Fission 3.0 Hits Off-Scale Radioactivity in New Discovery on PLN A1 Conductor
Fission 3.0 Hits Off-Scale Radioactivity in New
Discovery on PLN A1 Conductor
Kelowna, British Columbia--(Newsfile Corp. - November 21, 2022) -
FISSION 3.0 CORP (TSXV:
FUU)
("
Fission 3
" or
"the Company"
) is pleased to announce that it has intersected extremely
radioactive and off-scale (
>65,000 cps
) mineralization in a new uranium discovery occurring as massive
pitchblende, pitchblende buttons and veins at the start of its fall drill program on its 100% owned
Patterson Lake North "PLN" project in the southwest Athabasca Basin region of Saskatchewan,
Canada.
Two diamond drills commenced on the previously undrilled 800 m northwest strike extension of the ~3
km long A1 conductor. A new uranium discovery has been made in the second drill hole of the fall
program.
PLN22-035
is a 730 m step-out from a weakly mineralized drillhole, PLN14-019, drilled in
2014. PLN22-035 targeted the ground Time Domain Electromagnetic (TDEM) A1 conductor.
Drill hole
PLN22-034, the first hole of the fall drill program, intersected the A1 structure but no mineralization
(>300cps) was noted.
Drilling Highlights:
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
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 is still in progress
Raymond Ashley, Vice President Exploration, commented
"We are very excited about this new high-grade uranium discovery at the start of our fall drilling program
on the A1 conductor. The drilling program is being immediately amended to further delineate this new
off-scale uranium mineralization within a significant 15.0 m wide mineralized altered structural damage
zone. I am very grateful to work with this dedicated and extremely capable exploration team, and very
proud of this new discovery that we have all made."
Table 1: Drill Hole Summary
Hole ID
Target
Collar
* Hand-held Spectrometer Results On
Mineralized Drillcore (>300 cps / >0.5M
minimum)
Basement
Unconformity
Depth (m)
Total
Drillhole
Depth (m)
Easting
Northing
Az
Dip
From
(m)
To
(m)
Width
(m)
Max CPS
PLN22-
034
A1
Conductor
587885
6410348
52
-50
168.7
374
PLN22-
035
A1
Conductor
587657
6410711
52
-52
257.00
257.50
0.5
630
227.0
In Progress
257.50
258.00
0.5
1300
258.00
258.50
0.5
5500
258.50
259.00
0.5
2200
259.00
259.50
0.5
12400
259.50
260.00
0.5
4000
260.00
260.18
0.18
6000
260.18
260.50
0.32
20100
260.50
261.00
0.5
23000
261.00
261.50
0.5
30000
261.50
262.00
0.5
47400
262.00
262.50
0.5
>65000
262.50
263.00
0.5
19800
263.00
263.50
0.5
>65000
263.50
264.00
0.5
>65000
264.00
264.50
0.5
48200
264.50
265.00
0.5
62200
265.00
265.30
0.3
15200
265.30
265.50
0.2
2800
265.50
266.00
0.5
630
266.00
266.50
0.5
2100
266.50
267.00
0.5
790
267.00
267.50
0.5
350
267.50
268.00
0.5
1100
268.00
268.50
0.5
360
268.50
269.00
0.5
<300
269.00
269.50
0.5
1000
269.50
270.00
0.5
460
270.00
270.50
0.5
7300
270.50
271.00
0.5
600
271.00
271.50
0.5
6600
271.50
272.00
0.5
390
272.00
272.50
0.5
2000
Drill collar locations in UTM NAD 83 coordinates
The Companies innovative use of a sonic drill facilitates penetration through relatively deep and difficult
overburden to set drill casing at shallow angles.
Consequently, the shallow inclined holes that intersect
the steeply dipping lithologies provide reported intervals that are closer to true thickness.
Figure 1
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Figure 2
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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 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) lies adjacent
and immediately north of the Patterson Lake South property (PLS), owned by Fission Uranium Corp.,
where Fission Uranium expects to complete a Feasibility Study on its Triple R deposit. 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.
https://twitter.com/Fission3Corp
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,
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These forward-looking statements reflect the expectations or beliefs of management of the Company
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are cautioned not to place undue reliance on such forward-looking statements. The forward-looking
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Company undertakes no obligation to update publicly or revise any forward-looking statements or
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Fission 3.0 Corp. Contact Information
Investor Relations
Telephone: 778 484 8030
Email:
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
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",
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materially are the following: market conditions and other risk factors listed from time to time in our
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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
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