233.0m - 246.5m, including
0.70m
continuous
mineralization of >10,000 cps radioactivity between 237.30m - 238.00m
0.43m
continuous
mineralization of >10,000 cps radioactivity between 243.73m - 244.16m
PLN23-064
(line 105S):
17.5m
mineralization from 233.0m - 250.5m, including
0.40m
composite mineralization of >10,000 cps radioactivity between 237.88m - 241.5m
with a peak of 35,500 cps over 0.12m from 237.88m - 238.00m
PLN23-065
(line 0755S):
3.5m
mineralization from 242.0m - 245.5m
PLN23-066
(line 105S):
16.5m
composite mineralization from 219.0m - 260.5m, including
0.21m of mineralization
of >
10,000 cps radioactivity between 248.79m - 249.0m with a
peak of 11,700 cps
PLN23-067
(line 135S):
16.5m
mineralization from 222.0m - 238.5m
PLN23-069
(line 135S):
1.5m
mineralization from 228.5m - 230.0m
PLN23-070
(line 135S):
6.0m
composite mineralization from 232.0m - 244.5m
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. Samples from the drill core are split in
half on site and are standardized at 0.5m lengths. One half of the split sample will be submitted to SRC
Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK. for
lithogeochemical analysis using their "Uranium Package".
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.
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
PLN23-
063
030S
587715.691
6410720.56
545.108
56
-61
233.00
233.50
0.50
1000
207.1
350
233.50
234.00
0.50
520
234.00
234.50
0.50
2800
234.50
235.00
0.50
4700
235.00
235.50
0.50
1100
235.50
236.00
0.50
960
236.00
236.50
0.50
5100
236.50
237.00
0.50
1400
237.00
237.30
0.30
6300
237.30
237.50
0.20
25300
237.50
238.00
0.50
23800
238.00
238.50
0.50
2200
238.50
239.00
0.50
2200
239.00
239.50
0.50
660
239.50
240.00
0.50
810
240.00
240.50
0.50
480
240.50
241.00
0.50
1300
241.00
241.50
0.50
820
241.50
242.00
0.50
1400
242.00
242.50
0.50
1500
242.50
243.00
0.50
590
243.00
243.50
0.50
2500
243.50
243.73
0.23
3500
243.73
244.00
0.27
13000
244.00
244.16
0.16
16900
244.16
244.50
0.34
2400
244.50
246.00
1.50
<300
246.00
246.50
0.50
440
PLN23-
064
105S
587746.116
6410646.05
545.245
55
-58
233.00
233.50
0.50
370
203.0
428.2
233.50
234.00
0.50
600
234.00
234.50
0.50
800
234.50
235.00
0.50
950
235.00
235.50
0.50
580
235.50
236.00
0.50
610
236.00
236.50
0.50
5400
236.50
237.00
0.50
2500
237.00
237.50
0.50
2500
237.50
237.88
0.38
2900
237.88
238.00
0.12
35500
238.00
238.50
0.50
8400
238.50
239.00
0.50
4100
239.00
239.50
0.50
5200
239.50
240.00
0.50
800
240.00
240.50
0.50
3300
240.50
241.00
0.50
6100
241.00
241.22
0.22
3100
241.22
241.50
0.28
11400
241.50
242.00
0.50
5000
242.00
242.50
0.50
2100
242.50
243.00
0.50
4400
243.00
243.50
0.50
360
243.50
244.00
0.50
430
244.00
244.50
0.50
940
244.50
245.00
0.50
1700
245.00
245.50
0.50
3900
245.50
246.00
0.50
430
246.00
246.50
0.50
810
246.50
247.00
0.50
730
247.00
247.50
0.50
410
247.50
248.00
0.50
430
248.00
248.50
0.50
<300
248.50
249.00
0.50
1100
249.00
249.50
0.50
2700
249.50
250.00
0.50
1100
250.00
250.50
0.50
440
PLN23-
065
075S
587715.124
6410659.46
545.447
55
-61
242.00
242.50
0.50
360
198.0
317
242.50
243.00
0.50
540
243.00
243.50
0.50
520
243.50
244.00
0.50
1100
244.00
244.50
0.50
310
244.50
245.00
0.50
<300
245.00
245.50
0.50
1300
PLN23-
066
105S
587737.885
6410640.33
545.017
54
-60
219.00
219.50
0.50
510
194.2
356
219.50
220.00
0.50
680
220.00
220.50
0.50
470
220.50
222.00
1.50
<300
222.00
222.50
0.50
840
222.50
223.00
0.50
770
223.00
223.50
0.50
470
223.50
224.00
0.50
830
224.00
224.50
0.50
1400
224.50
225.00
0.50
1100
225.00
225.50
0.50
1400
225.50
226.00
0.50
1600
226.00
226.50
0.50
980
226.50
227.00
0.50
940
227.00
227.50
0.50
980
239.50
240.00
0.50
370
240.00
240.50
0.50
330
240.50
241.00
0.50
560
243.50
244.00
0.50
1300
244.00
244.50
0.50
370
244.50
245.00
0.50
500
245.00
245.50
0.50
500
245.50
246.00
0.50
720
246.00
246.50
0.50
1400
246.50
247.00
0.50
4000
247.00
247.50
0.50
500
247.50
248.00
0.50
1500
248.00
248.50
0.50
3800
248.50
248.79
0.29
8800
248.79
249.00
0.21
11700
249.00
249.50
0.50
5000
260.00
260.50
0.50
690
PLN23-
067
135S
587771.893
6410629.1
544.924
54
-61
222.00
222.50
0.50
980
185.3
386
222.50
223.00
0.50
1300
223.00
223.50
0.50
420
223.50
224.00
0.50
<300
224.00
224.50
0.50
850
224.50
225.00
0.50
760
225.00
225.50
0.50
460
225.50
226.00
0.50
310
226.00
226.50
0.50
420
226.50
227.00
0.50
710
227.00
227.50
0.50
1100
227.50
228.00
0.50
630
228.00
228.50
0.50
930
228.50
229.50
1.00
<300
229.50
230.00
0.50
330
230.00
230.50
0.50
570
230.50
231.00
0.50
3400
231.00
231.50
0.50
3200
231.50
232.00
0.50
2300
232.00
232.50
0.50
490
232.50
233.00
0.50
460
233.00
233.50
0.50
490
233.50
234.00
0.50
3100
234.00
234.50
0.50
3100
234.50
235.00
0.50
6300
235.00
235.50
0.50
1400
235.50
236.00
0.50
1400
236.00
236.50
0.50
2100
236.50
237.00
0.50
1900
237.00
237.50
0.50
970
237.50
238.00
0.50
2800
238.00
238.50
0.50
4200
PLN23-
068
060S
587736.962
6410695.49
545.483
54
-59
228.00
228.50
0.50
390
209.0
365
228.50
230.00
1.50
<300
230.00
230.50
0.50
410
230.50
231.00
0.50
670
231.00
231.50
0.50
730
231.50
232.00
0.50
330
232.00
232.50
0.50
1700
232.50
233.00
0.50
820
233.00
233.50
0.50
2400
233.50
233.60
0.10
6000
233.60
234.00
0.40
62100
234.00
234.50
0.50
>65535
234.50
234.74
0.24
4900
234.74
234.80
0.06
13600
234.80
235.00
0.20
9600
235.00
235.50
0.50
>65535
235.50
236.00
0.50
>65535
236.00
236.50
0.50
>65535
236.50
237.00
0.50
>65535
237.00
237.50
0.50
>65535
237.50
238.00
0.50
>65535
238.00
238.50
0.50
>65535
238.50
239.00
0.50
>65535
239.00
239.50
0.50
>65535
239.50
240.00
0.50
>65535
240.00
240.25
0.25
6700
240.25
240.50
0.25
12800
240.50
240.90
0.40
7200
240.90
241.00
0.10
10100
241.00
241.17
0.17
6100
241.17
241.50
0.33
13100
241.50
242.00
0.50
3100
242.00
242.15
0.15
7200
242.15
242.50
0.35
23200
242.50
243.00
0.50
1800
243.00
243.20
0.20
710
243.20
243.50
0.30
11300
243.50
243.80
0.30
18600
243.80
244.00
0.20
3200
244.00
244.50
0.50
3800
244.50
245.00
0.50
>65535
245.00
245.50
0.50
2500
245.50
246.00
0.50
3400
246.00
246.50
0.50
620
246.50
247.00
0.50
440
PLN23-
069
135S
587780.362
6410634.04
544.934
55
-60
228.50
229.00
0.50
2400
191.7
308
229.00
229.50
0.50
1300
229.50
230.00
0.50
310
PLN23-
070
135S
587764.928
6410620.11
544.8
54
-62
232.00
232.50
0.50
300
185.1
353
232.50
233.00
0.50
<300
233.00
233.50
0.50
440
240.00
240.50
0.50
320
240.50
241.00
0.50
480
241.00
241.50
0.50
<300
241.50
242.00
0.50
1400
242.00
243.50
1.50
<300
243.50
244.00
0.50
520
244.00
244.50
0.50
350
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
About Patterson Lake North:
The Company's large 39,946-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., Vice President of Exploration 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 16 projects in the Athabasca Basin. Several of F3's projects are near large uranium
discoveries including Triple R, Arrow and Hurricane.
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:
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