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F3 Hits 16.1% U3O8 over 3.0m within 4.6% over 12.5m in 75m Step-out from A1 Discovery
Summer Drilling to Commence Early June Kelowna, British Columbia--(Newsfile Corp. - May 15, 2023...
About this update from F3 Uranium Corp
[{"type":"text","content":"F3 Hits 16.1% U3O8 over 3.0m within 4.6% over 12.5m in 75m Step-out from A1 DiscoverySummer Drilling to Commence Early JuneKelowna, British Columbia--(Newsfile Corp. - May 15, 2023) - F3 Uranium Corp (TSV: FUU) (OTCQB: FUUFF) (\"F3\" or \"the Company\") is pleased to announce final results from the 9 remaining drill holes of the 21 hole Winter 2023 program, including drill hole PLN23-061, drilled at the JR Zone on the Patterson Lake North (PLN) property. The analysis for PLN23-061, cored 75m grid south from the discovery hole, returned one continuous 12.5m interval averaging 4.6% U3O8, including a high-grade 5.0m interval averaging 10.9% U3O8, which further includes a 3.0m interval which assayed 16.1% U3O8.Planning is in progress for a $12M summer exploration program, scheduled to commence early June, to continue JR Zone expansion, in addition to exploration along the A1 Main Shear Zone where previous drilling in 2014 and 2019 intersected the same structure as what is interpreted to be hosting the JR Zone. The work permits for the program have been received from the Saskatchewan Ministry of Environment. Final assay results from 7 mineralized drill holes are disclosed below in Table 1, including drill holes PLN23-053 through PLN23-059, and drill holes PLN23-061 and PLN23-062.Raymond Ashley, President, commented:\"This final release of assays from the Winter 2023 program at PLN confirms the previously reported scintillometer results that drill holes PLN23-061 and PLN23-062 that were cored furthest to the south from the discovery hole, 75m and 90m respectively, intersected the ultra-high-grade core with individual samples returning in excess of 20.0% U3O8. The JR Zone has now been defined over a total strike length of 105 meters and the upcoming summer program will aim to extend the zone in particular to the south, where assays from drill holes PLN23-060, 061 and 062 have shown that mineralization continues along strike, and up-dip towards the Athabasca Unconformity. Drilling Highlights:PLN23-061 (line 075S): mineralized intervals:12.5m @ 4.6% U3O8 (246.5m to 259.0m), including:5.0m @ 10.9% U3O8 (250.0m to 255.0m), further including3.0m @ 16.1% U3O8 (251.0m to 254.0m)Main Intercepts:PLN23-053 (line 030S): mineralized intervals:9.0m @ 1.9% U3O8 (245.5m to 254.5m), including2.5m @ 6.4% U3O8 (251.0m to 253.5m), further including1.0m @...