Fission 3.0 Hits 59.2% U308 over 1.0m within 6.97% U308 over 15.0m at the PLN A1 Discovery
Fission 3.0 Hits 59.2% U308 over 1.0m within
6.97% U308 over 15.0m at the PLN A1
Discovery
Kelowna, British Columbia--(Newsfile Corp. - December 22, 2022) -
Fission 3.0 Corp
(
TSV: FUU
)
(
OTCQB: FISOF
)("
Fission 3
" or "
the Company
") is pleased to announce it has received uranium
assay results from the discovery hole PLN22-035 at Patterson Lake North ("PLN")
where off-scale
radioactivity was previously reported (see Press Release Nov 21, 2022). The rushed analysis returned
one continuous 15.0 m interval averaging 6.97% U
3
O
8
including a high-grade 5.5 m interval
averaging 18.6% U
3
O
8
, which further includes an ultra-high-grade core which assayed
59.2% over 1.0
m
. PLN22-035 was the first of three mineralized holes completed on line 00N, in addition to a fourth
mineralized hole on line 015S.
Assay results from the remaining drill holes of the fall 2022 program will be released early 2023 as they
become available and finalized.
Raymond Ashley, Vice President Exploration, commented
"These initial high-grade assays from the discovery hole PLN22-035 confirm impressive uranium
mineralization at the A1 Zone we discovered during our recently completed fall drill program. We are
excited to build on these results as we plan for our fully funded upcoming 20 hole drill program."
Drilling Highlights of Discovery Hole:
PLN22-035
(line 00N): mineralized intervals
15.0 m @ 6.97% U
3
O
8
(257.5 m to 272.5 m), including:
5.5 m @ 18.6% U
3
O
8
(260.0 m to 265.5 m), further including:
1.0 m @ 59.2% U
3
O
8
(263.0 m to 264.0 m)
Table 1: 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 % U3O8 mineralized intervals are summarized in Tables 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. 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 intervals width.
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, and the new A1 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., Vice President of Exploration of Fission 3.0 Corp., a Qualified Person. Mr.
Ashley has verified the data disclosed.
About Fission 3.0 Corp.:
Fission 3.0 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. Fission currently
has 16 projects in the Athabasca Basin. Several of Fission 3'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.
Fission 3.0 Corp. Contact Information
Investor Relations
Telephone: 778 484 8030
Email:
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
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