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Fission 3.0 and Traction Drilling Intersects Additional Anomalous Radioactivity at Lazy Edward Bay
Kelowna, British Columbia--(Newsfile Corp. - June 14, 2022) - Fission 3.0 Corp. (TSXV: FUU)...
About this update from F3 Uranium Corp
[{"type":"text","content":"Fission 3.0 and Traction Drilling Intersects Additional Anomalous Radioactivity at Lazy Edward BayKelowna, British Columbia--(Newsfile Corp. - June 14, 2022) - Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF) (\"Fission 3\") and Traction Uranium Corp. (\"Traction\") are pleased to provide an update of the drilling at the Lazy Edward Bay project in the SE Athabasca Basin region which commenced on May 17, 2022. Drilling on the Horse West conductor has encountered anomalous radioactivity in drill hole LEB22-007 in proximity to an 11.7m-wide basement fault with intense clay and chlorite alteration ~10m further down hole. Drilling is currently targeting this significant structure up dip at the unconformity.Drilling continues to encounter favourable structure, alteration and anomalous radioactivity in the vicinity of historic hole LE-73 on the West Horse conductor following the May 31, 2022 announcement of hole LEB22-004 having encountered anomalous radioactivity near the sandstone-basement unconformity at 164.6 m associated with a reverse fault. Elevated levels of radiation is a possible indicator of uranium mineralization which will be confirmed when the assays are received.Hole LEB22-008 is in progress to test an 11.7m-wide extremely clay and chlorite altered basement structure along with proximal anomalous radioactivity intersected in hole LEB22-007 up-dip where it intersects the unconformity which is the 6th hole in the immediate vicinity of historic hole LE-73 along the western Horse Conductor. Hole LEB-007 targeted the same structure ~50m along strike to the north. It encountered elevated radioactivity in the lower sandstone of 380cps on the handheld spectrometer at 169.75m, corresponding on the downhole gamma probe with increased radioactivity >500 cps from 168.5 m to 169.5 m with a maximum of 1177 counts as well as from 171 m to 171.5 m with a maximum of 1063 cps. The unconformity was intersected at 173m and the large fault zone was intersected from 178.4 m and continued to 190.1m. Additional drill targets have been defined along the Western Horse Corridor from a re-interpretation of an airborne VTEM survey and which will be added to the program. The original target for the current drill program of 8 holes for 2000m has been increased to ~10 holes for 3000m because the team has been able to implement cost saving measures.The o...