Fission 3.0 Starts Follow Up Drilling of Off-Scale Mineralization at PLN and Presents Winter 2022 Drill Results
50851237.1
Suite 750 – 1620 Dickson Ave.
Kelowna, BC V1Y 9Y2
www.fission3corp.com
TSX VENTURE SYMBOL : FUU
OTC SYMBOL: FISOF November 28, 2022
Fission 3.0 Starts Follow Up Drilling of Off-Scale Mineralization
at PLN and Presents Winter 2022 Drill Results
FISSION 3.0 CORP (“Fission 3” or “the Company”) is pleased to announce that follow up
drilling of the new high grade discovery on the A1 conductor has begun where hole PLN22-035
intersected extremely radioactive and off-scale (>65,000 cps) mineralization.
Fission 3.0 currently has two diamond drills on the property and will be drilling a total of up to 7
holes prior to the Christmas break. A sonic drill is being used to penetrate the overburden allowing
for shallow angled holes to be drilled so that the reported intervals from steeply dipping lithologies
are closer to true thickness.
The split core samples from discovery hole PLN22-035 are scheduled for shipping from site to
SRC Geoanalytical Laboratories in Saskatoon, SK for rush analysis.
Drilling Highlights from Discovery Hole:
PLN22-035 (line 00N)
• 15.0 m total composite mineralization >300 cps over a 15.5 m interval (between 257.0 m to
272.5 m), including
o 5.62 m of total composite mineralization >10,000 cps over a 6.3 m interval
(between 259.0 m and 265.3 m including
1.5 m of total off scale radioactivity (>65,000 cps) over a 2.0 m interval
(between 262.0 m and 264.0 m)
• the hole was terminated at 350.0 m without any further anomalous radioactivity being
intersected.
(See News Release November 21, 2022 for Drill Hole Summary Table)
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Raymond Ashley, Vice President Exploration, commented
“The drill program has been amended to delineate the new off-scale mineralization within the 15.0m
wide hydrothermally al tered structure. Plans are for up to three step out holes to be drilled in the
current program in close proximity to the mineralization in discovery hole PLN22 -035 to test for
continuity of the mineralization and to begin to determine its orientation and g eometry. These are
thrilling times for the entire team as we set about to establish the size potential of this exciting new
discovery.”
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Note that there was a scale bar error in the Nov 21, 2022 Press Release where this map first
appeared.
Geochemistry Results from Winter 2022 Broach Lake and N
Conductor Drilling:
The Company is pleased to report the results of the drilling program carried out earlier this year at
the previously untested N Conductor and Broach Lake targets. The Broach Lake conductors and the
N Conductors are located ~15 km southeast of the A1 conductor and ~15km north northeast of the
A1 conductor, r espectively, and are completely different conductor systems to the A1 Conductor
where radioactive off-scale mineralization was intersected.
Maps and cross sections can be viewed at https://www.fission3corp.com/projects/athabasca-
basin/pls-area-projects/patterson-lake-north-pln/
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Key Program Details:
• Drill hole PLN22-029 which was the first test of the N Conductor Complex in the northeast
part of the property intersected highly elevated boron values over a 70 m interval within
Athabasca sandstone averaging 1051 ppm boron from 550.0 – 620.0 m, including a 10 m
interval averaging 1780 ppm boron, above graphitic faults in the basement . This is
considered highly anomalous due to both the significant width of the intersection and the
highly elevated concentrations. Boron is an important pathfinder element as it occurs along
the structural corridors which host the uranium deposits in the Athabasca Basin.
Concentrations of boron in the sandstone of more than approximately 300 ppm are normally
considered anomalous.
• At Broach Lake dravite was visually identified in holes PLN22-028 and 030B along the NE
trending conductor (see New Release March 2, 2022) approximately 20 m below the
unconformity at 280 m depth. Geochemical analyses from these intervals returned 398 ppm
boron and 229 ppm boron over 0.5 m respectively. Dravite is a boron- bearing tourmaline
mineral often found in association with uranium mineralization.
• A total of 3908 m of diamond drilling was completed in 6 holes one hole testing the N
Conductor and 5 holes testing the Broach Lake Conductors located 9 km north of the
Patterson Lake South structural corridor.
Raymond Ashley, VP Exploration for Fission 3.0 commented:
“The winter program was a successful first test of the Broach Lake and N Conductor Targets. The
highly anomalous boron anomalies in the overlying sandstone at the N Conductor complex, above
graphitic basement structures with elevated values of pathfinder elements commonly associated with
Athabasca uranium mineralizatio n, identify the deep N Conductor Complex as a new structural
corridor with strong uranium potential. T he confirmation of dravite in graphite and sulphide rich
altered structures speaks to the uranium potential along the Broach Lake conductors.”
Summary of Drilling:
Table 1 below summarizes the 6 holes completed winter 2022 program
Drill collar locations in UTM NAD 83 coordinates
Target Hole ID Easting Northing Azimuth Dip
Athabasca
Unconformity
Depth (m)
Total
Depth (m)
Broach Lake PLN22-028 599774 6399587 315 -66 251.6 401.0
N Conductors PLN22-029 595959 6422603 60 -75 676.0 1157.0
Broach Lake PLN22-030 599983 6399955 93 -77 131.0
Broach Lake PLN22-030A 599983 6399956 93 -77 250.9 366.0
Broach Lake PLN22-030B 599983 6399956 93 -77 281.0
Broach Lake PLN22-031 600721 6400609 355 -70 293.6 620.0
Broach Lake PLN22-032 601024 6400630 2 -68 299.6 575.0
Broach Lake PLN22-033 599983 6399960 n.a. -90 242.0 377.0
Program
Total 3908
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N Conductor Drilling:
The N Conductor Complex is located 22 km north of Broach Lake in the northeast part of the
property. Angled drill hole (PLN22- 029) was designed to test the west side of the 1 km -wide N
Conductor complex which is defined by multiple parallel northeast trending basement EM
conductors with an overlying resistivity low . A highly anomalous 70 m wide interval of sandstone
was intersected with an average of 1051 ppm boron from 550.0 – 620.0 m, including a 10 m interval
averaging 1780 ppm boron, above multiple graphite and sulphide rich fault structures within a 91 m
core interval in the basement . Geochemical results outlined anomalous values for pathfinder
elements associated with unconformity style uranium mineralizatio n within the graphitic and
sulphide rich structures.
PLN22-029: Angled hole intersected the Athabasca Unconformity at 676.0 m. The geochemistry
displayed significant enrichment of 105 1 ppm boron over a 70 m interval of Athabasca sandstone
from 550.0 - 620.0 m . The bottom 28.5 m of sandstone was unconsolidated and altered
corresponding with the resistivity anomaly in the lower sandstone (See News Release Jan 10, 2022).
The basement rocks were comprised of Quartz-Feldspar-Biotite Gneiss and Granitoid s; a strongly
graphitic unit with patches of disseminated sulphides intersected from 773.1 - 779.9 m returned
analytical values suggesting pathfinder element enrichment of nickel, lead and uranium . Weakly
anomalous radioactivity with a peak of 300 cps was measured on dr ill core at a depth of 783.8 m
(see News Release March 2, 2022). Geochemical analysis returned values of <2 ppm uranium and
141 ppm t horium from 783.5 - 784.0 m indicating elevated t horium concentrations. Multiple
graphite and sulphide rich structures were intersected from 997.2 - 1000.3 m, 1044.0 - 1045.5 m,
1048.3 - 1049.2 m and 1085.2 - 1088.0 m with moderate to strong silicification and clay alteration
displaying cataclastic and mylonitic textures indicating brittle ductile structures . Anomalous
pathfinder elements, including uranium, are associated with some of the basement structures. The
graphitic and sulphide rich basement structures correspond to electromagnetic responses. The hole
was originally planned to 750 m but was extended at depth to test as much geology as possible
laterally towards the centre of the N Conductor corridor. The downhole gamma log stopped at 972
m, the depth limit of the logging cable. The hole was terminated at 1157.0 m.
Geochemical analysis returned the following enrichment in pathfinder elements:
• 1051 ppm boron from 550.0 m-620.0 m with a peak of 1780 ppm boron (570.0 - 580.0 m)
in Athabasca sandstone
• 408 ppm nickel from 773.0 - 779.5 m with a peak of 668 ppm (775.5 - 776.0 m), 25 ppm
lead with a peak of 46 ppm lead (774.0 - 774.50 m), 18 ppm uranium with a peak of 26 ppm
uranium (775.5 - 776.0 m) in the graphite and sulphide rich unit
• 459 ppm copper from 997.0 - 1000.5 m with a peak of 1380 ppm copper (998.0 - 998.5 m)
in the ductile shear zone
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Broach Lake Drilling:
The Broach Lake Conductors are located in the south- east region of the property, situated 9 km to
the north and adjacent and parallel to EM conductors of the Patterson Lake Corridor, host to Fission
Uranium’s Triple R deposit and NexGen’s Arrow Deposit. Three holes tested the NE -trending
conductor, and two holes tested the more easterly trending conductor located to the north. All holes
intersected variable intervals of strong chlorite, clay, and silica alteration as well as bleaching and
intense hematite alteration.
PLN22-028: Angled hole to test the NE-trending ground EM conductor near the east end of Broach
Lake. The Athabasca unconformity was intersected at 251.6 m. Visible dravite was observed in
fractures and faults at 263 m, 272 m and 278 m with more possible minor dravite in other fractures
in this section. Geochemical analyses in these samples were elevated ranging up to 398 ppm boron.
No anomalous radioactivity was intersected in the drill hole which was terminated at 401.0 m depth.
Geochemical analysis identified anomalous boron (352 ppm) from 247.5 - 251.0 m with a peak of
798 ppm (248.5 - 249.0 m) in the Athabasca sandstone
PLN22-030: Angled hole targeting the NE-trending ground EM conductor was a 400 m step out
from hole PLN22-028 to test the N-S trending resistivity low in the basement. The hole was lost at
131.0 m.
PLN22-030A: Restart of hole PLN22-030. The Athabasca unconformity was intersected at 250.9
m. A 40.8 m core interval with strong hematite and silica alteration and bleaching was intersected
from 271.6 - 312.4 m. Geochemical analyses showed several samples with elevated boron in this
alteration zone ranging up to 257 ppm boron over 0.5m. At the b ottom of the zone a quartz-rich
brittle fault was intersected from 306.2 - 307.8 m, immediately followed by a ductile shear zone
with graphite, sulphides, clay, and strong hematite alteration t o 312.4 m depth. These structures
correspond to the ground EM conductor. No radioactivity was observed in core or in the down hole
gamma probe which stopped at 240 m due to a hole blockage. The hole caved at 366. 0 m and was
continued as PLN22-030B.
Geochemical analysis identified:
• anomalous boron (401 ppm) from 200.0 -210.0 m in the Athabasca sandstone
PLN22-030B: Restart of hole PLN22 -030A. Strong hematite alteration with bleaching was
intersected over a 31.7 m interval from 274.1 - 305.8 m, which corresponds to the intersection from
271.6 - 312.4 m in hole PLN22- 30A. Geochemical analyses identified elevated boron throughout
this alteration zone ranging up to 314 ppm over 0.5 m, including 276 ppm boron from 274.0 - 276.0
m. The visually identified dravite at 280 m returned geochemical analyses of 229 ppm boron from
280.25 - 280.75 m. The hole was terminated at a depth of 545.0 m.
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PLN22-031: Angled hole to test the east trending ground conductor northeast of Broach Lake. The
Athabasca unconformity was reached at 293.6 m. Anomalous radioactivity of 220 cps was
measured with the handheld spectrometer, with a peak of 1077 cps on the down hole gamma probe,
in Quartz -Feldspar-Biotite-Gneiss. Geochemical analyses from this interval returned 38 ppm
uranium from 345.5 – 345.75 m. Anomalous radioactivity with a maximum of 510 cps measured
with the handheld spectrometer , and a peak of 2,383 cps with the down hole gamma probe, was
observed in drill core in a brittle fault with brecciated textures from 373.6 - 373.9 m (see News
Release March 2, 2022). Geochemical analysis returned 460 ppm thorium and <2 ppm uranium from
373.5 - 374.0 m indicating elevated thorium. The conductor was explained by a significant 30 m
wide graphite, clay and quartz rich ductile structure intersected from 508 .1 - 538.8 m, followed by
a 4 m wide graphitic and clay altered brittle fault from 556.8 - 560.8 m. The hole was terminated at
620.0 m depth.
Geochemical results indicated:
• 38 ppm uranium over 0.5 m from 345.25 - 345.75 m in Quartz-Feldspar-Biotite-Garnet
Gneiss.
• weakly elevated copper (211 ppm) from 514.5 - 515.5 m is associated with the graphitic
and altered structure.
PLN22-032: Angled hole to test east trending ground EM conductor northeast of Broach Lake was
a 300 m step out t o the east from hole PLN22 -031 where it intersects a coinciding NE trending
resistivity low feature. The Athabasca unconformity was reached at 299.6 m. A 3.7 m interval of
clay altered mylonite from 431.7 m-435.4 m with minor graphite is interpreted to be the continuation
of the EM conductor . Anomalous radioactivity with a peak of 330 cps with the handheld
spectrometer was observed in core from 558.5 - 559.0 m in chlorite altered gneiss. Geochemical
analysis returned values of <2 ppm urani um and 141 ppm thorium from this interval indicating
elevated thorium concentrations. The hole was terminated at a depth of 575.0 m.
PLN22-033: Vertical hole on same drill pad as PLN22- 030, PLN22-030A and PLN22- 030B was
designed test the alteration observed in hole PLN22- 030A and PLN22- 30B up dip, closer to the
unconformity. The Athabasca unconformity was intersected at a depth of 242.0 m . A clay and
hematite altered ductile shear zone was intersected from 246. 0 - 254.4 m . As expected, strong
hematite alteration was intersected from 258.8 - 263.1 m similar to that seen in PLN22 -030A and
30B with the accompanying dravite. A clay altered and pyrite bearing shear zone was intersected
from 308.00 - 319.6 m . No anomalous radioactivity was observed in the drill hole which was
terminated at 377.0 m.
Geochemical results returned:
• anomalous boron (393 ppm) from 200.0 - 210.0 m in the Athabasca sandstone
• elevated copper associated with the lower ductile shear zone ranging from 79 ppm to 798
ppm in the interval from 305.5 - 318.5 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 65,000 cps as off -scale. The reader is cautioned that scintillometer readings are not
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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. All depth measurements
reported are down-hole and true thickness are yet to be determined. Samples from the drill core are
split in half on site and are standardized at 0.5 m 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”.
About Patterson Lake North:
The Company’s large 39,946 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.
Qualified Person
The technical information in this news release has been prepared 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., Vice President, Exploration of Fission 3.0 Corp., a Qualified
Person. Mr. Ashley has verified the data disclosed.
About Fission 3.0 Corp.
Fission 3 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. Fission 3
currently has 16 projects in the Athabasca Basin. Several of Fission 3's projects are near large
uranium discoveries, including, Arrow, Triple R and Hurricane deposits.
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.
Fission 3.0 Corp. Contact Information
Investor Relations
Telephone: 778 484 8030
Email: [email protected]
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO