In This Article:
Kelowna, British Columbia--(Newsfile Corp. - October 25, 2023) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") is pleased to clarify that ongoing drilling with one diamond drill at the JR Zone which has been defined over a strike length of 156m 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 4.9km, 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% 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 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 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., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has verified the data disclosed.