F3 Hits 12.0% U3O8 Over 2.0m Within 2.66% Over 10.5m Discovers A1 Shear Extension 3.2km South of JR
F3 Hits 12.0% U3O8 Over 2.0m Within 2.66%
Over 10.5m
Discovers A1 Shear Extension 3.2km South of JR
Kelowna, British Columbia--(Newsfile Corp. - October 29, 2024) -
F3 Uranium Corp
(TSXV: FUU)
(OTC Pink: FUUFF)
("
F3
" or "
the Company
") is pleased to announce assay results for thirteen
drillholes of the ongoing 2024 drill program on the PLN Property, including PLN24-161 at the JR Zone
(see NR August 13, 2024) which returned
10.5m of 2.66% U
3
O
8
, including a
high grade 2.0m interval
averaging 12.0% U
3
O
8
, further including an ultra-high grade core of
0.5m of 20.7% U
3
O
8
.
Significant
mineralization over a 13.5m interval was intersected in PLN24-184 on line 105S at JR, including
1.5m
off-scale radioactivity (>65,535 cps)
between 235.60 and 240.10m.
Exploration drilling focused mainly on the B1 area close to, and south of the Harrison Fault, with a
number of very prospective drill holes, highlighted by PLN24-187 which was drilled on line 3240S,
approximately 400m south of the Harrison Fault, and on section with PLN24-183. PLN24-183 was the
first hole to intersect what is interpreted to be the southern extension of the A1 shear zone hosting the JR
Zone. Due to encouraging alteration and intense shearing a down dip hole was drilled, and PLN24-187
encountered intense alteration and anomalous radioactivity (see Table 1 and Photo 1).
Sam Hartmann, Vice President Exploration, commented:
"Today's update includes scintillometer results of drilling in the JR Zone, where three holes successfully
targeted high grade mineralization in areas of lower drill hole density, as well as high-grade assay results
of drillholes completed and previously announced earlier in the program. Exploration drilling south of the
Harrison Fault discovered the A1 Shear Extension, ~400m beyond the previously interpreted southern
extent of the A1 shear, as a discrete continuation, and parallel to the B1 structures. This potential for
stacked and parallel structure south of Harrison Fault provides further high priority drill targets for high
grade uranium mineralization."
JR Zone Assay Highlights:
PLN24-161
(line 035S):
10.5m @ 2.66% U
3
O
8
(206.5m to 217.5m), including:
2.0m @ 12.0% U
3
O
8
(207.5m to 209.5m), further including:
0.5m @ 20.7% U
3
O
8
(208.0m to 208.5m)
PLN24-163
(line 095S):
13.0m @ 0.45% U
3
O
8
(197.0m to 210.0m), including:
2.5m @ 1.77 % U
3
O
8
(204.0m to 206.5m)
JR Zone Handheld Spectrometer Highlights:
PLN24-184
(line 105S):
13.5m
mineralization from 228.5m - 242.0m, including
3.80 m
cumulative mineralization of >10,000 cps radioactivity between 233.00m - 240.30m,
including
1.5m
cumulative
off-scale radioactivity (>65,535 cps)
between 235.60 -240.10m
PLN24-185
(line 025S)
13.0m
mineralization from 218.0m - 231.0m, including
2.30 m
cumulative mineralization of >10,000 cps radioactivity between 223.00m - 230.50m,
including 0.5m cumulative
off-scale radioactivity (>65,535 cps)
between 223.00 -
2424.00m
Exploration Handheld Spectrometer Highlights:
PLN24-178
(line 2835S): B1 Exploration
0.5m
radioactivity from 446.5m - 447m with a peak of 310 cps
PLN24-180
(line 1125S): A1 South Exploration
0.5m
radioactivity from 319.0m - 319.5m with a peak of 700 cps
PLN24-181
(line 2880S): B1 Exploration
0.5m
radioactivity from 377.5m - 378.0m with a peak of 360 cps
PLN24-187
(line 3240S): B1 Exploration
0.5m
radioactivity from 549.0m - 549.5m with a peak of 300 cps
Figure 1: JR Zone Assay and Spectrometer Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/228040_figure1.jpg
Figure 2: 2024 Drilling on A1 and B1 Shear Zones and new A1 Shear Extension
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/228040_plndrill2.jpg
Photo 1. A1 Extension in PLN24-187
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/228040_2deb68b6544e78ce_003full.jpg
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)
U
3
O
8
weight
%
PLN24-153
555S
588064.37
6410321.99
534.56
-72.0
55.6
A1 Exploration; no mineralization >0.05
PLN24-154
2100S
587534.07
6408053.06
531.83
-60.2
35.9
A3 Exploration; no mineralization >0.05
PLN24-155
1215S
588507.31
6409827.87
536.43
-69.9
58.0
A1 Exploration; no mineralization >0.05
PLN24-156
1335S
588571.28
6409726.11
543.90
-70.0
53.2
A1 Exploration; no mineralization >0.05
PLN24-157
2745S
589215.28
6408451.38
540.75
-65.3
54.2
A1 Exploration; no mineralization >0.05
PLN24-158
2040S
588934.86
6409122.90
543.88
-70.1
56.5
A1 Exploration; no mineralization >0.05
PLN24-159
2235S
589041.26
6408957.53
543.16
-70.5
52.4
A1 Exploration; no mineralization >0.05
PLN24-160
2430S
589122.80
6408773.08
543.36
-71.5
59.0
A1 Exploration; no mineralization >0.05
PLN24-161
035S
587790.97
6410763.91
546.37
-80.3
57.0
206.50
207.50
1.00
0.19
207.50
209.50
2.00
12.0
incl
208.00
208.50
0.50
20.7
209.50
217.00
7.50
0.49
incl
215.50
216.00
0.50
2.31
PLN24-162
2850S
589301.35
6408383.61
538.03
-67.9
54.5
A1 Exploration; no mineralization >0.05
PLN24-163
095S
587813.11
6410709.84
546.85
-78.5
52.4
197.00
204.00
7.00
0.09
204.00
206.50
2.50
1.77
incl
205.50
206.00
0.50
3.32
206.50
210.00
3.50
0.24
PLN24-164
2880S
589259.50
6408356.75
538.22
-65.3
68.9
A1 Exploration; no mineralization >0.05
PLN24-165
3195S
589613.77
6408183.67
535.01
-72.4
55.0
B1 Exploration; no mineralization >0.05
Assay composite parameters:
1: Minimum Thickness of 0.5 m
2: Assay Grade Cut-Off: 0.05% U3O8 (weight %)
3. Maximum Internal Dilution: 2.0 m
Table 2. 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
PLN24-178
2835S
589250.1
6408364.9
537.6
-66.5
53.5
446.50
447.00
0.50
310
175.4
554
PLN24-179
4245S
590177.8
6407292.3
542.2
-64.3
54.2
B1 MSZ Exploration; no radioactivity
>300 cps
372.8
533
PLN24-180
1125S
588192.3
6409710.1
542.3
-60.1
54.4
319.00
319.50
0.50
700
n.a.
556
PLN24-181
2880S
589300.5
6408383.0
539.6
-65.1
79.3
377.50
378.00
0.50
360
200.0, 308.6,
360.3
466
PLN24-182
5280S
590644.1
6406355.3
539.2
-71.8
53.6
B1 MSZ Exploration; no radioactivity
>300 cps
342.7
446
PLN24-183
3240S
589413.8
6407982.6
530.1
-59.0
54.1
B1 MSZ Exploration; no radioactivity
>300 cps
392.6
743
PLN24-184
105S
587752.6
6410654.2
544.6
-62.1
53.2
207.50
208.00
0.50
540
194.4
290
228.50
229.00
0.50
980
229.00
229.50
0.50
560
229.50
230.00
0.50
1100
230.00
230.50
0.50
540
230.50
231.00
0.50
<300
231.00
231.50
0.50
2400
231.50
232.00
0.50
690
232.00
232.50
0.50
680
232.50
233.00
0.50
540
233.00
233.50
0.50
36100
233.50
233.80
0.30
22100
233.80
234.00
0.20
9900
234.00
234.50
0.50
350
234.50
235.00
0.50
7200
235.00
235.50
0.50
8700
235.50
235.60
0.10
65500
235.60
235.90
0.30
>65535
235.90
236.00
0.10
65500
236.00
236.50
0.50
550
236.50
237.00
0.50
16900
237.00
237.50
0.50
730
237.50
238.00
0.50
1700
238.00
238.15
0.15
65500
238.15
238.50
0.35
>65535
238.50
238.65
0.15
65500
238.65
239.00
0.35
>65535
239.00
239.20
0.20
23300
239.20
239.50
0.30
9900
239.50
239.60
0.10
65500
239.60
240.00
0.40
>65535
240.00
240.10
0.10
>65535
240.10
240.30
0.20
65500
240.30
240.50
0.20
9900
240.50
241.00
0.50
520
241.00
241.50
0.50
620
241.50
242.00
0.50
440
244.00
244.50
0.50
750
244.50
245.00
0.50
810
PLN24-185
025S
587736.8
6410738.8
545.3
-65.9
52.9
218.00
218.50
0.50
570
197.2
278
218.50
219.50
1.00
<300
219.50
220.00
0.50
800
220.00
220.50
0.50
630
220.50
221.00
0.50
380
221.00
222.00
1.00
<300
222.00
222.50
0.50
6100
222.50
223.00
0.50
5600
223.00
223.30
0.30
>65535
223.30
223.50
0.20
59400
223.50
223.80
0.30
58700
223.80
224.00
0.20
>65535
224.00
224.50
0.50
46700
224.50
224.85
0.35
23200
224.85
225.00
0.15
9800
225.00
225.25
0.25
17600
225.25
225.50
0.25
9100
225.50
226.00
0.50
8300
226.00
226.50
0.50
4600
226.50
227.00
0.50
8000
227.00
227.50
0.50
800
227.50
228.00
0.50
380
228.00
228.50
0.50
800
228.50
230.00
1.50
<300
230.00
230.30
0.30
5200
230.30
230.50
0.20
33000
230.50
231.00
0.50
1100
PLN24-186
035S
587810.1
6410777.2
545.7
-79.2
50.9
186.50
187.00
0.50
360
175.0
263
187.00
187.50
0.50
810
187.50
188.00
0.50
310
188.00
188.50
0.50
350
188.50
189.00
0.50
<300
189.00
189.50
0.50
560
189.50
190.00
0.50
1100
190.00
190.50
0.50
1400
190.50
191.00
0.50
1700
191.00
191.50
0.50
2400
191.50
191.65
0.15
4100
191.65
192.00
0.35
13100
192.00
192.50
0.50
2600
192.50
193.00
0.50
2000
193.00
193.50
0.50
13300
193.50
194.00
0.50
9400
194.00
194.50
0.50
7000
194.50
195.00
0.50
2800
195.00
195.50
0.50
3500
195.50
196.00
0.50
330
196.00
196.50
0.50
1700
196.50
197.00
0.50
1300
197.00
197.50
0.50
470
PLN24-187
3240S
589410.2
6407980.4
530.8
-65.4
53.8
549.00
549.50
0.50
300
373.0
713
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.
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.
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 exploration company advancing its newly discovered high-grade JR Zone and
exploring for additional mineralized zones on its 100%-owned Patterson Lake North (PLN) Project in the
southwest Athabasca Basin. PLN is accessed by Provincial Highway 955, which transects the property,
and the new JR Zone discovery is located ~25km northwest of Fission Uranium's Triple R and NexGen
Energy's Arrow high-grade uranium deposits. This area is poised to become the next major area of
development for new uranium operations in northern Saskatchewan. The PLN project is comprised of
the PLN, Minto and Broach properties. The Broach property incorporates the former PW property which
was obtained from CanAlaska as a 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 the 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
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/228040