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Be the first with the news that moves the market- F3 Uranium (FUU) released results from the first 8 drill holes of winter drill program at the JR Zone at its Patterson Lake North project
- The program unearthed continuity of high-grade mineralization that had been established along strike towards the south with hole PLN23-048 on line 030S, which hit 14.0 metres total composite mineralization with 4.0 metres of more than 40,000 cps
- Out of the 8 reported drill holes in the 20-hole program, 7 are mineralized and 5 have high grade mineralization with radioactivity greater than 10,000 cps
- F3 Uranium Corp. (FUU) was up 11.48 per cent, trading at C$0.34 at11:45 am ET
F3 Uranium (FUU) released results from the first 8 drill holes of winter drill program at the JR Zone at its Patterson Lake North project.
The program unearthed continuity of high grade mineralization that had been established along strike towards the south with hole PLN23-048 on line 030S, which hit 14.0 metres total composite mineralization with 4.0 metres of more than 40,000 cps, including half a metre of more than 65,535 cps, a 30 metre stepout from the discovery hole.
Out of the 8 reported drill holes in the 20-hole program, 7 are mineralized and 5 have high grade mineralization with radioactivity greater than 10,000 cps.
Mineralization remains open in all directions and was further defined on section 00N up dip and towards the Athabasca Unconformity of hole PLN22-041 with hole PLN23-047.
Further highlights:
PLN23-044 (line 015S):
- 6.0 metres total composite mineralization over a 10 metre section from 226 metres to 236 metres, including
- 0.5 metre mineralization of more than 10,000 cps radioactivity
PLN23-046 (line 015S):
- 3.5 metres mineralization from 261.5 metres to 265 metres, including
- 0.77 of a metre mineralization of more than 10,000 cps radioactivity
PLN23-047 (line 00N):
- 7.5 metres total composite mineralization over a 10.5 metre section from 199 metres to 209.5 metres, including
- 1.1 metre total composite mineralization of more than 10,000 cps radioactivity
PLN23-049 (line 015N):
- 7.5 metres mineralization from 245 metres to 252.5 metres, including
- 0.2 of a metre mineralization of more than10,000 cps radioactivity
“The drill program started by testing the depth extent of the zone, while also testing it along strike from the discovery area on line 00N,” commented Raymond Ashley, Vice President of Exploration, on these results.
“Additionally, we are continuing to drill test further towards the unconformity, with the objective to test the intersection of the A1 main shear zone at the unconformity,” he added.
The company’s 399 sq. km. 100-per-cent-owned Patterson Lake North property is located 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 deposit.
F3 Uranium (FUU) is a project generator, and exploration company focused on 16 projects in Saskatchewan’s Athabasca Basin.
F3 Uranium Corp. (FUU) was up 11.48 per cent, trading at C$0.34 per share at 11:45 am ET.
