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F3 Hits Strongest Hole to Date 3.82m of Off-scale (>65,535 cps)

Extends JR Zone to 105m in Length

Kelowna, British Columbia--(Newsfile Corp. - March 27, 2023) - F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") is pleased to announce scintillometer results from the final nine holes of the winter drill program at the JR Zone on the Patterson Lake North ("PLN") Property, including five high grade intercepts. Drill hole PLN23-060 collared on line 060S has intersected the strongest radioactivity to date at the JR Zone. It was collared up dip of hole PLN23-052 (see news release February 21, 2023) and intersected radioactivity over 17.5m, including 3.82m of continuous off-scale radioactivity >65,535 cps between 244.0m and 247.82m. PLN23-061 stepped out further to line 075S and resulted in 14.0m of mineralization, including 2.81m of composite off-scale (>65,535 cps) radioactivity within 5.08m of composite radioactivity >10,000 cps. An additional drill hole was added to the program stepping out further along strike on line 090S, where PLN23-062 intersected 6.0 m of composite radioactivity including 1.0m of continuous off-scale (>65,535 cps) radioactivity. These holes expanded the strike length of the JR Zone by another 30m, to a current length of 105m.

Raymond Ashley, Vice President Exploration, commented:

ADVERTISEMENT

"With the final nine holes of the winter 2023 drill program the technical team is delighted to announce the strongest off-scale radioactivity drilled so far at the JR Zone with infill hole PLN23-060 on line 060S, making it the best hole to date. Moreover, the two holes which have expanded the JR Zone to a current length of 105m both intersected off-scale radioactivity >65,535 cps, hole PLN23-061 which stepped out to line 075S and hole PLN23-62 which stepped out further to line 090S. Additional holes will be planned for the summer program on section 30N as the single hole drilled on that section, PLN23-055, did not intersect mineralization. This is a fantastic ending to a very successful winter program of growing the JR Zone along strike towards the south within the A1 main shear zone, following the direction in which strong continuity of high grade mineralization had been established earlier in the drill program."

Drilling Highlight:

PLN23-060

  • 17.5m composite mineralization from 231.5m - 253.5m, including

    • 4.98m composite mineralization of >10,000 cps between 243.17m - 252.83m, further including 3.82m of continuous off-scale (>65,535 cps) radioactivity from 244.00m - 247.82m (see Photo 1.)

Main Intercepts:

PLN23-054 (line 075S):

  • 14.5m composite mineralization from 244.0m - 269.0m with a peak radioactivity of 6,600 cps from 248.5m - 249.0m

PLN23-056 (line 030S):

  • 11.5m composite mineralization from 237.5m - 249.0m, including

    • 1.34m continuous mineralization of >10,000 cps radioactivity between 247.16m - 248.50m with a peak of 32,300 cps

PLN23-057 (line 045S):

  • 7.0m composite mineralization from 246.0m - 268.5m with a peak radioactivity of 1,400 cps from 252.0m - 252.5m

PLN23-058 (line 060S):

  • 1.0 m continuous mineralization from 253.0m - 254.0m with a peak radioactivity of 360 cps

PLN23-059 (line 045S):

  • 17.0m composite mineralization from 238.5m - 255.5m, including

    • 1.32m composite mineralization of >10,000 cps radioactivity between 243.18m - 254.00m with a peak radioactivity of 31,100 cps

PLN23-061 (line 075S):

  • 14.0m composite mineralization from 246.0m - 260.0m, including

    • 5.08m composite mineralization of >10,000 cps radioactivity between 246.71m - 254.93m, further including 2.81m of composite off-scale (>65,535 cps) radioactivity

PLN23-062 (line 090S):

  • 6.0m composite mineralization from 240.5m - 256.5m, including

    • 1.0m continuous off-scale (>65,535 cps) radioactivity between 246.5m - 247.5m

Natural gamma radiation in the drill core that is reported in this news release was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 scintillometer. The Company considers greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and greater than 65,535 cps as off-scale. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. All depth measurements reported are down-hole and true thickness are yet to be determined. Samples from the drill core are split in half on site and are standardized at 0.5m lengths. One half of the split sample will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK. for lithogeochemical analysis using their "Uranium Package".

All depth measurements reported are down-hole and true thickness are yet to be determined but the Company estimates true thickness of the reported intervals in this news release to be close to reported interval widths.


 
Photo 1: PLN23-060 Drill Core Photo
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/159913_ac1b5691e49bdb6e_002full.jpg

Table 1. 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

PLN23-054

075S

587713.9

6410660.4

545.7

53.9

-58.2

244.00

244.50

0.50

820

209.0

371

 

 

 

 

 

 

 

244.50

245.00

0.50

810

 

 

 

 

 

 

 

 

 

245.00

247.00

2.00

<300

 

 

 

 

 

 

 

 

 

247.00

247.50

0.50

350

 

 

 

 

 

 

 

 

 

247.50

248.00

0.50

580

 

 

 

 

 

 

 

 

 

248.00

248.50

0.50

630

 

 

 

 

 

 

 

 

 

248.50

249.00

0.50

6600

 

 

 

 

 

 

 

 

 

249.00

250.00

1.00

<300

 

 

 

 

 

 

 

 

 

250.00

250.50

0.50

310

 

 

 

 

 

 

 

 

 

250.50

251.00

0.50

430

 

 

 

 

 

 

 

 

 

251.00

251.50

0.50

470

 

 

 

 

 

 

 

 

 

251.50

252.00

0.50

580

 

 

 

 

 

 

 

 

 

252.00

252.50

0.50

880

 

 

 

 

 

 

 

 

 

252.50

253.00

0.50

650

 

 

 

 

 

 

 

 

 

253.00

253.50

0.50

910

 

 

 

 

 

 

 

 

 

253.50

254.00

0.50

610

 

 

 

 

 

 

 

 

 

254.00

254.50

0.50

350

 

 

 

 

 

 

 

 

 

254.50

255.00

0.50

440

 

 

 

 

 

 

 

 

 

255.00

255.50

0.50

620

 

 

 

 

 

 

 

 

 

255.50

256.00

0.50

680

 

 

 

 

 

 

 

 

 

266.50

267.00

0.50

2100

 

 

 

 

 

 

 

 

 

267.00

268.50

1.50

<300

 

 

 

 

 

 

 

 

 

268.50

269.00

0.50

330

 

 

PLN23-055

030N

587668.4

6410756.9

545.4

54.0

-55.5

no radioactivity >300 cps

209.0

344

PLN23-056

030S

587705.0

6410718.0

545.2

54.2

-59.5

237.50

238.00

0.50

340

211.0

356

 

 

 

 

 

 

 

238.00

239.00

1.00

<300

 

 

 

 

 

 

 

 

 

239.00

239.50

0.50

300

 

 

 

 

 

 

 

 

 

239.50

240.00

0.50

<300

 

 

 

 

 

 

 

 

 

240.00

240.50

0.50

300

 

 

 

 

 

 

 

 

 

240.50

241.00

0.50

370

 

 

 

 

 

 

 

 

 

241.00

241.50

0.50

4400

 

 

 

 

 

 

 

 

 

241.50

242.00

0.50

7500

 

 

 

 

 

 

 

 

 

242.00

242.50

0.50

3900

 

 

 

 

 

 

 

 

 

242.50

243.00

0.50

610

 

 

 

 

 

 

 

 

 

243.00

243.50

0.50

<300

 

 

 

 

 

 

 

 

 

243.50

244.00

0.50

1100

 

 

 

 

 

 

 

 

 

244.00

244.50

0.50

350

 

 

 

 

 

 

 

 

 

244.50

245.50

1.00

<300

 

 

 

 

 

 

 

 

 

245.50

246.00

0.50

320

 

 

 

 

 

 

 

 

 

246.00

246.50

0.50

<300

 

 

 

 

 

 

 

 

 

246.50

247.00

0.50

1400

 

 

 

 

 

 

 

 

 

247.00

247.16

0.16

2300

 

 

 

 

 

 

 

 

 

247.16

247.50

0.34

17300

 

 

 

 

 

 

 

 

 

247.50

248.00

0.50

32300

 

 

 

 

 

 

 

 

 

248.00

248.50

0.50

28800

 

 

 

 

 

 

 

 

 

248.50

249.00

0.50

2700

 

 

PLN23-057

045S

587704.3

6410689.5

544.9

54.3

-62.3

246.00

246.50

0.50

380

199.9

362

 

 

 

 

 

 

 

249.00

249.50

0.50

840

 

 

 

 

 

 

 

 

 

249.50

250.50

1.00

<300

 

 

 

 

 

 

 

 

 

250.50

251.00

0.50

350

 

 

 

 

 

 

 

 

 

251.00

251.50

0.50

<300

 

 

 

 

 

 

 

 

 

251.50

252.00

0.50

720

 

 

 

 

 

 

 

 

 

252.00

252.50

0.50

1400

 

 

 

 

 

 

 

 

 

252.50

253.50

1.00

<300

 

 

 

 

 

 

 

 

 

253.50

254.00

0.50

610

 

 

 

 

 

 

 

 

 

254.00

254.50

0.50

930

 

 

 

 

 

 

 

 

 

257.00

257.50

0.50

1100

 

 

 

 

 

 

 

 

 

268.00

268.50

0.50

440

 

 

PLN23-058

060S

587715.6

6410678.4

544.5

54.6

-64.9

253.00

253.50

0.50

340

188.3

356

 

 

 

 

 

 

 

253.50

254.00

0.50

360

 

 

PLN23-059

045S

587717.0

6410702.1

545.1

55.4

-61.1

238.50

239.00

0.50

420

208.5

362

 

 

 

 

 

 

 

239.00

239.50

0.50

460

 

 

 

 

 

 

 

 

 

239.50

240.00

0.50

4900

 

 

 

 

 

 

 

 

 

240.00

240.50

0.50

890

 

 

 

 

 

 

 

 

 

240.50

241.00

0.50

440

 

 

 

 

 

 

 

 

 

241.00

241.50

0.50

3800

 

 

 

 

 

 

 

 

 

241.50

242.00

0.50

770

 

 

 

 

 

 

 

 

 

242.00

242.50

0.50

910

 

 

 

 

 

 

 

 

 

242.50

243.00

0.50

4700

 

 

 

 

 

 

 

 

 

243.00

243.18

0.18

8900

 

 

 

 

 

 

 

 

 

243.18

243.50

0.32

19100

 

 

 

 

 

 

 

 

 

243.50

244.00

0.50

22200

 

 

 

 

 

 

 

 

 

244.00

244.50

0.50

2200

 

 

 

 

 

 

 

 

 

244.50

245.00

0.50

480

 

 

 

 

 

 

 

 

 

245.00

245.50

0.50

<300

 

 

 

 

 

 

 

 

 

245.50

246.00

0.50

340

 

 

 

 

 

 

 

 

 

246.00

246.50

0.50

300

 

 

 

 

 

 

 

 

 

246.50

248.00

1.50

<300

 

 

 

 

 

 

 

 

 

248.00

248.50

0.50

430

 

 

 

 

 

 

 

 

 

248.50

249.00

0.50

2200

 

 

 

 

 

 

 

 

 

249.00

250.50

1.50

<300

 

 

 

 

 

 

 

 

 

250.50

251.00

0.50

300

 

 

 

 

 

 

 

 

 

251.00

251.50

0.50

370

 

 

 

 

 

 

 

 

 

251.50

252.00

0.50

1100

 

 

 

 

 

 

 

 

 

252.00

252.50

0.50

2300

 

 

 

 

 

 

 

 

 

252.50

253.00

0.50

310

 

 

 

 

 

 

 

 

 

253.00

253.50

0.50

<300

 

 

 

 

 

 

 

 

 

253.50

254.00

0.50

31100

 

 

 

 

 

 

 

 

 

254.00

254.50

0.50

2800

 

 

 

 

 

 

 

 

 

254.50

255.00

0.50

1500

 

 

 

 

 

 

 

 

 

255.00

255.50

0.50

1300

 

 

PLN23-060

060S

587728.7

6410689.6

545.0

54.8

-62.2

231.50

232.00

0.50

690

203.0

356

 

 

 

 

 

 

 

232.00

232.50

0.50

710

 

 

 

 

 

 

 

 

 

232.50

233.00

0.50

1600

 

 

 

 

 

 

 

 

 

233.00

233.50

0.50

480

 

 

 

 

 

 

 

 

 

238.00

238.50

0.50

320

 

 

 

 

 

 

 

 

 

238.50

239.00

0.50

880

 

 

 

 

 

 

 

 

 

239.00

239.50

0.50

9100

 

 

 

 

 

 

 

 

 

239.50

240.00

0.50

6300

 

 

 

 

 

 

 

 

 

240.00

240.50

0.50

9500

 

 

 

 

 

 

 

 

 

240.50

241.00

0.50

840

 

 

 

 

 

 

 

 

 

241.00

241.50

0.50

880

 

 

 

 

 

 

 

 

 

241.50

242.00

0.50

420

 

 

 

 

 

 

 

 

 

242.00

242.50

0.50

2700

 

 

 

 

 

 

 

 

 

242.50

243.00

0.50

7100

 

 

 

 

 

 

 

 

 

243.00

243.17

0.17

7000

 

 

 

 

 

 

 

 

 

243.17

243.50

0.33

28800

 

 

 

 

 

 

 

 

 

243.50

244.00

0.50

30600

 

 

 

 

 

 

 

 

 

244.00

244.50

0.50

>65535

 

 

 

 

 

 

 

 

 

244.50

245.00

0.50

>65535

 

 

 

 

 

 

 

 

 

245.00

245.50

0.50

>65535

 

 

 

 

 

 

 

 

 

245.50

246.00

0.50

>65535

 

 

 

 

 

 

 

 

 

246.00

246.50

0.50

>65535

 

 

 

 

 

 

 

 

 

246.50

247.00

0.50

>65535

 

 

 

 

 

 

 

 

 

247.00

247.50

0.50

>65535

 

 

 

 

 

 

 

 

 

247.50

247.82

0.32

>65535

 

 

 

 

 

 

 

 

 

247.82

248.00

0.18

5200

 

 

 

 

 

 

 

 

 

248.00

248.50

0.50

840

 

 

 

 

 

 

 

 

 

248.50

249.00

0.50

640

 

 

 

 

 

 

 

 

 

249.00

249.50

0.50

710

 

 

 

 

 

 

 

 

 

249.50

250.00

0.50

1100

 

 

 

 

 

 

 

 

 

250.00

250.50

0.50

1000

 

 

 

 

 

 

 

 

 

250.50

251.00

0.50

370

 

 

 

 

 

 

 

 

 

251.00

251.50

0.50

850

 

 

 

 

 

 

 

 

 

251.50

252.00

0.50

470

 

 

 

 

 

 

 

 

 

252.00

252.50

0.50

910

 

 

 

 

 

 

 

 

 

252.50

252.83

0.33

24200

 

 

 

 

 

 

 

 

 

252.83

253.00

0.17

1900

 

 

 

 

 

 

 

 

 

253.00

253.50

0.50

470

 

 

PLN23-061

075S

587720.0

6410666.7

545.5

54.6

-56.6

246.00

246.50

0.50

360

212.7

368

 

 

 

 

 

 

 

246.50

246.71

0.21

2500

 

 

 

 

 

 

 

 

 

246.71

247.00

0.29

12600

 

 

 

 

 

 

 

 

 

247.00

247.50

0.50

5200

 

 

 

 

 

 

 

 

 

247.50

248.00

0.50

5100

 

 

 

 

 

 

 

 

 

248.00

248.12

0.12

6100

 

 

 

 

 

 

 

 

 

248.12

248.28

0.16

14100

 

 

 

 

 

 

 

 

 

248.28

248.50

0.22

6400

 

 

 

 

 

 

 

 

 

248.50

248.67

0.17

7900

 

 

 

 

 

 

 

 

 

248.67

248.81

0.14

10000

 

 

 

 

 

 

 

 

 

248.81

249.00

0.19

2200

 

 

 

 

 

 

 

 

 

249.00

249.50

0.50

2900

 

 

 

 

 

 

 

 

 

249.50

250.00

0.50

6300

 

 

 

 

 

 

 

 

 

250.00

250.50

0.50

54800

 

 

 

 

 

 

 

 

 

250.50

250.69

0.19

7400

 

 

 

 

 

 

 

 

 

250.69

251.00

0.31

>65535

 

 

 

 

 

 

 

 

 

251.00

251.50

0.50

>65535

 

 

 

 

 

 

 

 

 

251.50

252.00

0.50

>65535

 

 

 

 

 

 

 

 

 

252.00

252.50

0.50

>65535

 

 

 

 

 

 

 

 

 

252.50

253.00

0.50

24500

 

 

 

 

 

 

 

 

 

253.00

253.50

0.50

>65535

 

 

 

 

 

 

 

 

 

253.50

254.00

0.50

>65535

 

 

 

 

 

 

 

 

 

254.00

254.32

0.32

23400

 

 

 

 

 

 

 

 

 

254.32

254.50

0.18

3200

 

 

 

 

 

 

 

 

 

254.50

254.57

0.07

2700

 

 

 

 

 

 

 

 

 

254.57

254.93

0.36

34200

 

 

 

 

 

 

 

 

 

254.93

255.00

0.07

2400

 

 

 

 

 

 

 

 

 

255.00

255.50

0.50

1000

 

 

 

 

 

 

 

 

 

255.50

256.00

0.50

570

 

 

 

 

 

 

 

 

 

256.00

256.50

0.50

2600

 

 

 

 

 

 

 

 

 

256.50

257.00

0.50

<300

 

 

 

 

 

 

 

 

 

257.00

257.50

0.50

790

 

 

 

 

 

 

 

 

 

257.50

258.50

1.00

<300

 

 

 

 

 

 

 

 

 

258.50

259.00

0.50

810

 

 

 

 

 

 

 

 

 

259.00

259.50

0.50

430

 

 

 

 

 

 

 

 

 

259.50

260.00

0.50

500

 

 

PLN23-062

090S

587732.4

6410655.3

544.7

54.7

-57.7

240.50

241.00

0.50

730

204.5

359

 

 

 

 

 

 

 

241.00

241.50

0.50

1100

 

 

 

 

 

 

 

 

 

241.50

242.00

0.50

880

 

 

 

 

 

 

 

 

 

242.00

242.50

0.50

440

 

 

 

 

 

 

 

 

 

245.50

246.00

0.50

1300

 

 

 

 

 

 

 

 

 

246.00

246.50

0.50

350

 

 

 

 

 

 

 

 

 

246.50

247.00

0.50

>65535

 

 

 

 

 

 

 

 

 

247.00

247.50

0.50

>65535

 

 

 

 

 

 

 

 

 

247.50

248.00

0.50

1200

 

 

 

 

 

 

 

 

 

248.00

248.50

0.50

650

 

 

 

 

 

 

 

 

 

255.50

256.00

0.50

370

 

 

 

 

 

 

 

 

 

256.00

256.50

0.50

7300

 

 

 

About Patterson Lake North:

The Company's large 39,946-hectare 100% owned Patterson Lake North property (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Fission Uranium's Triple R and NexGen Energy's Arrow high-grade uranium deposits, an area 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 23km 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, P.Geo., Vice President of Exploration 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 16 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@fission3corp.com

ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO


 
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