Fission 3.0 Drilling Intersects Anomalous Radioactivity in Previously Untested Broach Lake Target at PLN
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Suite 750 – 1620 Dickson Ave.
Kelowna, BC V1Y 9Y2
www.fission3corp.com
TSX VENTURE SYMBOL : FUU
OTC SYMBOL : FISOF March 2, 2021
Fission 3.0 Drilling Intersects Anomalous Radioactivity in
Previously Untested Broach Lake Target at PLN
FISSION 3.0 CORP (“Fission 3” or “the Company”) is pleased to announce drilling on two
previously untested targets at its 100% owned PLN project in the SW Athabasca Basin region of
Saskatchewan, Canada. Drilling at Broach Lake has encountered encouraging anomalous
radioactivity associated with a brecciated fault zone in basement rock in hole PLN22-031. The
Broach Lake conductors are located in the south-east region of the property and are situated 9km
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.
The 6-hole winter 2022 drill program at PLN is designed to assess by drilling 2 previously
untested target areas: Five holes on the Broach Lake conductors and one hole on the N Conductors
in the northern part of the property. The winter drill program is ongoing, and two holes remain to
be drilled at Broach Lake.
Hole PLN22-031 is the third drill hole to be completed at Broach Lake this winter and intersected
anomalous radioactivity in basement rocks between 371.6 – 371.9m, with a maximum of 510cps
radioactivity, measured with a hand held RS-125 scintillometer, and a peak of 2,383 cps with the
down-hole gamma survey. The anomalous results are associated with a narrow brecciated fault
zone. Also very encouraging is a major 30m wide graphitic mylonitic fault zone encountered a
further 150m down-hole. The first two holes at Broach Lake (PLN22-028 and 030B) encountered
visible dravite. Dravite is a boron-rich clay mineral, often found in association with uranium
mineralization and is considered an important pathfinder mineral in uranium exploration. The
combination of anomalous radioactivity within a fault zone, and association of dravite clay and
large graphitic mylonites is very encouraging as these are hallmark features often associated with
high-grade mineralization in the Athabasca Basin.
Raymond Ashley P. Geo, VP Exploration for Fission 3.0 commented, “Encountering the
right structural setting, graphitic mylonitic shear zones, dravite clay and anomalous
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radioactivity on our 1st pass of drilling at Broach Lake, very much elevates the potential
for uranium mineralization at this target area. These are important features in nearby
deposits such as Fission Uranium’s Triple R and NexGen Energy’s Arrow deposits. The
technical team is encouraged by the results of the Broach Lake so far”
Details of Drill Holes
Broach Lake Target
PLN22-028 and PLN22-030B: Visible dravite, a boron-rich clay mineral and often found in the
proximity of uranium mineralization, was observed in multiple narrow basement hosted fractures
in the first two holes at Broach Lake (PLN22-028 and 030B), approximately 20m below the
unconformity at a depth 280m. All three holes at Broach Lake (PLN22-028, 030B and 031)
intersected variable intervals of strong chlorite, clay, and silica alteration as well as bleaching and
intense hematite alteration.
PLN22-031: Anomalous radioactivity with a maximum of 510cps radioactivity measured with the
hand held RS-125 scintillometer on drill core at 373.6m to 373.9m corresponded to a 0.6m interval
with radioactivity in the down hole gamma survey with an average of 1499cps and a peak of
2383cps. It was the first hole testing the new conductor defined by ground EM geophysical
surveys conducted earlier this winter (NR Jan 10, 2022). A large 30m-wide graphitic mylonitic
fault zone with ductile shearing was intersected 150m deeper in the hole. Hole PLN22-031 was
terminated at 620m and the drill has since moved to test the same conductor closer to the
unconformity and further along strike (hole PLN22-032) where it intersects a coinciding NE
trending resistivity low feature.
N Conductor Target
PLN22-029: Drill hole PLN22-029 was an exploration hole drilled testing the deep N Conductor
complex 22km north of Broach Lake in the northern part of the property. The N Conductor is
defined by multiple parallel basement EM conductors, and the overlying low resistivity zone in the
lower part of the Athabasca sandstone. The resistivity low is a geophysical feature interpreted to
possibly represent hydrothermal alteration. The unconformity was intersected at a depth of
675.9m and the drill hole intersected multiple structures in the basement gneisses within a 91m
core interval that were strongly graphitic in very broken sections of core that display cataclastic
and mylonitic textures indicative of both ductile shearing and brittle faulting. Anomalous
radioactivity of 300cps measured with a hand held RS-125 scintillometer, was encountered in the
drill hole at a depth of 783.8m.
Natural gamma radiation in drill core that is reported in this news release was measured in counts
per second (cps) using a hand held RS-125 scintillometer by Radiation Solutions. Natural gamma
radiation in the drill hole surveys that are reported in this news release was measured in counts per
second (cps) using a QL40-GRA borehole gamma probe by Mount Sopris Instruments. 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 intersections are down-hole. All depths reported of core interval
measurements of radioactivity are not always representative of true thickness.
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
‘Please check out more information and Maps on the Fission 3.0 website’:
https://www.fission3corp.com/
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% U3O8 within 6.0 m of 0.12% U3O8.
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.
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 Investor Relations
Ph: 778-484-8030
"Dev Randhawa" TF: 844-484-8030
Dev Randhawa, CEO www.fission3corp.com
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