F3 Hits 4.35m Off-Scale Mineralization (>65,535 cps) at JR Zone
F3 Hits 4.35m Off-Scale Mineralization
(>65,535 cps) at JR Zone
Kelowna, British Columbia--(Newsfile Corp. - September 10, 2024) -
F3 Uranium Corp
(TSV: FUU)
(OTCQB: FUUFF)
("
F3
" or "
the Company
") is pleased to announce scintillometer results from the
current summer drill program, including PLN24-176 which was cored in the JR Zone and which returned
mineralization over 11.0m, including 5.40m of high grade (>10,000 cps) containing
4.35m of
composite off-scale mineralization
(>65,535 cps).
Sam Hartmann, Vice President Exploration, commented:
"PLN24-176 was planned to increase confidence and high-grade continuity in the heart of the JR Zone,
approximately 15m in the up-dip direction of PLN24-137 (see NR April 1, 2024 and July 20, 2024).
Based on total radioactivity and the intercepted width of high grade, we expect this hole to rank near the
top of all drillholes at JR. Exploration remains the focus of the program; previously (see NR August 13,
2024) we announced PLN24-168, which stepped out 700m along strike and encountered the altered
and strongly graphitic B1 shear well below the Athabasca Unconformity. PLN24-175 was a follow up,
testing the same structure 110m up-dip targeting its intersection with the unconformity. This hole
intersected strong alteration in the basement; coupled with intense silicification and brecciation
observed in the lower Athabasca Sandstone and the lack of graphitic structure in the basement,
indications are that the structure dips steeper than presumed. This reveals a new target down-dip from
PLN24-175 and an additional hole is planned to test the structure in this area with these prospective
signs for nearby mineralization."
Summer 2024 JR Zone Handheld Spectrometer Highlights:
PLN24-176 (line 035S):
11.0m
interval with mineralization between 186.0 and 206.5m, including
4.35m composite off-scale radioactivity (> 65,535 cps)
between 197.40m and 202.15m
PLN24-177 (line 070S):
13.0
interval with mineralization between 199.0 and 214.5m, including
0.20m high-grade radioactivity (> 10,000 cps)
between 211.0 and 211.2m
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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
PLN24-169
2820S
589486.4
6408554.4
529.6
113.3
-70.5
B1 MSZ Exploration; no radioactivity >300 cps
170.4, 256.3,
324.2
404
PLN24-170
150S
587940.0
6410725.8
546.3
58.4
-84.6
A1 Exploration; no radioactivity >300 cps
172.3
263
PLN24-171
3345S
589633.1
6408012.6
535.4
54.7
-65.6
B1 MSZ Exploration; no radioactivity >300 cps
353.0
674
PLN24-172
3780S
590006.3
6407749.4
539.2
55.8
-65.1
B1 MSZ Exploration; no radioactivity >300 cps
361.8
524
PLN24-173
2850S
589230.3
6408338.0
536.9
54.5
-67.1
A1 Exploration; no radioactivity >300 cps
173.4
587
PLN24-174
3075S
589596.1
6408116.4
532.7
14.6
-57.8
B1 MSZ Exploration; no radioactivity >300 cps
376.4
398
PLN24-175
4245S
590242.5
6407347.5
542.8
55.8
-66.7
B1 MSZ Exploration; no radioactivity >300 cps
351.2
497
PLN24-176
035S
587813.4
6410772.8
545.9
55.8
-80.8
186.00
186.50
0.50
300
181.8
296
193.50
194.00
0.50
300
194.00
195.50
1.50
<300
195.50
196.00
0.50
320
196.00
196.50
0.50
1100
196.50
197.00
0.50
1200
197.00
197.40
0.40
55500
197.40
197.50
0.10
>65535
197.50
198.00
0.50
>65535
198.00
198.50
0.50
>65535
198.50
199.00
0.50
>65535
199.00
199.50
0.50
>65535
199.50
200.00
0.50
>65535
200.00
200.50
0.50
>65535
200.50
200.70
0.20
>65535
200.70
201.00
0.30
45500
201.00
201.10
0.10
63600
201.10
201.50
0.40
>65535
201.50
202.00
0.50
>65535
202.00
202.15
0.15
>65535
202.15
202.40
0.25
50200
202.40
202.50
0.10
8700
202.50
203.00
0.50
1600
203.00
203.50
0.50
1900
206.00
206.50
0.50
320
PLN24-177
70S
587813.4
6410742.8
547.3
55.9
-81.3
199.00
199.50
0.50
340
179.4
269
199.50
200.00
0.50
480
200.00
200.50
0.50
400
200.50
201.00
0.50
460
201.00
201.50
0.50
670
201.50
202.00
0.50
800
202.00
202.50
0.50
1900
202.50
203.00
0.50
1900
203.00
203.50
0.50
1600
203.50
204.00
0.50
900
204.00
204.50
0.50
<300
204.50
205.00
0.50
2000
205.00
205.50
0.50
410
208.00
208.50
0.50
1300
208.50
209.00
0.50
610
209.00
209.50
0.50
<300
209.50
210.00
0.50
360
210.00
210.50
0.50
780
210.50
211.00
0.50
3800
211.00
211.20
0.20
12500
211.20
211.50
0.30
5100
211.50
212.00
0.50
1600
212.00
212.50
0.50
300
212.50
214.00
1.50
<300
214.00
214.50
0.50
300
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. 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.
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 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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