F3 Uranium Corp (FUU (CVE)(OTCMKTS: FUUFF) is making a powerful run up the charts since heating up last November after the Company made a new uranium discovery at the A1 conductor on its 100%-owned 39,946-hectare Patterson Lake North property (PLN) located just within the south-western edge of the Athabasca Basin in proximity to Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan. Northern Saskatchewan has the largest high-grade uranium deposits in the world.
A large drill program is currently being planned for winter 2023 aiming to expand the new zone. Recently the F3 Uranium reported it registered 57,100 cps over 0.5 m in its widest mineralized interval to date. The record 21 m interval is selected from four additional holes of the ongoing 20-hole winter drill program at the JR Zone, where the Company is currently growing the JR Zone further along strike to the south, guided by previous high-grade findings. F3 Uranium recently engaged Clarkham Capital Ltd. of London U.K. to work on their German Investor Engagement campaign and was just named as one of the top performers on the TSX Venture Exchange for 2023. We will be updating on F3 Uranium when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
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F3 Uranium Corp
During the fall 2022 exploration drill program, F3 Uranium made a new uranium discovery at the A1 conductor on its 100%-owned Patterson Lake North (‘PLN’) property. Discovery hole PLN22-035 intersected extremely radioactive and off-scale (>65,535 CPS) pitchblende mineralization. Uranium assay results from the discovery hole returned one continuous 15.0 m interval averaging 6.97% U3O8 including a high-grade 5.5 m interval averaging 18.6% U3O8, which further includes an ultra-high-grade core which assayed 59.2% U3O8 over 1.0 m. Three follow up holes intersected up to 63,400 cps and expanded the high-grade mineralization both up-dip and 23 m along strike, grid south. A large drill program is currently being planned for winter 2023 aiming to expand the new zone. This new discovery is located 25 km northwest of the Patterson Lake area, host to Fission Uranium’s Triple R and NexGen’s Arrow world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan.
The Company’s large 39,946-hectare 100% owned Patterson Lake North property (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone uranium discovery is located 23km northwest of Fission Uranium’s Triple R deposit.
The Company’s management headed up by Dev Randhawa as CEO & Chairman and Raymond Ashley P.Geo. as Vice President Exploration, is the team that founded Fission Uranium in 2012 and made the Triple R discovery at Patterson Lake. The same team also founded Fission Energy, making the J-Zone discovery at Waterbury Lake in the eastern Athabasca Basin, and built Fission into a TSX Venture 50 Company. In April 2013 Fission Energy sold the majority of its assets to Denison Mines and certain assets were spun out into Fission Uranium.
$FUU ‼️75m × 50m with mineralization OPEN in ALL directions‼️zone thickness increasing‼️#uranium – people: where will it end? pic.twitter.com/bmpc7ooXto
— Annie Bex (@Annie_Bex) February 23, 2023
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Last week the Company reported scintillometer results from four additional holes of the ongoing 20-hole winter drill program at the JR Zone on the Patterson Lake North (“PLN”) Property, including three high grade intercepts. Drill hole PLN23-050 was collared as a step out on line 045S and intersected the widest mineralized interval to date over 21.0m, including 3.19m of composite radioactivity with >10,000 cps and a peak of 57,100 cps at a downhole depth of 255.0m. PLN23-052 stepped out further to line 060S and resulted in 11.0m of mineralization, including 1.70m of continuous radioactivity with >10,000 cps and a peak of 53,600 cps. Infill drillhole PLN23-053 on line 030S intersected radioactivity over a 9.5m interval between 245.5m and 255.0m including 2.10m of composite radioactivity with >10,000 cps and a peak of 48,100 cps.
Raymond Ashley, Vice President Exploration, commented: “The technical team is delighted to announce scintillometer results of step out hole PLN23-050 on line 045S where mineralization was encountered over a 21.0m interval within the A1 main shear zone, including the high grade core. The Company is continuing with disciplined step out drilling and growing the JR Zone further along strike to the south, which has now been defined over a total length of 75 meters to section line 060S where PLS23-052 intersected high grade mineralization with up to 53,600 cps. Although PLS23-051 on section line 00SN tested the MSZ closer to the Athabasca Unconformity and did encounter radioactivity, we anticipate focusing the remaining winter program on basement hosted mineralization. The JR Zone continues to impress with high grade intercepts as we define it along strike while also building some width with infill drill holes.”
F3 also recently engaged Clarkham Capital Ltd. of London U.K. to work on their German Investor Engagement campaign. Clarkham Capital will provide investor relations and consulting services with a focus on the German stock market and the German-speaking investor community. The services include the preparation of articles and coverages on several financial platforms and newsletters. Services will also include the translation and distribution of news releases in Germany.
$FUU drilling news! Widest mineralized interval to date. #uranium https://t.co/8GBxSZF2xj pic.twitter.com/V7Ex5JjEpl
— Anders (@Swedish_uranium) February 21, 2023
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Currently trading at a $102 USD million market valuation F3 Uranium os is 331,902,634 with 278,034,644 in the public float. The Company has an outstanding balance sheet with $29 million in assets, just under $10 million in cash and just $1.3 million in total liabilities. F3 Uranium is one exciting story developing in small caps and it has quickly got the attention of investors in the US, Canada and Internationally and is currently under heavy accumulation. F3 Uranium is currently pennies away from its January highs and looking for a breakout northbound into blue skies. We will be updating on F3 Uranium when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
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Disclosure: we hold no position in F3 Uranium either long or short and we have not been compensated for this article.
