Drilling Continues at JR Zone While Ground Geophysics Commences on A1B
www.f3uranium.com
TSX VENTURE SYMBOL: FUU
OTC SYMBOL: FUUFF
Drilling Continues at JR Zone While Ground Geophysics
Commences on A1B
Kelowna, British Columbia— (Newsfile Corp. – October 24, 2023) – F3 Uranium Corp. (TSV: FUU) (OTCQB:
FUUFF) (“ F3” or “ the Company ”) is pleased to announce that the results of the airborne MobileMT
electromagnetic survey that was flown over the PLN property this summer indicates that the prospective
conductive corridor which hosts the JR Zone discov ery at its north end now has a one third increase in
total strike length to 4.9 km, displaying an extension of 1.3 km further to the SE than the previously defined
historical A1 and parallel and offset A1B conductors (see plan map below).
Mobilization has commenced for a 3D ground resistivity survey to obtain a signature over the JR Zone and
to develop targets for drilling in 2024 over the A1B conductor, ~3km south of the JR Zone, and the newly
defined southeastern 1.3 km extension to the co nductive corridor. Recent results of ongoing drilling at
A1B have identified anomalous radioactivity along with very intense alteration in the sandstone and
basement (see NR dated October 15, 2023) which are c haracteristics often observed in proximity to
mineralization. The area to be surveyed with 3d resistivity is based on an interpretation of the 2D results
of the airborne MobileMT electromagnetic survey. A 3D inversion of the data being produced by
Geotexera is anticipated to provide additional insight and a basis for planning additional ground
geophysical surveys to be carried out early next winter.
Raymond Ashley, President commented:
”Drilling continues at the JR Zone filling in up and down dip on section lines where the mineralization
remains open. A second drill is also continuing to focus on exploration drilling to the south of the JR Zone
along the A1B conductor where encouraging signs for potential proximal mineralization are being
encountered. We are excited that the ground 3D resistivity survey is about to commence to provide a
signature over the JR Zone and to help define targets for the aggressive drilling programs coming in 2024
that will allow us to ho me in on the next mineralized zone along the newly extended A1 and A1B
conductive corridor. We are looking forward to releasing our first assay results for the summer program
in the near term.”
About Patterson Lake North:
The Company’s 4,078-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 i s accessed by Provincial
Highway 955, which transects the property, and the new JR Zone 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., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has
verified the data disclosed.
About F3 Uranium Corp.:
F3 Uranium is advancing the newly discovered high -grade JR Zone on the PLN Property in the Western
Athabasca Basin. This area of Saskatchewan is poised to become a major uranium produc ing region and
is home to large deposits including Triple R, Arrow and Shea Creek. F3 Uranium currently holds 18 projects
across the Athabasca Basin.
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 suitabil ity 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 t he 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, w hether 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 releas e, and do not accept responsibility for the adequacy or
accuracy of this release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: [email protected]
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
(See Plan Map below)