- F3 Uranium (TSXV:FUU), a top-performing Canadian uranium stock, has intersected anomalous radioactivity on its Patterson Lake North property in Saskatchewan
- Highlight PLN23-095, located 2.6 kilometres south of the JR Zone, tested the A1B Shear Zone and intersected anomalous radioactivity
- F3 Uranium is a uranium exploration company focused on 18 projects in the Athabasca Basin
- The Canadian uranium stock (TSXV:FUU) is up by 262.50 per cent over the past year, well ahead of the iShares S&P/TSX Capped Materials Index ETF’s return of 7.23 per cent over the period
F3 Uranium (TSXV:FUU), a top-performing Canadian uranium stock, has intersected anomalous radioactivity on its Patterson Lake North property in Saskatchewan.
The results include 13 drill holes from the ongoing summer drill program on Patterson Lake North.
Highlight PLN23-095, located 2.6 kilometres south of the JR Zone, tested the A1B Shear Zone and intersected anomalous radioactivity.
PLN23-093, located 840 metres further south along strike, intersected “intense alteration and dissolution in the sandstone and strongly deformed and clay-altered basement rocks,” according to a statement released Thursday.
PLN23-090 on line 120S extended off-scale mineralization by 25 m towards the south from PLN23-062, yielding a 14 m interval including 1.65 m of high grade (>10,000 cps), of which 0.50 m was off-scale radioactivity (>65,535 cps) between 240 m and 240.50 m.
PLN23-097 on line 045S yielded an 11 m mineralized interval, including 2.69 m of high grade (>10,000 cps), of which 0.25 m was off-scale radioactivity (>65,535 cps) between 219.75 m and 220 m.
After a successful C$20 million private placement and encouraging drilling results, F3 will extend its summer drill program into late fall, which will consist of up to 54 drill holes over 20,000 m.
“As the summer drilling program transitions into an expanded fall program, we are starting to focus on exploration drilling with the goal of characterizing areas for more detailed follow-up drilling during 2024,” Raymond Ashley, president of F3 Uranium, said in the statement. “The A1B EM conductor was first confirmed to correspond to a major shear zone with PLN23-078; PLN23-095 was drilled as a follow-up, testing both the A1 and A1B shear zones on section. This resulted in the intersection of several additional shears ranging in thickness from 5 to 10 m, both between the A1 and A1B main shear zones, as well as beyond the main A1B shear where PLN23-095 intersected anomalous radioactivity at depth within the approximately 400 m wide structural corridor. Drilling at the JR Zone continues as well, with some drill holes exploring the peripheral regions to the high-grade mineralization, as well as expanding the high-grade domains on lines 045S and 120S.”
“PLN23-093 targeted the A1B main shear near the projected Athabasca Unconformity; due to significantly more sandstone than expected, the structure was overshot by approximately 100 m. The intense sandstone alteration and dissolution was coupled with drill core loss encountered over a 140 m interval, in line with the projection of the A1B shear, followed by strongly deformed and clay-altered basement rocks. These are features associated with JR Zone mineralization on the A1 main shear zone that, coupled with the radioactivity intersected in PLN23-095, reinforce the potential for A1B to host uranium mineralization,” he added.
Click here for full drilling summary and handheld spectrometer results.
F3 Uranium is a uranium exploration company focused on 18 projects in the Athabasca Basin.
The Canadian uranium stock (TSXV:FUU) last traded at $0.435 per share. The stock is up by 262.50 per cent over the past year, well ahead of the iShares S&P/TSX Capped Materials Index ETF’s return of 7.23 per cent over the period.
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