Fission 3.0 Commences Murphy Lake Drilling
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OTCQB SYMBOL : FISOF
Fission 3.0 Commences Murphy Lake Drilling
July 5, 2022 – Kelowna, B.C. – Fission 3.0 Corp. (“Fission 3”) is pleased to report that drilling has
commenced at its Murphy Lake property in the Eastern Athabasca Basin in Saskatchewan. Plans are to drill
6 diamond drill holes totaling approximately 2400m to test a new >1.5km long north-south resistivity low
zone in the lower sandstone and basement in the east part of the property that was interpreted from the
recently completed DC Resistivity ground geophysics survey.
This is F3’s first drill program at its Murphy Lake property which is located 5km south of IsoEnergy’s high-
grade uranium Hurricane Zone and 4.5km east of Cameco’s La Roque Uranium Zone. IsoEnergy’s recently
discovered Hurricane Zone now measures 757m long, 75m across and up to 11m thick with intersections
up to 33.9% U3O8 discovery of over 8.5m, including 57.1% U3O8 over 5.0m. Cameco’s La Roque Uranium
Zone has drill intersections along a 400m drill defined strike length which have returned up to 27.9%
U3O8 over 7.0 m in historic hole Q22-40 along with elevated values of associated pathfinder elements and
gold.
The association of the resistivity low feature in the lower sandstone above the one in the basement may
indicate alteration in the lower sandstone which is known to occur above Athabasca unconformity high
grade uranium mineralization. Drilling by the Company this summer will be focused on the SE part of the
new resistivity feature where Time Domain Electromagnetic (TDEM) ground geophysics was completed
just before the breakup of the lake ice. The drill holes target the conductors defined by the ground EM
surveys as they can indicate graphitic shear zones along which uranium mineralization is known to be
localized. This area is along strike and 2.5km to the north of historic hole Q23-5 to the south of the
Murphy Lake property that intersected 0.9% U3O8, 0.98% Co, and 0.75% Ni over 1.5m in basement rocks
11m below the unconformity.
Additional TDEM ground geophysics will need to be collected next winter from lake ice to define drill
targets over the northern parts of the new resistivity low zone.
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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 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. Fission 3 is currently planning a winter exploration/drill program on its
PLN project.
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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 defi nitive 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 dat e 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
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Fission 3.0 Corp. Contact Information
Investor Relations
Telephone: 778 484 8030
Email: [email protected]
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
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Cautionary Statement: Certain information contained in this press release constitutes
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these forward-looking statements can be identified by the use of forward-looking
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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
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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.