F3 Hits More Off Scale >65,535 CPS at JR; Increases Prospectivity at B1
F3 Hits More Off Scale >65,535 CPS at JR;
Increases Prospectivity at B1
Kelowna, British Columbia--(Newsfile Corp. - December 18, 2023) -
F3 Uranium Corp
(TSXV: FUU)
(OTCQB: FUUFF)
("
F3
" or "
the Company
") is pleased to announce initial scintillometer results from
the last eleven drill holes of the fall drill program on the Patterson Lake North ("PLN") Property, including
multiple high grade intercepts. In particular drill hole PLN23-110 tested for mineralization up dip of
PLN23-101 (see NR dated October 16, 2023) and intersected mineralization within a 11.5m interval
including
1.50m of continuous off scale radioactivity (>65,535 cps).
Drill hole PLN23-112 tested
mineralization down dip of PLN23-068 (see NR dated August 14, 2023) and intersected mineralization
within a 11.5m interval including
1.35m of composite off-scale radioactivity (65,535 cps).
The southern end of the A1 trend features significant vertical displacement; drill holes PLN23-078 and
PLN23-093 (section line 2640S, see Map 2) were cored into bedrock with no Athabasca Sandstone
present. Drill holes grid south including PLN23-115 and PLN23-111 have approximately 230m of
sandstone cover; this indicated the presence of a vertically offsetting and likely cross cutting structure.
At the B1 area, exploration drilling is encountering increasingly prospective geology. PLN23-111 was
drilled approximately 200m grid north of PLN23-093 where significant boron values were reported (see
NR dated November 27, 2023) and cored a significant section of intensely brecciated, faulted and clay
altered Athabasca Sandstone (see Figure 1). The strongly graphitic and clay altered basement hosted
B1 shear zone was intersected below. This is indicative of significant reactivated structures favorable for
hosting uranium mineralization.
A total of 53 drill holes totaling 19,800 meters have been completed since the summer drill program
began in June, and an additional 5 targets have casing already set in anticipation of the upcoming winter
2024 drill campaign slated to begin in early January 2024.
Sam Hartmann, VP Exploration, commented:
"As we break for the holiday season, we would like to thank our staff and contractors for their hard work
and dedication over the past six months. Preparation and planning for the winter 2024 program is
already underway, and we look forward to receiving exploration geochemistry results from the B1 area,
as well as ground resistivity interpretations from the A1 and B1 areas which will drive exploration efforts
aimed at discovering additional mineralized zones. Recent JR Zone drilling focused on defining the
boundaries of mineralization, but continued to yield high grade intercepts which will be followed up.
Phase 1 of the DIAS 3D-DCIP ground resistivity survey is still in progress, and currently working over the
B1 area. Recent drill hole intercepts at B1, including sandstone dissolution and silicification, as seen in
PLN23-111, as well as basement hosted conductive structures related to the B1 shear, will be used to
create constrained 2D and 3D inversions to assist in our winter drill targeting."
Drilling Highlights:
PLN23-110
(line 015S):
11.5m
interval with mineralization from 216.5m - 228.0m, including
3.0m
mineralization from 216.5m - 219.5m,
and
4.0m
mineralization from 224.0m - 228.0m,
including
1.50m continuous off-scale radioactivity (> 65,535 cps)
between 226.00m and 227.50m
PLN23-112
(line 060S):
11.5m
mineralization from 229.0m - 240.5m,
including
1.35m composite
off-scale radioactivity (> 65,535 cps)
between 231.80 and 240.00m
Drilling Intercepts:
PLN23-105
(line 3450S): B1 Exploration
No mineralization >300 cps
PLN23-106
(line 120S):
3.5m
mineralization from 199.0m to 202.5m,
and
4.5m
mineralization from 239.0m to 243.5m
PLN23-107
(line 3450S): B1 Exploration
No mineralization >300 cps
PLN23-108
(line 030S):
1.0m
mineralization from 256.0m to 257.0m,
and
2.0m
mineralization from 260.0m to 262.0m
PLN23-109
(line 015S):
3.0m
mineralization from 220.5m to 223.5m
PLN23-111
(line 3240S): B1 Exploration
No mineralization >300 cps
PLN23-113
(line 930S): A1 Exploration
No mineralization >300 cps
PLN23-114
(line 030S):
3.5m
mineralization from 219.0m to 222.5m,
and
2.0m
mineralization from 230.0m to 232.0m, including
0.35m
of continuous radioactivity >10,000 cps between 231.15m and 231.50m
PLN23-115
(line 2955S): B1 Exploration
No mineralization >300 cps
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 but the
Company estimates true thickness of the reported intervals in this news release to be close to reported
interval widths.
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
PLN23-
105
3450S
589764.9
6407978.1
540.4
53.3
-65.0
B1 exploration; no radioactivity >300 cps
366.9
713
PLN23-
106
120S
587761.4
6410639.4
544.4
54.3
-64.1
199.00
199.50
0.50
1700
186.0
326
199.50
200.00
0.50
1500
200.00
201.00
1.00
<300
201.00
201.50
0.50
1500
201.50
202.00
0.50
3000
202.00
202.50
0.50
1600
239.00
239.50
0.50
350
239.50
241.00
1.50
<300
241.00
241.50
0.50
860
241.50
243.00
1.50
<300
243.00
243.50
0.50
310
PLN23-
107
3450S
589673.7
6407913.1
539.9
55.0
-65.2
B1 exploration; no radioactivity >300 cps
359.8
626
PLN23-
108
030S
587682.1
6410692.8
545.1
53.6
-60.3
256.00
256.50
0.50
730
201.7
371
256.50
257.00
0.50
3500
260.00
260.50
0.50
380
260.50
261.00
0.50
4600
261.00
261.50
0.50
<300
261.50
262.00
0.50
320
PLN23-
109
015S
587739.0
6410762.5
545.5
54.7
-74.9
220.50
221.00
0.50
530
188.0
344
221.00
221.50
0.50
1400
221.50
222.00
0.50
1300
222.00
222.50
0.50
4600
222.50
223.00
0.50
3400
223.00
223.50
0.50
3300
PLN23-
110
015S
587733.4
6410749.2
545.5
53.3
-61.8
216.50
217.00
0.50
370
201.2
332
217.00
217.50
0.50
1400
217.50
218.00
0.50
1500
218.00
218.50
0.50
930
218.50
219.00
0.50
1300
219.00
219.50
0.50
2200
224.00
224.50
0.50
300
224.50
226.00
1.50
<300
226.00
226.50
0.50
>65535
226.50
227.00
0.50
>65535
227.00
227.50
0.50
>65535
227.50
227.80
0.30
53900
227.80
228.00
0.20
1900
PLN23-
111
3240S
589638.6
6408148.6
535.5
55.2
-65.2
B1 exploration; no radioactivity >300 cps
362.5
566
PLN23-
112
060S
587748.7
6410702.1
545.7
53.3
-65.5
224.00
224.50
0.50
1100
197.2
317
229.00
229.50
0.50
800
229.50
230.00
0.50
3400
230.00
230.50
0.50
4900
230.50
231.00
0.50
<300
231.00
231.50
0.50
750
231.50
231.80
0.30
9700
231.80
232.00
0.20
>65535
232.00
232.50
0.50
>65535
232.50
233.00
0.50
3300
233.00
233.50
0.50
380
233.50
234.00
0.50
380
234.00
234.50
0.50
350
234.50
235.00
0.50
430
235.00
235.50
0.50
<300
235.50
236.00
0.50
300
236.00
236.50
0.50
860
236.50
237.00
0.50
2100
237.00
237.50
0.50
5300
237.50
238.00
0.50
8900
238.00
238.15
0.15
8800
238.15
238.50
0.35
>65535
238.50
239.00
0.50
3200
239.00
239.50
0.50
3900
239.50
239.70
0.20
8100
239.70
240.00
0.30
>65535
240.00
240.50
0.50
3500
244.00
244.50
0.50
340
PLN23-
113
930S
588352.9
6410068.3
532.9
52.8
-65.0
A1 exploration; no radioactivity >300 cps
n/a
287
PLN23-
114
030S
587736.8
6410733.3
545.5
54.8
-58.1
219.00
219.50
0.50
360
207.2
317
219.50
220.00
0.50
440
220.00
221.00
1.00
<300
221.00
221.50
0.50
330
221.50
222.00
0.50
<300
222.00
222.50
0.50
350
230.00
230.50
0.50
360
230.50
231.00
0.50
2100
231.00
231.15
0.15
9900
231.15
231.50
0.35
20000
231.50
232.00
0.50
1100
235.50
236.00
0.50
1400
236.00
236.50
0.50
350
293.00
293.50
0.50
510
PLN23-
115
2955S
589548.1
6408433.1
530.8
42.9
-67.9
B1 exploration; no radioactivity >300 cps
337.2
479
Figure 1: PLN23-111
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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
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 discovery. F3 Uranium
currently has 18 projects in the Athabasca Basin. Several of F3's projects are near large uranium
discoveries including Triple R, Arrow and Hurricane.
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 below and cross sections at
PLN JR Zone| F3 Uranium Corp.
under "Sections"
Figure 2
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Figure 3
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/191395