F3 Hits 2.0m of 31.4% U3O8 Within 7.6% Over 12.0m at JR
F3 Uranium Corp (TSXV: FUU, OTCQB: FUUFF) reported significant assay results from its winter 2024 drill program at the JR Zone, including a notable 2.0m interval grading 31.4% U3O8 within a 12.0m interval averaging 7.6% U3O8. The summer drilling program continues around the A1 and B1 shears, showing promising structure and radioactivity. Highlight assays include PLN24-116 with high-grade uranium, and ongoing exploration at B1 showing potential. Noteworthy summer findings include intermittent radioactivity at multiple drill sites, indicating potential uranium mineralization.
- PLN24-116: 2.0m @ 31.4% U3O8 within 12.0m @ 7.6% U3O8.
- Summer drilling shows excellent structure and radioactivity at A1 and B1 shears.
- PLN24-152 intersected two radioactive intervals with up to 760 cps.
- Strong geochemical results at B1 with up to 0.022% U3O8.
- Several drill holes showed no mineralization > 0.05% U3O8.
- High variability in assay results, with some intervals showing weak radioactivity.
- Large-scale ground surveys still in progress, delaying comprehensive results.
Kelowna, British Columbia--(Newsfile Corp. - June 12, 2024) - F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") is pleased to announce assay results for fifteen drillholes from the winter 2024 drill program, including PLN24-116 which was cored in the JR Zone (see NR January 30, 2024) and which returned 12.0m of
Exploration is proceeding with two diamond drills, one focused on systematically testing the A1 shear using short holes, infilling along strike in areas with low drillhole density and intercepting intermittent weak radioactivity. The second diamond drill is currently focusing on the area between the southern end of the A1 shear and the B1 shear, an area of structural complexity marked by the cross-cutting Harrison fault, with related A1 shear splays interpreted as fault horses on the footwall side of the Harrison fault. Of particular interest is PLN24-152 (see Photo 1) which intersected two radioactive intervals within graphitic and clay altered shear zones including the main A1 shear.
A large-scale ground gravity survey, including coverage over the A1 and B1 shears is still in progress.
Sam Hartmann, Vice President Exploration, commented:
"We are very pleased with the results of the ongoing exploration program, in particular the area around the southern end of A1 where our geological targeting model is improving. The area between the A1 and B1 shears continues to be rich with the right kind of structures - altered and displaying radioactivity. Our release today includes winter assays up to hole PLN24-131, with an additional fourteen holes still outstanding, including six from B1. Strongly anomalous exploration geochemistry results at B1 with up to 0.022 % U3O8 in PLN24-122 reinforce our belief that the area has the potential to host high grade uranium. This is bolstered by the concurrent release of scintillometer data including PLN24-152, which intersected two radioactive intervals - coupled with very favorable structure and alteration."
Winter 2024 JR Assay Highlight:
PLN24-116 (line 075S):
- 12.0m @
7.6% U3O8 (224.0m to 236.0m), including: - 8.0m @
11.2% U3O8 (224.5m to 232.5m), further including - 2.0m @
31.4% U3O8 (227.0 m to 229.0m)
Winter 2024 Exploration Geochemistry Highlights:
PLN24-122 (line 3450S) B1 Exploration:
- 0.5m @ 178 ppm U, 0.022 % U3O8 (596.5m to 597.0m)
PLN24-131 (line 795S) A1 Exploration:
- 0.5m @ 100 ppm U, 0.010 % U3O8 (252.5m to 253.0m)
Summer 2024 Handheld Spectrometer Highlights:
PLN24-149 (line 795S) A1 Shear Exploration:
- 0.5m radioactivity from 196.5m - 197m, with a peak radioactivity of 430 cps
PLN24-152 (line 2850S) A1/B1 Shear Exploration:
- 1.5m radioactivity from 351.0m - 352.5m, with a peak radioactivity of 460 cps, and
- 0.5m radioactivity from 436.0m - 436.5m, with a peak radioactivity of 340 cps, and
- 0.5m radioactivity from 440.5m - 441.0m, with a peak radioactivity of 760 cps
PLN24-157 (line 2745S) A1/B1 Shear Exploration:
- 0.5m radioactivity from 460.0m - 460.5m, with a peak radioactivity of 380 cps, and
- 1.0m radioactivity from 558.5m - 559.5m, with a peak radioactivity of 730 cps
PLN24-158 (line 2040S) A1 Exploration:
- 0.5m radioactivity from 179.5m - 180.0m, with a peak radioactivity of 530 cps
PLN24-160 (line 2430S) A1 Exploration
- 0.5m radioactivity from 172.5 - 173.0m, with a peak radioactivity of 430 cps
Photo 1. PLN24-152 Mineralized Intervals
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/212640_da6f9bbb8421195f_002full.jpg
Table 1. Drill Hole Summary and Uranium Assay Results
| Collar Information | Assay Results | |||||||||
| Hole ID | Grid Line | Easting | Northing | Elevation | Az | Dip | From (m) | To (m) | Interval (m) | U3O8 weight % |
| PLN24-116 | 075S | 587757.9 | 6410697.1 | 546.0 | -65.5 | 54.3 | 224.00 | 227.00 | 3.00 | 3.49 |
| 227.00 | 229.00 | 2.00 | 31.4 | |||||||
| incl | 228.00 | 228.50 | 0.50 | 47.8 | ||||||
| 229.00 | 232.50 | 3.50 | 4.72 | |||||||
| incl | 231.00 | 231.50 | 0.50 | 10.4 | ||||||
| 232.50 | 236.00 | 3.50 | 0.24 | |||||||
| 272.00 | 272.50 | 0.50 | 2.33 | |||||||
| PLN24-117 | 000 | 587655.7 | 6410710.8 | 544.7 | -54.4 | 54.1 | 262.50 | 267.50 | 5.00 | 0.09 |
| PLN24-118 | 3240S | 589686.9 | 6408181.3 | 534.7 | -70.7 | 54.0 | B1 Exploration; no mineralization >0.05 | |||
| PLN24-119 | 045S | 587688.1 | 6410678.8 | 545.3 | -62.1 | 54.2 | 256.50 | 259.00 | 2.50 | 0.05 |
| 265.50 | 266.00 | 0.50 | 0.18 | |||||||
| 268.50 | 269.00 | 0.50 | 0.12 | |||||||
| PLN24-120 | 150S | 587778.3 | 6410614.7 | 545.6 | -59.8 | 53.9 | no mineralization >0.05 | |||
| PLN24-121 | 090N | 587651.1 | 6410818.9 | 545.4 | -60.2 | 52.4 | no mineralization >0.05 | |||
| PLN24-122 | 3450S | 589879.7 | 6408062.4 | 538.4 | -66.0 | 55.2 | B1 Exploration; no mineralization >0.05 | |||
| PLN24-123 | 015N | 587736.6 | 6410788.7 | 545.6 | -65.5 | 54.9 | no mineralization >0.05 | |||
| PLN24-124 | 240S | 587846.9 | 6410598.5 | 546.0 | -66.7 | 78.6 | A1 Exploration; no mineralization >0.05 | |||
| PLN24-125 | 090N | 587634.3 | 6410806.6 | 545.2 | -60.2 | 51.9 | no mineralization >0.05 | |||
| PLN24-126 | 3555S | 589878.4 | 6407928.7 | 532.2 | -61.3 | 55.2 | B1 Exploration; no mineralization >0.05 | |||
| PLN24-127 | 045S | 587794.4 | 6410756.0 | 545.7 | -60.5 | 54.8 | no mineralization >0.05 | |||
| PLN24-128 | 030S | 587749.6 | 6410742.4 | 545.7 | -60.4 | 53.5 | 216.50 | 217.50 | 1.00 | 0.15 |
| PLN24-129 | 015S | 587747.0 | 6410758.9 | 545.7 | -61.5 | 54.2 | 215.00 | 220.00 | 5.00 | 0.70 |
| PLN24-130 | 1005S | 589527.1 | 6410832.3 | 539.1 | -65.0 | 55.1 | Exploration; no mineralization >0.05 | |||
| PLN24-131 | 795S | 588288.1 | 6410188.1 | 532.5 | -65.1 | 55.0 | A1 Exploration; no mineralization >0.05 | |||
Assay composite parameters:
1: Minimum Thickness of 0.5 m
2: Assay Grade Cut-Off:
3. Maximum Internal Dilution: 2.0 m
Table 2. Drill Hole Summary and Handheld Spectrometer Results
| Collar Information | * Hand-held Spectrometer Results On Mineralized Drillcore (>300 cps / >0.5m minimum) | Athabasca Unconformity Depth (m) | Total Drillhole Depth (m) | |||||||||
| Hole ID | Section Line | Easting | Northing | Elevation | Az | Dip | From (m) | To (m) | Interval (m) | Max CPS | ||
| PLN24-146 | 2850S | 589424.5 | 6408454.7 | 533.3 | -78.3 | 50.7 | B1 MSZ Exploration; no radioactivity >300 cps | 167.8, 274.4, 314.0 | 737 | |||
| PLN24-147 | 2370S | 589105.9 | 6408835.4 | 543.7 | -70.4 | 56.9 | A1 MSZ Exploration; no radioactivity >300 cps | n.a. | 293 | |||
| PLN24-148 | 2280S | 589072.1 | 6408921.7 | 543.9 | -73.9 | 55.5 | A1 MSZ Exploration; no radioactivity >300 cps | n.a. | 296 | |||
| PLN24-149 | 795S | 588316.1 | 6410208.7 | 530.8 | -58.9 | 53.9 | 196.50 | 197.00 | 0.50 | 430 | n.a. | 296 |
| PLN24-150 | 1125S | 588460.1 | 6409904.8 | 533.3 | -70.3 | 58.1 | A1 MSZ Exploration; no radioactivity >300 cps | n.a. | 275 | |||
| PLN24-151 | 1530S | 588676.0 | 6409561.0 | 544.5 | -70.4 | 54.1 | A1 MSZ Exploration; no radioactivity >300 cps | n.a. | 305 | |||
| PLN24-152 | 2850S | 589259.2 | 6408356.8 | 537.2 | -67.8 | 53.1 | 351.00 | 351.50 | 0.50 | 460 | 179.9 | 626 |
| 351.50 | 352.00 | 0.50 | <300 | |||||||||
| 352.00 | 352.50 | 0.50 | 420 | |||||||||
| 436.00 | 436.50 | 0.50 | 340 | |||||||||
| 440.50 | 441.00 | 0.50 | 760 | |||||||||
| PLN24-153 | 555S | 588064.4 | 6410322.0 | 534.6 | -72.0 | 55.6 | A1 MSZ Exploration; no radioactivity >300 cps | 125.0 | 293 | |||
| PLN24-154 | 2100S | 587534.1 |
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"text": "PLN24-116 showed a notable 2.0m interval grading 31.4% U3O8, indicating a high-grade uranium deposit."
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FAQ
What were the significant assay results for F3 Uranium's winter 2024 drill program?
The significant results include a 12.0m interval averaging 7.6% U3O8, with a high-grade section of 2.0m grading 31.4% U3O8.
What is the importance of the PLN24-116 drill hole for F3 Uranium?
PLN24-116 showed a notable 2.0m interval grading 31.4% U3O8, indicating a high-grade uranium deposit.
What are the highlights of F3 Uranium's summer 2024 drilling program?
Summer highlights include intermittent radioactivity found in multiple drill holes, showing potential uranium mineralization, particularly around the A1 and B1 shears.
What were the findings from the summer 2024 geochemical surveys at B1?
Geochemical surveys at B1 returned strongly anomalous results, with up to 0.022% U3O8, indicating high-grade uranium potential.
What challenges did F3 Uranium face in their winter 2024 drilling program?
Challenges included multiple drill holes with no significant uranium mineralization (>0.05% U3O8) and high variability in assay results.
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