Business
F3 Begins First Hole of Step Out Drilling at PLN
Kelowna, British Columbia--(Newsfile Corp. - June 12, 2023) - F3 Uranium Corp. (TSXV: FUU) (OT...
About this update from F3 Uranium Corp
[{"type":"text","content":"F3 Begins First Hole of Step Out Drilling at PLNKelowna, British Columbia--(Newsfile Corp. - June 12, 2023) - F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (\"F3\" or \"the Company\") is pleased to announce that the summer drilling program at its 100%-owned Patterson Lake North (\"PLN\") project has begun. The extensive summer program will expand on the successful winter program with one drill continuing JR Zone step-out drilling and a second drill exploring for new zones of mineralization. F3 will also conduct an airborne electromagnetic geophysical survey over the majority of property to develop new exploration drill targets.Raymond Ashley, President, commented:\"We are very glad that the summer program is underway. The technical team is not only eager to continue to establish the size potential of the JR zone, the newest high grade uranium discovery in the Athabasca Basin, but also excited that the scope of the summer program includes exploration drilling for new zones of uranium mineralization as well as property-wide geophysical exploration to develop new exploration drill targets.\" The winter program defined the JR Zone to a current strike length of 105m and established strong continuity of high grade uranium mineralization towards the south where drill hole PLN23-060, collared 60m away from the discovery hole, intersected high grade mineralization over significant widths in basement rocks (see Press Release Dec 21, 2022), with a 14.5m interval averaging 9.4% U3O8 (from 238.5m to 253.0m) including an ultra-high grade 5.0m interval averaging 26.7% U3O8 (see Press Release April 17, 2023). The two holes drilled furthest to the south of the discovery hole, 75m and 90m respectively, intersected the ultra-high-grade core with individual samples returned in excess of 20.0% U3O8. The primary objective of the summer program will be to further extend the mineralized strike length of the JR Zone through step-out drilling, particularly to the south, as well as to expand the JR Zone towards the Athabasca Unconformity. Exploration holes will also be drilled to test for unconformity or sandstone hosted mineralization, and to explore for new zones of mineralization along the A1 Main Shear Zone, the structure which hosts the JR Zone and which extends ~4km to the southeast, targeting areas of anomalous geochemistry from the previous drilling...