F3 Hits 4.5m of 50.1% U3O8 Within 30.9% Over 7.5m at JR
F3 Hits 4.5m of 50.1% U3O8 Within 30.9% Over
7.5m at JR
Kelowna, British Columbia--(Newsfile Corp. - December 3, 2024) -
F3 Uranium Corp.
(
TSV: FUU
)
(
OTCQB: FUUFF
) ("
F3
" or "
the Company
") is pleased to announce rush assay results for drillhole
PLN24-176 (see NR September 10, 2024) of the ongoing 2024 drill program on the PLN Property which
returned
7.5m of 30.9% U
3
O
8
,
including an ultra-high grade core
with 4.5m of 50.1% U
3
O
8
.
Sam Hartmann, Vice President Exploration, commented:
"PLN24-176 represents the best hole drilled to date at the JR Zone in terms of grade thickness,
including a true width assay interval of 4.5m of 50.1
%
U
3
O
8
, starting at a shallow vertical depth of only
190m below surface. This drillhole was collared approximately 14m up-dip of PLN24-137 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
(See NR July 30,
2024). These results from PLN24-176 emphasize the need for tightly spaced drilling in these high grade
basement hosted structurally controlled uranium deposits, which can often result in opening up additional
targeting areas for high grade mineralization; in this case in the up-dip direction."
JR Zone Assay Highlight:
PLN24-176
(line 035S):
7.5m @ 30.9% U
3
O
8
(196.0m to 203.5), including:
5.5m @ 42.2% U
3
O
8
(197.0m to 202.5m), further including:
4.5m @ 50.1% U
3
O
8
(197.5m to 202.0m)
Table 1. Drill Hole Summary and Uranium Assay Results
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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
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.
Map 1. JR Zone Drill Holes with Uranium Results
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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.
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
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