Fission 3.0 Drilling Intersects Encouraging Clay-Altered Fault
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Suite 750 – 1620 Dickson Ave.
Kelowna, BC V1Y 9Y2
www.fission3corp.com
TSX VENTURE SYMBOL : FUU
OTC SYMBOL : FISOF April 25, 2022
Fission 3.0 Drilling Intersects Encouraging Clay-Altered Fault
Zone at Hearty Bay
FISSION 3.0 CORP (“Fission 3” or “the Company”) is pleased to report that drilling and
ground geophysics at the Hearty Bay project in the Saskatchewan Athabasca region, in the main
up-ice direction from the historic high-grade uranium boulder trains on Isle Brochet, has
intersected a hydrothermally clay-altered fault zone in hole HB-22-008 at the SW end of a new
conductor. This is encouraging as uranium mineralization in the Athabasca basin is often found in
proximity to clay-altered and conductive fault zones and this new conductor is a promising target
for future drilling.
Highlights of the drilling and geophysics program are as follows:
● 14 drill holes completed for 1,304 metres of diamond drilling
● 77 line-kms of ground EM geophysics completed
● Hole HB22-005 and HB22- 008 intersected a 3m zone and an 11.5m zone respectively of
brecciated and faulted basement rock that displayed str ong hydrothermal clay alteration,
features often associated with uranium mineralization in the Athabasca Basin.
● Hole HB22-008 intersected a significant fault with encouraging alteration furthest to the NE
from the high -grade uranium boulder trains on Isle Brochet in the main up -ice direction,
supporting that future drilling to locate the source should continue in this direction.
● The ground EM survey has identified new basement conductors to the NE of Isle Brochet
that coincide with interpreted faults from the 2019 marine seismic survey. Drill hole HB22-
008 is located at the SW end of these 2km -long subparallel conductors, suggesting an
association with the intersected hydrothermally altered fault and providing follow up targets
for future drilling along these new conductors.
● 429 drill core samples have been submitted to SRC Geoanalytical Laboratories in Saskatoon
for geochemical analysis. The geochemical results will be used to try to vector in towards
the source of the high-grade uranium boulder trains and refine future drill targets.
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The objective of the drill program was to test interpreted structural features and sandstone outliers
based on the 2019 marine seismic survey in the main up-ice direction from the historic high-grade
uranium boulder trains on Isle Brochet and beyond the known edge of the Athabasca Basin. While
no sandstone outliers were identified, holes HB22-005 and HB22-008 intersected a 3m zone and
an 11.5m zone respectively of brecciated and faulted basement rocks with hydrothermal clay
alteration. The significant fault zone from 74.5m to 86m in hole HB22-008 is comprised of a 1.6m
clay-supported cataclasite breccia immediately followed by clay, quartz and calcite occurring in
fractures and smaller scale faults. This is encouraging as uranium mineralization in the Athabasca
Basin is often found in proximity to hydrothermal clay-altered fault zones.
Hole HB22-008 is furthest to the NE from the high-grade uranium boulder trains on Isle Brochet
in the main up-ice direction which supports that future drilling to discover the source of the
uraniferous boulder field should continue in this direction.
The ground EM survey has identified previously unknown NE-trending basement conductors to
the NE of Isle Brochet. Drill hole HB22-008 is located at the SW end of these new 2km-long
subparallel conductors, pointing to a possible association with the encouraging hydrothermally
altered fault and providing additional support for future drilling to proceed further to the NE along
and targeting these new conductors. (Please see attached map.)
About Hearty Bay:
The Hearty Bay property comprising 7 contiguous mineral claims with an area of 11,173 ha. is
located on the north edge of the Athabasca Basin, 20 km west of the Fond-du-Lac uranium deposit
and 60 km east of the Beaver Lodge uranium district. The property surrounds the historic Isle
Brochet high-grade boulder field, consisting of the Wolfe and Jackfish 1 km long dispersal trains
trending in a down-ice direction and containing reported historic assay values up to 3.54%
uranium. Approximately 600m to the northeast on the lake bottom a group of radioactive boulders
were discovered reported to contain up to 1.4% U3O8. These boulders were both sandstone and
altered basement rocks which was interpreted to indicate that the mineralized source was at or near
the unconformity. Historic drilling by Eldorado proximal to these boulders at the margin of the
Athabasca Basin did not intersect any significant radioactivity, and thus the source remains
undetermined.
Prospecting work conducted by Fission 3 in 2019 on the historic Wolfe and Jackfish boulder fields
at Isle Brochet has identified and sampled 45 new occurrences of mineralized sandstone and basal
conglomerate boulders, returning radioactivity readings between 190 to >10,000 cps and assay
values ranging from 0.07% to 8.23% U3O8. Over 24% of the boulders returned assay values of
>1% U3O8 with an average of 3.06% U3O8. The sandstone and conglomerate lithologies suggests
the source originates at or near the Athabasca Sandstone – Basement unconformity, and likely
nearby. Additionally, historic records report the occurrence of mineralized basement and
sandstone lithologies in the boulder fields. This strongly suggests that the Athabasca Basin margin
represents a high-priority focus for exploration for source.
A 255km marine seismic survey was conducted by the company to the NE of Isle Brochet in the
main up-ice direction. Interpretations suggested several potential drill targets consisting of possible
sandstone outliers bounded by basement structural features to the northeast and further up ice from
where the historic Eldorado drilling was focused.
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
A 2,490 line km high resolution magnetic and radiometric airborne geophysical survey was flown
in 2021 and several new geologic structures were interpreted from the data.
Traction Uranium Corp. (CSE: TRAC) (OTC: TRT) (FRA:Z1K) has the option to acquire up to a
70% interest in the Hearty Bay Project and it funded the winter 2022 ground geophysics and
drilling program. (See Dec 10, 2021 F3.0 news release.)
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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and Fission 3 Corp. disclaim any intention or obligation to update or revise any forward-
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