F3 Hits 2.5m of 18.6% U3O8 within 3.2% over 15.0m at JR Zone
F3 Hits 2.5m of 18.6% U3O8 within 3.2% over
15.0m at JR Zone
Kelowna, British Columbia--(Newsfile Corp. - July 30, 2024) -
F3 Uranium Corp
(TSXV: FUU)
(OTCQB: FUUFF)
("
F3
" or "
the Company
") is pleased to announce final assay results from the winter
2024 drill program, including PLN24-137 which was cored in the JR Zone (see NR April 16, 2024) and
which returned
15.0m of 3.2% U
3
O
8
, including a
high grade 2.5m interval averaging 18.6% U
3
O
8
,
further including the ultra-high grade core with
1.5m of 30.3% U
3
O
8
.
Exploration geochemistry for the continuing summer drill program has also been received up to hole
PLN24-152 which focused on drill testing both the A1 main shear, as well as a related fault splay termed
the "North Horse" grid south of the cross-cutting Harrison Fault, a significant structure corresponding to a
vertical offset of approximately 130m. Two radioactive intervals (see NR June 12, 2024) corresponding
to the main A1 and North Horse structures respectively yielded the strongest exploration geochemistry
results outside of JR Zone to date, with the main A1 intersect assaying
0.045% U
3
O
8
, and the North
Horse intersect assaying
0.014% U
3
O
8
over 7 meters
including
0.051% U
3
O
8
over 0.5m
(see Photo
1).
A series of shorter exploration drill holes have been completed on the main A1 shear infilling gaps, and
although there are multiple areas warranting follow up, exploration drilling in the near term will focus on
the areas near Harrison Fault, and to the southeast.
Sam Hartmann, Vice President Exploration, commented:
"We are very pleased with these ongoing results. Drillhole PLN24-152 stands out with the strongest
geochemistry signatures to date outside of the JR Zone and represents one of the highest priority
exploration targets for follow up. This hole targeted the intersect of the Harrison Fault and the A1 Main
shear zone just south of the Harrison Fault. Targeting in this area now includes the Harrison Fault itself,
and the areas of shear intersections with it. We are persistent in our efforts to hone in on potential high-
grade mineralization indicated by encouraging results from our systematic drilling in this area."
Figure 1
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Winter 2024 JR Zone Assay Highlight:
PLN24-137 (line 040S):
15.0m @ 3.2% U
3
O
8
(202.5m to 217.5m), including:
2.5m @ 18.6% U
3
O
8
(214.0 to 216.5m), further including:
1.5m @ 30.3% U
3
O
8
(214.5 to 216.0m)
Summer 2024 Exploration Geochemistry Highlights:
PLN24-152
(line 2850S) A1 Exploration, south of Harrison Fault:
2.0m @216 ppm U, 0.024% U
3
O
8
(351.0m to 353.0m), including
0.5m@ 409 ppm U, 0.045% U
3
O
8
(352.0m to 352.5m),
and
7.0m @ 107 ppm U, 0.014% U
3
O
8
(434.5m to 441.5m), including
0.5m @ 412 ppm U, 0.051% U
3
O
8
(440.5m to 441.0m)
Photo 1. PLN24-152 Mineralized Intervals
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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
%
PLN24-132
090S
587708.0
6410637.5
545.6
55.0
-58.1
no mineralization >0.05
PLN24-133
2850S
589506.9
6408515.5
529.3
55.0
-71.7
B1 Exploration; no mineralization >0.05
PLN24-134
435S
587868.1
6410326.1
530.7
53.6
-64.6
B1 Exploration; no mineralization >0.05
PLN24-135
3240S
589630.4
6408142.8
535.4
52.1
-70.3
B1 Exploration; no mineralization >0.05
PLN24-136
630S
588165.6
6410302.3
536.3
54.4
-58.7
A1 Exploration; no mineralization >0.05
PLN24-137
040S
587780.2
6410753.3
545.6
55.4
-75.0
202.50
214.00
11.50
0.13
214.00
216.50
2.50
18.61
incl
214.50
216.00
1.50
30.27
216.50
217.50
1.50
0.26
PLN24-138
2850S
589493.8
6408505.0
530.1
51.8
-76
B1 Exploration; no mineralization >0.05
PLN24-139
795S
588289.3
6410186.5
532.6
54
-59
A1 Exploration; no mineralization >0.05
PLN24-140
2325S
589060.2
6408857.6
543.9
55.7
-60
A1 Exploration; no mineralization >0.05
PLN24-141
3240S
589622.4
6408136.8
535.5
57.7
-73
B1 Exploration; no mineralization >0.05
PLN24-142
2850S
589560.6
6408554.7
530.5
53.5
-76
B1 Exploration; no mineralization >0.05
PLN24-143
2325S
589059.0
6408856.8
543.9
54.7
-67
B1 Exploration; no mineralization >0.05
PLN24-144
2820S
589485.3
6408554.4
529.6
54.1
-75
B1 Exploration; no mineralization >0.05
PLN24-145
2325S
589095.3
6408883.2
543.9
52.9
-66
A1 Exploration; no mineralization >0.05
PLN24-146
2850S
589424.5
6408454.7
533.3
50.7
-78
B1 Exploration; no mineralization >0.05
PLN24-147
2370S
589105.9
6408835.4
543.7
56.9
-70
A1 Exploration; no mineralization >0.05
PLN24-148
2280S
589072.1
6408921.7
543.9
55.5
-74
A1 Exploration; no mineralization >0.05
PLN24-149
795S
588316.1
6410208.7
530.8
53.9
-59
A1 Exploration; no mineralization >0.05
PLN24-150
1125S
588460.1
6409904.8
533.3
58.1
-70
A1 Exploration; no mineralization >0.05
PLN24-151
1530S
588676.0
6409561.0
544.5
54.1
-70
A1 Exploration; no mineralization >0.05
PLN24-152
2850S
589259.2
6408356.8
537.2
53.1
-68
440.5
441
0.5
0.051
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
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 % U3O8 mineralized intervals are summarized in Table 1. 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 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 discoveries. 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.
Figure 2
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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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