F3 Uranium drills 12.0% U3O8 over 2.0 metres at Patterson Lake North, Saskatchewan
F3 Uranium Corp. [TSXV: FUU; OTCQB: FUUFF; FSE: GL7] released assay results for 13 drill holes of the continuing 2024 drill program on the PLN (Patterson Lake North) property, Saskatchewan, including PLN24-161 at the JR zone which returned 10.5 metres of 2.66% U3O8, including a high-grade 2.0-metre interval averaging 12.0% U3O8, further including an ultrahigh-grade core of 0.5 metre of 20.7% U3O8. Significant mineralization over a 13.5-metre interval was intersected in PLN24-184 on line 105S at JR, including 1.5 metres off-scale radioactivity (more than 65,535 cps) between 235.60 and 240.10 metres.
Exploration drilling focused mainly on the B1 area close to, and south of, the Harrison fault, with a number of very prospective drill holes, highlighted by PLN24-187, which was drilled on line 3240S, approximately 400 metres south of the Harrison fault and on section with PLN24-183. PLN24-183 was the first hole to intersect what is interpreted to be the southern extension of the A1 shear zone hosting the JR zone. Due to encouraging alteration and intense shearing, a downdip hole was drilled, and PLN24-187 encountered intense alteration and anomalous radioactivity.
Sam Hartmann, vice-president of exploration, commented: “Today’s update includes scintillometer results of drilling in the JR zone, where three holes successfully targeted high-grade mineralization in areas of lower drill hole density, as well as high-grade assay results of drill holes completed and previously announced earlier in the program. Exploration drilling south of the Harrison fault discovered the A1 shear extension, approximately 400 metres beyond the previously interpreted southern extent of the A1 shear, as a discrete continuation, and parallel to the B1 structures. This potential for stacked and parallel structure south of Harrison fault provides further high-priority drill targets for high-grade uranium mineralization.”
JR zone assay highlights – PLN24-161 (line 035S): 10.5 metres at 2.66% U3O8 (206.5 m to 217.5 m), including 2.0 m at 12.0% U3O8 (207.5 m to 209.5 m). Further including 0.5 m at 20.7% U3O8 (208.0 m to 208.5 m).
PLN24-163 (line 095S): 13.0 m at 0.45% U3O8 (197.0 m to 210.0 m), including 2.5 m at 1.77% U3O8 (204.0 m to 206.5 m).
JR zone hand-held spectrometer highlights: PLN24-184 (line 105S): 13.5 metres mineralization from 228.5 m to 242.0 m, including 3.80 m cumulative mineralization of more than 10,000 counts per second (cps) radioactivity between 233.00 m and 240.30 m, including 1.5 m cumulative off-scale radioactivity (more than 65,535 cps) between 235.60 and 240.10 m.
PLN24-185 (line 025S): 13.0 metres mineralization from 218.0 m to 231.0 m, including 2.30 m cumulative mineralization of more than 10,000 cps radioactivity between 223.00 m and 230.50 m, including 0.5 m cumulative off-scale radioactivity (more than 65,535 cps) between 223.00 and 2,424.00 m.
Exploration hand-held spectrometer highlights – PLN24-178 (line 2835S) – B1 exploration: 0.5 metre radioactivity from 446.5 m to 447 m with a peak of 310 cps.
PLN24-180 (line 1125S) – A1 south exploration: 0.5 metre radioactivity from 319.0 m to 319.5 m with a peak of 700 cps.
PLN24-181 (line 2880S) – B1 exploration: 0.5 metres radioactivity from 377.5 m to 378.0 m with a peak of 360 cps.
PLN24-187 (line 3240S) – B1 exploration: 0.5 metres radioactivity from 549.0 m to 549.5 m with a peak of 300 cps.
The company considers uranium mineralization with assay results of greater than 1.0 weight per cent U3O8 as high grade and results greater than 20.0 weight per cent U3O8 as ultrahigh grade.
All depth measurements reported are downhole and true thickness are yet to be determined.
Patterson Lake North: The company’s 4,078-hectare 100%-owned PLN property is located just within the southwestern edge of the Athabasca basin in proximity to Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade world-class uranium deposits, is poised to become the next major area of development for new uranium operations in Northern Saskatchewan. PLN is accessed by provincial Highway 955, which transects the property, and the new JR zone uranium discovery is located 23 km northwest of Fission Uranium’s Triple R deposit.
F3 Uranium is a uranium exploration company advancing its newly discovered high-grade JR zone and exploring for additional mineralized zones on its 100%-owned PLN project in the southwestern Athabasca basin. PLN is accessed by provincial Highway 955, which transects the property, and the new JR zone discovery is located approximately 25 km northwest of Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits. This area is poised to become the next major area of development for new uranium operations in Northern Saskatchewan. The PLN project comprises the PLN, Minto and Broach properties. The Broach property incorporates the former PW property, which was obtained from CanAlaska as a result of a property swap.