F3 Hits 66.8% U3O8 over 0.5m within 42.4% over 2.0m at JR
- None.
- None.
Kelowna, British Columbia--(Newsfile Corp. - February 12, 2024) - F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") is pleased to announce final assay results from the fall 2023 drill program, including PLN23-110 (see NR dated December 18, 2023) which returned 2.0m of
Sam Hartmann, VP Exploration, commented:
"PLN23-110 returned ultra-high grade assays, including the highest assay to date -
The Company is also pleased to announce that it has completed a technical report for its Patterson Lake North (PLN) Project, including the PLN, Broach and Minto properties, pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101"). The report was completed by lead consultant SLR International Corporation ("SLR") with an effective date of November 20, 2023, prepared for F3 Uranium Corp. and dated January 25, 2024. The report will be filed on SEDAR within 45 days.
Assay Highlight:
PLN23-110 (line 015S): mineralized intervals
- 2.5m @
0.23% U3O8 (217.0m to 219.5m), and - 2.0m @
42.4% U3O8 (226.0m to 228.0m), including - 1.5m @
55.4% U3O8 (226.0m to 227.5m), further including - 0.5m @
66.8% U3O8 (227.0m to 227.5m)
Main JR Zone Intercepts:
PLN23-101 (line 015S): mineralized intervals
- 11.5m @
0.39% U3O8 (218.5m to 230.5m), including - 1.5m @ 1.77% U3O8 (222.5m to 224.0m), and
- 1.5m @
2.64% U3O8 (227.5m to 229.0m)
PLN23-106 (line 120S): mineralized interval
- 0.5m @
0.07% U3O8 (240.5m to 241.0m)
PLN23-108 (line 030S): mineralized intervals
- 0.5m @
0.24% U3O8 (256.5m to 257.0m), and - 0.5m @
0.67% U3O8 (260.5m to 261.0m)
PLN23-109 (line 015S): mineralized interval
- 2.5m @
0.33% U3O8 (221.0m to 223.5m)
PLN23-112 (line 060S): mineralized intervals
- 8.0m @
1.03% U3O8 (229.0m to 237.0m), including
0.5m @13.2% U3O8 (232.0m to 232.5m), and - 3.5m @
4.24% U3O8 (237.0m to 240.5m), including - 0.5m @
20.0% U3O8 (238.0m to 238.5m)
PLN23-114 (line 030S): mineralized intervals
- 3.0m @
0.05% U3O8 (219.5m to 222.5m), and - 1.5m @
0.64% U3O8 (230.5m to 232.0m), and - 0.5m @
0.11% U3O8 (235.5m to 236.0m)
Exploration Drilling Highlights:
PLN23-102 (line 3450S), B1 Area:
- 0.5m @ 79 ppm uranium (411.5m to 412.0m) in basement
PLN23-105 (line 3450S), B1 Area:
- 7.5m @ 48 ppm uranium (528.5m to 535.0m) in basement, including
- 0.5m @ 137 ppm uranium (531.5m to 532.0m)
PLN23-111 (line 3450S), B1 Area:
- 3.5m @ 1,198 ppm boron (357.5m to 361.0m) in sandstone, including
- 0.5m @ 2,770 ppm boron (357.5m to 358.0m)
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 % |
PLN23-101 | 015S | 587732.5 | 6410748.2 | 545.3 | 54.6 | -64.9 | 218.50 | 222.50 | 4.00 | 0.22 |
222.50 | 224.00 | 1.50 | 1.77 | |||||||
224.00 | 227.50 | 3.50 | 0.28 | |||||||
227.50 | 229.00 | 1.50 | 2.64 | |||||||
229.00 | 230.00 | 1.00 | 0.26 | |||||||
PLN23-102 | 3450S | 589712.2 | 6407939.1 | 540.0 | 53.1 | -65.6 | B1 exploration; no mineralization >0.05 | |||
PLN23-103 | 045S | 587780.7 | 6410746.1 | 545.7 | 54.5 | -60.3 | no mineralization >0.05 | |||
PLN23-104 | 105S | 587729.0 | 6410634.5 | 545.2 | 54.4 | -60.6 | no mineralization >0.05 | |||
PLN23-105 | 3450S | 589764.9 | 6407978.1 | 540.4 | 53.3 | -65.0 | B1 exploration; no mineralization >0.05 | |||
PLN23-106 | 120S | 587761.4 | 6410639.4 | 544.4 | 54.3 | -64.1 | 240.50 | 241.00 | 0.50 | 0.07 |
PLN23-107 | 3450S | 589673.7 | 6407913.1 | 539.9 | 55.0 | -65.2 | B1 exploration; no mineralization >0.05 | |||
PLN23-108 | 030S | 587682.1 | 6410692.8 | 545.1 | 53.6 | -60.3 | 256.50 | 257.00 | 0.50 | 0.24 |
260.50 | 261.00 | 0.50 | 0.67 | |||||||
PLN23-109 | 015S | 587739.0 | 6410762.5 | 545.5 | 54.7 | -74.9 | 221.00 | 223.50 | 2.50 | 0.33 |
PLN23-110 | 015S | 587733.4 | 6410749.2 | 545.5 | 53.3 | -61.8 | 217.00 | 219.50 | 2.50 | 0.23 |
226.00 | 228.00 | 2.00 | 42.4 | |||||||
incl | 226.00 | 227.50 | 1.50 | 55.4 | ||||||
PLN23-111 | 3240S | 589638.6 | 6408148.6 | 535.5 | 55.2 | -65.2 | B1 exploration; no mineralization >0.05 | |||
PLN23-112 | 060S | 587748.7 | 6410702.1 | 545.7 | 53.3 | -65.5 | 229.00 | 232.00 | 3.00 | 0.33 |
232.00 | 232.50 | 0.50 | 13.2 | |||||||
232.50 | 237.00 | 4.50 | 0.14 | |||||||
237.00 | 240.50 | 3.50 | 4.24 | |||||||
incl | 238.00 | 238.50 | 0.50 | 20.0 | ||||||
244.50 | 245.00 | 0.50 | 0.05 | |||||||
PLN23-113 | 930S | 588352.9 | 6410068.3 | 532.9 | 52.8 | -65.0 | A1 exploration; no mineralization >0.05 | |||
PLN23-114 | 030S | 587736.8 | 6410733.3 | 545.5 | 54.8 | -58.1 | 219.50 | 222.50 | 3.00 | 0.05 |
230.50 | 232.00 | 1.50 | 0.64 | |||||||
235.50 | 236.00 | 0.50 | 0.11 | |||||||
PLN23-115 | 2955S | 589548.1 | 6408433.1 | 530.8 | 42.9 | -67.9 | B1 exploration; no mineralization >0.05 |
Assay composite parameters:
- Minimum Thickness of 0.5 m
- Assay Grade Cut-Off:
0.05% U3O8 (weight %) - Maximum Internal Dilution: 2.0 m
Composited weight % U3O8 mineralized intervals are summarized in Table 1. Samples from the drill core are split in half sections on site. Where possible, samples are standardized at 0.5m down-hole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK while the other half remains on site for reference. Analysis includes a 63 element suite including boron by ICP-OES, uranium by ICP-MS and gold analysis by ICP-OES and/or AAS.
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 thickness are yet to be determined.
About Patterson Lake North:
The Company's 4,078-hectare
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., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has verified the data disclosed.
About F3 Uranium Corp.:
F3 Uranium is a uranium project generator and exploration company, focusing on projects in the Athabasca Basin, home to some of the world's largest high grade uranium discovery. F3 Uranium currently has 18 projects in the Athabasca Basin. Several of F3's projects are near large uranium discoveries including Triple R, Arrow and Hurricane.
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 definitive 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 date 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 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 release, 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: ir@f3uranium.com
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
See plan maps below and cross sections at PLN JR Zone| F3 Uranium Corp. under Sections.
Figure 1 - Patterson Lake North Fall 2023 Drill Program Update: Assay Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/197577_f8732418c479aa79_003full.jpg
Figure 2 - Patterson Lake North Fall 2023 Drill Program Update: JR Zone Assay Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/197577_f8732418c479aa79_004full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197577
FAQ
What are the highlights of the final assay results from the fall 2023 drill program by F3 Uranium Corp (FUUFF)?
Who commented on the ultra-high grade assays in the PR?
What properties are covered in the technical report completed by F3 Uranium Corp (FUUFF)?