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F3 Hits 2.0m of 31.4% U3O8 Within 7.6% Over 12.0m at JR

F3 Uranium Corp (TSXV: FUU, OTCQB: FUUFF) reported significant assay results from its winter 2024 drill program at the JR Zone, including a notable 2.0m interval grading 31.4% U3O8 within a 12.0m interval averaging 7.6% U3O8.

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F3 Uranium Corp (TSXV: FUU, OTCQB: FUUFF) reported significant assay results from its winter 2024 drill program at the JR Zone, including a notable 2.0m interval grading 31.4% U3O8 within a 12.0m interval averaging 7.6% U3O8. The summer drilling program continues around the A1 and B1 shears, showing promising structure and radioactivity. Highlight assays include PLN24-116 with high-grade uranium, and ongoing exploration at B1 showing potential. Noteworthy summer findings include intermittent radioactivity at multiple drill sites, indicating potential uranium mineralization.

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Positive

  • PLN24-116: 2.0m @ 31.4% U3O8 within 12.0m @ 7.6% U3O8.
  • Summer drilling shows excellent structure and radioactivity at A1 and B1 shears.
  • PLN24-152 intersected two radioactive intervals with up to 760 cps.
  • Strong geochemical results at B1 with up to 0.022% U3O8.

Negative

  • Several drill holes showed no mineralization > 0.05% U3O8.
  • High variability in assay results, with some intervals showing weak radioactivity.
  • Large-scale ground surveys still in progress, delaying comprehensive results.
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Kelowna, British Columbia--(Newsfile Corp. - June 12, 2024) - F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUFF) ("F3" or "the Company") is pleased to announce assay results for fifteen drillholes from the winter 2024 drill program, including PLN24-116 which was cored in the JR Zone (see NR January 30, 2024) and which returned 12.0m of 7.6% U3O8, including a high grade 8.0m interval averaging 11.2% U3O8, further including an ultra-high grade core of 2.0m of 31.4% U3O8. The ongoing summer exploration drilling around the southern end of A1 and northern end of B1 continues to yield excellent structure with intermittent anomalous radioactivity, with PLN24-152 intercepting two distinct radioactive intercepts with up to 760 cps.

Exploration is proceeding with two diamond drills, one focused on systematically testing the A1 shear using short holes, infilling along strike in areas with low drillhole density and intercepting intermittent weak radioactivity. The second diamond drill is currently focusing on the area between the southern end of the A1 shear and the B1 shear, an area of structural complexity marked by the cross-cutting Harrison fault, with related A1 shear splays interpreted as fault horses on the footwall side of the Harrison fault. Of particular interest is PLN24-152 (see Photo 1) which intersected two radioactive intervals within graphitic and clay altered shear zones including the main A1 shear.

A large-scale ground gravity survey, including coverage over the A1 and B1 shears is still in progress.

Sam Hartmann, Vice President Exploration, commented:

"We are very pleased with the results of the ongoing exploration program, in particular the area around the southern end of A1 where our geological targeting model is improving. The area between the A1 and B1 shears continues to be rich with the right kind of structures - altered and displaying radioactivity. Our release today includes winter assays up to hole PLN24-131, with an additional fourteen holes still outstanding, including six from B1. Strongly anomalous exploration geochemistry results at B1 with up to 0.022 % U3O8 in PLN24-122 reinforce our belief that the area has the potential to host high grade uranium. This is bolstered by the concurrent release of scintillometer data including PLN24-152, which intersected two radioactive intervals - coupled with very favorable structure and alteration."

Winter 2024 JR Assay Highlight:

PLN24-116 (line 075S):

  • 12.0m @ 7.6% U3O8 (224.0m to 236.0m), including:
  • 8.0m @ 11.2% U3O8 (224.5m to 232.5m), further including
  • 2.0m @ 31.4% U3O8 (227.0 m to 229.0m)

Winter 2024 Exploration Geochemistry Highlights:

PLN24-122 (line 3450S) B1 Exploration:

  • 0.5m @ 178 ppm U, 0.022 % U3O8 (596.5m to 597.0m)

PLN24-131 (line 795S) A1 Exploration:

  • 0.5m @ 100 ppm U, 0.010 % U3O8 (252.5m to 253.0m)

Summer 2024 Handheld Spectrometer Highlights:

PLN24-149 (line 795S) A1 Shear Exploration:

  • 0.5m radioactivity from 196.5m - 197m, with a peak radioactivity of 430 cps

PLN24-152 (line 2850S) A1/B1 Shear Exploration:

  • 1.5m radioactivity from 351.0m - 352.5m, with a peak radioactivity of 460 cps, and
  • 0.5m radioactivity from 436.0m - 436.5m, with a peak radioactivity of 340 cps, and
  • 0.5m radioactivity from 440.5m - 441.0m, with a peak radioactivity of 760 cps

PLN24-157 (line 2745S) A1/B1 Shear Exploration:

  • 0.5m radioactivity from 460.0m - 460.5m, with a peak radioactivity of 380 cps, and
  • 1.0m radioactivity from 558.5m - 559.5m, with a peak radioactivity of 730 cps

PLN24-158 (line 2040S) A1 Exploration:

  • 0.5m radioactivity from 179.5m - 180.0m, with a peak radioactivity of 530 cps

PLN24-160 (line 2430S) A1 Exploration

  • 0.5m radioactivity from 172.5 - 173.0m, with a peak radioactivity of 430 cps

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8110/212640_da6f9bbb8421195f_002.jpg

Photo 1. PLN24-152 Mineralized Intervals

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/212640_da6f9bbb8421195f_002full.jpg

Table 1. Drill Hole Summary and Uranium Assay Results

Collar InformationAssay Results
Hole IDGrid LineEastingNorthingElevationAzDipFrom (m)To (m)Interval (m)U3O8 weight %
PLN24-116075S587757.96410697.1546.0-65.554.3224.00227.003.003.49







227.00229.002.0031.4






incl228.00228.500.5047.8







229.00232.503.504.72






incl231.00231.500.5010.4







232.50236.003.500.24







272.00272.500.502.33
PLN24-117000587655.76410710.8544.7-54.454.1262.50267.505.000.09
PLN24-1183240S589686.96408181.3534.7-70.754.0B1 Exploration; no mineralization >0.05
PLN24-119045S587688.16410678.8545.3-62.154.2256.50259.002.500.05







265.50266.000.500.18







268.50269.000.500.12
PLN24-120150S587778.36410614.7545.6-59.853.9no mineralization >0.05
PLN24-121090N587651.16410818.9545.4-60.252.4no mineralization >0.05
PLN24-1223450S589879.76408062.4538.4-66.055.2B1 Exploration; no mineralization >0.05
PLN24-123015N587736.66410788.7545.6-65.554.9no mineralization >0.05
PLN24-124240S587846.96410598.5546.0-66.778.6A1 Exploration; no mineralization >0.05
PLN24-125090N587634.36410806.6545.2-60.251.9no mineralization >0.05
PLN24-1263555S589878.46407928.7532.2-61.355.2B1 Exploration; no mineralization >0.05
PLN24-127045S587794.46410756.0545.7-60.554.8no mineralization >0.05
PLN24-128030S587749.66410742.4545.7-60.453.5216.50217.501.000.15
PLN24-129015S587747.06410758.9545.7-61.554.2215.00220.005.000.70
PLN24-1301005S589527.16410832.3539.1-65.055.1 Exploration; no mineralization >0.05
PLN24-131795S588288.16410188.1532.5-65.155.0A1 Exploration; no mineralization >0.05

 

Assay composite parameters:
1: Minimum Thickness of 0.5 m
2: Assay Grade Cut-Off: 0.05% U3O8 (weight %)
3. Maximum Internal Dilution: 2.0 m

Table 2. Drill Hole Summary and Handheld Spectrometer Results

Collar Information* Hand-held Spectrometer Results On Mineralized Drillcore (>300 cps / >0.5m minimum)Athabasca Unconformity Depth (m)Total Drillhole Depth (m)
Hole IDSection LineEastingNorthingElevationAzDipFrom (m)To (m)Interval (m)Max CPS
PLN24-1462850S589424.56408454.7533.3-78.350.7B1 MSZ Exploration; no radioactivity >300 cps167.8, 274.4, 314.0737
PLN24-1472370S589105.96408835.4543.7-70.456.9A1 MSZ Exploration; no radioactivity >300 cpsn.a.293
PLN24-1482280S589072.16408921.7543.9-73.955.5A1 MSZ Exploration; no radioactivity >300 cpsn.a.296
PLN24-149795S588316.16410208.7530.8-58.953.9196.50197.000.50430n.a.296
PLN24-1501125S588460.16409904.8533.3-70.358.1A1 MSZ Exploration; no radioactivity >300 cpsn.a.275
PLN24-1511530S588676.06409561.0544.5-70.454.1A1 MSZ Exploration; no radioactivity >300 cpsn.a.305
PLN24-1522850S589259.26408356.8537.2-67.853.1351.00351.500.50460179.9626







351.50352.000.50<300








352.00352.500.50420








436.00436.500.50340








440.50441.000.50760

PLN24-153555S588064.46410322.0534.6-72.055.6A1 MSZ Exploration; no radioactivity >300 cps125.0293
PLN24-1542100S587534.1