F3 Hits 4.0m of 29.3% U3O8 Within 10.3% over 12.0m
F3 Hits 4.0m of 29.3% U3O8 Within 10.3% over
12.0m
Kelowna, British Columbia--(Newsfile Corp. - November 13, 2023) -
F3 Uranium Corp
(TSXV: FUU)
(OTCQB: FUUFF)
("
F3
" or "
the Company
") is pleased to announce initial assay results for the
ongoing drill program, including PLN23-079 (see NR August 14, 2023) which returned
12.0m of 10.3%
U
3
O
8
, including a
high grade 6.5m interval averaging 18.9% U
3
O
8
, further including an ultra-high
grade core of
2.5m of 38.8% U
3
O
8
.
A 3D -DCIP survey by Dias Geophysical is currently underway, with an initial focus on the JR Zone and
A1B areas. F3 anticipates those survey results to provide additional input into the geological and
geophysical models of the A1 and A1B areas including the JR Zone, which will enhance drill targeting for
the ongoing fall drill program and beyond.
Assay Highlight:
PLN23-079 (line 045S):
mineralized intervals
12.0m @ 10.3% U
3
O
8
(231.5m to 243.5m), including:
6.5m @ 18.9% U
3
O
8
(233.0m to 239.5m), further including:
4.5m @ 38.8% U
3
O
8
(235.5 m to 238.0m)
Main ZR Zone Intercepts:
PLN23-063 (line 030S):
mineralized intervals
11.5m @ 0.63% U
3
O
8
(233.0m to 244.5m), including
2.0m @ 1.97
%
U
3
O
8
(236.0m to 238.0m), and
1.0m @ 1.75
%
U
3
O
8
(243.5m to 244.5m), and
PLN23-064 (line 105S):
mineralized intervals
16.5m @ 0.53% U
3
O
8
(233.5m to 250.0m), including
5.5m @ 1.21 U
3
O
8
(
237.5m to 243.0m)
PLN23-073 (line 060S):
mineralized intervals
8.5m @ 2.14% U
3
O
8
(221.5m to 230.0m), including
1.0m @ 17.2% U
3
O
8
(225.0m to 226.0m)
PLN23-074 (line 075S):
mineralized intervals
15.0m @ 0.37% U
3
O
8
(225.0m to 240.0m), including
0.5m @ 2.58% U
3
O
8
(228.0m to 228.5m), and
0.5m @ 1.64% U
3
O
8
(233.0m to 233.5m)
PLN23-077 (line 090S):
mineralized intervals
10.0m @ 0.37% U
3
O
8
(226.5m to 236.5m), including
1.0m @ 2.24% U
3
O
8
(234.0m to 235.0m)
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 %
PLN23-063
030S
587715.7
6410720.6
545.1
55.8
-61.1
233.00
236.00
3.00
0.20
236.00
238.00
2.00
1.97
238.00
243.50
5.50
0.18
243.50
244.50
1.00
1.75
PLN23-064
105S
587746.1
6410646.0
545.2
55.4
-58.2
233.50
237.50
4.00
0.22
237.50
243.00
5.50
1.21
243.00
250.00
7.00
0.17
PLN23-065
075S
587715.1
6410659.5
545.4
55.3
-61.4
242.50
245.50
3.00
0.07
PLN23-066
105S
587737.9
6410640.3
545.0
53.7
-60.0
225.50
226.00
0.50
0.15
240.50
241.00
0.50
0.07
243.50
248.50
5.00
0.09
248.50
249.50
1.00
1.37
PLN23-067
135S
587771.9
6410629.1
544.9
53.9
-60.8
222.00
238.50
16.50
0.17
PLN23-069
135S
587780.4
6410634.0
544.9
54.8
-60.4
229.00
229.50
0.50
0.10
PLN23-070
135S
587764.9
6410620.1
544.8
54.1
-62.1
240.00
242.00
2.00
0.05
PLN23-071
165S
587780.0
6410597.1
545.2
53.3
-60.2
A1 MSZ exploration; no mineralization >0.05
PLN23-072
690S
588216.9
6410265.7
530.3
54.3
-73.7
A1 MSZ exploration; no mineralization >0.05
PLN23-073
060S
587754.6
6410708.7
545.6
54.2
-60.3
221.50
225.00
3.50
0.13
225.00
226.00
1.00
17.2
incl
225.00
225.50
0.50
32.3
226.00
230.00
4.00
0.13
PLN23-074
075S
587745.9
6410683.9
545.7
56.3
-59.9
225.00
228.00
3.00
0.27
228.00
228.50
0.50
2.58
228.50
233.00
4.50
0.31
233.00
233.50
0.50
1.64
233.50
240.00
6.50
0.19
PLN23-075
1680S
588735.8
6409419.2
543.8
55.6
-54.9
A1 MSZ exploration; no mineralization >0.05
PLN23-076
195S
587828.1
6410595.1
545.5
53.5
-57.3
A1 MSZ exploration; no mineralization >0.05
PLN23-077
090S
587760.0
6410675.1
544.7
53.7
-59.2
226.50
234.00
7.50
0.17
234.00
235.00
1.00
2.24
235.00
236.50
1.50
0.09
PLN23-078
2640S
589375.5
6408704.6
543.0
62.4
-54.9
A1B BMZ exploration; no mineralization >0.05
PLN23-079
045S
587731.1
6410710.1
545.3
54.9
-61.1
231.50
233.00
1.50
0.10
233.00
235.50
2.50
2.34
235.50
239.50
4.00
29.3
incl
235.50
238.00
2.50
38.8
239.50
243.50
4.00
0.03
PLN23-080
045N
587667.2
6410774.0
545.2
54.6
-60.3
no mineralization > 0.05
PLN23-081
060S
587765.5
6410716.9
545.8
54.1
-60.9
215.00
216.00
1.00
0.51
PLN23-082
435S
587984.7
6410423.2
531.4
54.0
-49.6
A1 MSZ exploration; no mineralization >0.05
PLN23-083
030S
587731.4
6410728.2
545.3
53.9
-59.4
232.50
235.00
2.50
0.34
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 has 18
projects in 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 and below and cross sections at
PLN JR Zone| F3 Uranium Corp.
under "Sections"
Patterson Lake North Summer 2023 Drill Program Update: Assay Results
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Patterson Lake North Summer 2023 Drill Program Update: JR Zone Assay Results
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