F3 Uranium drills 13.7% U3O8 over 2.5 metres at JR Zone, Patterson Lake North Property, Saskatchewan
F3 Uranium Corp. [TSXV: FUU; OTCQB: FUUFF] reported final assay results of 2024 JR Zone drilling, Patterson Lake North Property, Saskatchewan, including drillhole PLN24-184 which returned 13.0 metres of 3.2% U3O8, including a high-grade core with 2.5 metres of 13.7% U3O8. Exploration geochemical results are highlighted by PLN24-187 which targeted and intersected the A1 Extension 3.2km along strike from JR Zone, an interpreted continuation of the A1 Main Shear on the southeast side of the Harrison Fault and which intersected strongly elevated uranium values averaging 70 ppm over 8.5 metres, with a peak of 244 ppm at 549.0 metres.
Elevated uranium values of 111 ppm U over 5.5 metres between 193.5 and 199.0 metres in PLN14-019 helped prioritize the A1 conductor which hosts the JR Zone. Continued anomalous intersects across the Harrison fault, A1 Extension and B1 areas highlight the complex geologic and structural setting which still hosts numerous high priority untested targets.
F3 has engaged SLR International Corp. to complete the maiden resource estimate for the company.
2024 JR Zone Highlights: PLN24-184 (line 105S): 13.0m at 3.2% U3O8 (228.5m to 241.5m), including 2.5 at 13.7% U3O8 (238.0m to 240.5m), further including 0.5m at 26.3% U3O8 (238.5m to 239.0m).
PLN24-185 (line 025S): 11.5m at 2.7% U3O8 (219.5m to 231.0m), including 3.5m at 8.2% U3O8 (222.5m to 226.0m), further including 1.0m at 17.7% U3O8 (223.0m to 224.0m).
Sam Hartmann, Vice President Exploration, commented: “F3 Uranium is pleased to report the completion of the 2024 assay results for the JR Zone drilling program. These results will be integrated into our dataset to support the maiden mineral resource estimate, targeted for completion in Q4 2025. This milestone represents a significant achievement for F3 Uranium, advancing the JR Zone from discovery to a defined resource. During this time, we will continue drilling at our new discovery – the Tetra Zone just 12km to the south.”
The company considers uranium mineralization with assay results of greater than 1.0 weight % U3O8 as “high grade” and results greater than 20.0 weight % U3O8 as “ultra-high grade”.
All depth measurements reported are down-hole and true thicknesses are yet to be determined.
The company’s 42,961-hectare, 100%-owned Patterson Lake North Project (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Paladin’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits, an area poised to become the next major area of development for new uranium operations in northern Saskatchewan.
The PLN Project consists of the 4,074-hectare Patterson Lake North Property hosting the JR Zone Uranium discovery approximately 23km northwest of Paladin’s Triple R deposit, the 19,864-hectare Minto Property, and the 19,022-hectare Broach Property hosting the Tetra Zone, F3’s newest discovery 13km south of the JR Zone. All three properties comprising the PLN Project are accessed by Provincial Highway 955.
F3 is a uranium exploration company, focusing on the high-grade JR Zone and new Tetra Zone discovery 12km to the south in the PW area on its Patterson Lake North (PLN) Project in the Western Athabasca Basin, Saskatchewan. F3 currently has 3 properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach. The western side of the Athabasca Basin is home to some of the world’s largest high grade uranium deposits including Paladin’s Triple R Project and NexGen’s Arrow Project.