Fission 3.0 Commences Geophysics on Flagship Property PLN
Fission 3.0 Commences Geophysics on
Flagship Property PLN
Kelowna, British Columbia--(Newsfile Corp. - December 22, 2021) -
FISSION 3.0 CORP
(TSXV: FUU)
(OTCQB: FISOF) ("
Fission 3
" or
"the Company"
) is pleased to announce that on-site lake-ice
preparation is underway to support a 4000-meter drill program on its 100% owned flagship Patterson
Lake North "PLN" project in Canada. In addition ground geophysical surveys consisting of DC Resistivity
and Time Domain electromagnetic surveys, designed to refine drill targeting, have commenced at the
Broach Lake area.
Located in the same area as where Fission Uranium Corp and NexGen Energy are
advancing their world-class, large, high-grade uranium deposits PLN is amongst the highest ranked
projects in Fission 3's extensive portfolio.
Previous drill programs at PLN have identified basement
hosted uranium mineralization supported by the presence of alteration, pathfinder structural disturbance
supporting large-scale potential of the area.
News Highlights:
Drilling in winter 2022 with two diamond drill rigs will focus on the prospective and previously
untested Broach Lake and N Conductor Targets.
Ground Geophysics has commenced at Broach Lake to refine the targets for the upcoming drilling
in the new year. The work consists of 22 line-km of DC Resistivity and four line-km of Time Domain
electromagnetic (TDEM) surveying.
Fission 3.0 has received proceeds of $690,500 from warrants recently exercised.
Upcoming PLN Winter Drill Program:
Broach Lake Targets:
The Broach Lake conductors are ~9 km to the north, adjacent and parallel to EM conductors of the
Patterson Lake Structural Corridor, host to Fission Uranium's Triple R deposit and NexGen's Arrow
Deposit.
N Conductor Targets:
The N Conductors are interpreted as multiple parallel basement EM conductors with an overlying low
resistivity zone referred to as the "Chimney" target in the lower part of the sandstone. Deep drilling is
planned to test these basement conductors.
About Patterson Lake North:
The Patterson Lake North property (PLN) lies adjacent and immediately north of the Patterson Lake
South property (PLS), owned by Fission Uranium Corp. where uranium mineralization has been traced
by core drilling at PLS over ~3.18 km of east-west strike length in five separated mineralized "zones"
which collectively make up the Triple R deposit, and where a Feasibility Study has commenced.
Previous drilling at PLN by Fission 3 in 2014 identified a mineralized structure associated with the ~3
km long A1 conductor with strongly anomalous geochemistry, including uranium values, in addition to
common pathfinder elements including boron, copper, nickel and zinc. Drill hole PLN 14-019 intercepted
a 7.5 m interval (191.5 m - 199.0 m) of anomalous radioactivity with peak measurements up to 1450 cps
(as measured by handheld spectrometer) over 0.5 m within a strongly clay altered and brecciated
graphitic gneiss which assayed 0.5 m of 0.47% U
3
O
8
within 6.0 m of 0.12% U
3
O
8
.
About Fission 3.0 Corp.
Fission 3.0 Corp. 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 3.0
currently has 16 projects in the Athabasca Basin. Several of Fission 3.0's projects are near large
uranium discoveries, including Arrow, Triple R and Hurricane deposits. Fission 3.0 has recently
completed an $8 million financing with Red Cloud Securities Inc.
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 reviewed on behalf of the company by
Raymond Ashley, P.Geo., Vice President, Exploration of Fission 3.0 Corp., a qualified person.
ON BEHALF OF THE BOARD
"Dev Randhawa"
____________________________
Dev Randhawa, CEO
Investor Relations
Ph: 778-484-8030
TF: 844-484-8030
www.fission3corp.com
Cautionary Statement:
Certain information contained in this press release constitutes "forward-
looking information", within the meaning of Canadian legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be
achieved" or "has the potential to". Forward looking statements contained in this press release may
include statements regarding the future operating or financial performance of Fission 3.0 Corp. which
involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results
and outcomes may differ materially from what is expressed or forecasted in these forward-looking
statements. Such statements are qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. Among those factors which could cause actual results to differ
materially are the following: market conditions and other risk factors listed from time to time in our
reports filed with Canadian securities regulators on SEDAR at
www.sedar.com
. The forward-looking
statements included in this press release are made as of the date of this press release and Fission 3
Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except as expressly required by applicable
securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/108301