09:05:16 EDT Fri 03 May 2024
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or Name
USA
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F3 Uranium Corp
Symbol FUU
Shares Issued 411,034,003
Close 2023-10-24 C$ 0.37
Market Cap C$ 152,082,581
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F3 Uranium continues drilling at JR zone

2023-10-25 09:09 ET - News Release

Mr. Dev Randhawa reports

DRILLING AT JR ZONE CONTINUES FOCUSING ON UP DIP AND DOWN DIP

F3 Uranium Corp. is continuing drilling with one diamond drill at the JR zone, which has been defined over a strike length of 156 metres, and is filling in up and down dip on section lines where the mineralization remains open. A second diamond drill that is focused on exploration drilling to the south of the JR zone along the A1B conductor continues to intersect encouraging signs for potential proximal mineralization. The current extended fall drill program is anticipated to continue until December, when there is anticipated to be a break over the Christmas season before drilling is set to resume in the new year.

Raymond Ashley, president, commented: "The JR zone, which is the most exciting recent discovery in the Athabasca basin is located at the north end of the conductive corridor, which contains the A1 and parallel and offset A1B conductors. Many of the uranium deposits in the Athabasca basin occur as individual and separate mineralized zones along a linear conductive geological fault structure -- so-called pearls on a string. The MobileMT electromagnetic survey has expanded the strike length of this prospective corridor by one-third, to a total of 4.9 kilometres, and has thereby substantially increased the strike length for potential additional mineralized zones. Continuing to intersect many of the hallmarks that identify the A1 main shear zone with drilling at A1B and knowing that the funds are in place for continued aggressive exploration has the team excited about the potential for the discovery of a second mineralized zone at PLN."

About Patterson Lake North

The company's 4,078-hectare, 100-per-cent-owned Patterson Lake North (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), which 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 kilometres 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, PGeo, president and chief operating officer of F3 Uranium and 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-producing region and is home to large deposits, including Triple R, Arrow and Shea Creek. F3 Uranium currently holds 18 projects across the Athabasca basin.

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