Categories: Mining Stocks
Topics: Uranium Stocks

Investors Need to Be Following What THIS Small-Cap Uranium Firm is Doing in Canada’s Hotbed of U3O8 Production

F3 Uranium Corp. (TSX-V: FUU)(OTC: FISOF) — currently trading around C$0.40 per share in a rising uranium environment — has announced additional off-scale scintillometer results, including multiple high-grade U3O8 intercepts, at its flagship PLN project in the southwestern portion of Canada’s prolific Athabasca Basin.

In late 2022, F3 Uranium, which boasts a robust portfolio of 18 projects in the region, made the near-surface, high-grade JR Zone discovery at the flagship PLN project — making F3 the only junior to have confirmed a recent high-grade discovery in the basin. 

The basin’s southwestern zone, which lays host to F3’s PLN project, is poised to become the next uranium producer and is also home to a number of large uranium deposits including Fission Uranium’s Triple R and NexGen Energy’s Arrow world-class uranium deposits.

The most recent batch of F3 assays are from the last 11 drill holes of the company’s fall drill program at PLN. Highlights include:

• Drill hole PLN23-110: 11.5 meter mineralized interval from 216 meters to 228 meters, including
  • 3.0m of mineralization from 216m to 219m, and
  • 4.0m of mineralization from 224m to 228m, including
  • 1.50m continuous off-scale radioactivity (> 65,535 cps) between 226m and 227m
• Drill hole PLN23-112: 11.5m mineralized interval from 229m to 240m, including
  • 1.35m composite off-scale radioactivity (> 65,535 cps) between 231m and 240m

F3 Uranium VP Exploration Sam Hartmann commented on the results via press release:

“As we break for the holiday season, we would like to thank our staff and contractors for their hard work and dedication over the past six months. Preparation and planning for the winter 2024 program is already underway, and we look forward to receiving exploration geochemistry results from the B1 area, as well as ground resistivity interpretations from the A1 and B1 areas which will drive exploration efforts aimed at discovering additional mineralized zones. Recent JR Zone drilling focused on defining the boundaries of mineralization, but continued to yield high grade intercepts which will be followed up. Phase 1 of the DIAS 3D-DCIP ground resistivity survey is still in progress, and currently working over the B1 area. Recent drill hole intercepts at B1, including sandstone dissolution and silicification, as seen in PLN23-111 [see drill core image below], as well as basement hosted conductive structures related to the B1 shear, will be used to create constrained 2D and 3D inversions to assist in our winter drill targeting.”

A total of 53 drill holes totaling 19,800 meters have been completed at the PLN project since June 2023, and the company has delineated 5 additional targets for its winter 2024 drill campaign slated to commence in January 2024. 

The F3 Uranium team is also conducting an airborne EM survey and data analysis at PLN with a focus on the JR Zone, and, more specifically, the A1B shear zone, as a means of enhancing future drill targeting at PLN. 

With uranium surging to 15-year highs above US$80 per pound, our own Gerardo Del Real of Junior Resource Monthly caught up with F3 Uranium president Ray Ashley to discuss the company’s emerging PLN discovery, which is being characterized as one of the most exciting high-grade uranium discovery resources being drilled anywhere. And the fact that it’s being drilled in the tier-one jurisdiction of Saskatchewan, Canada, only adds to the excitement. Please enjoy! 

For more on F3 Uranium Corp., be sure to contact the company’s IR department at 778-484-8030 or via email at ir@f3uranium.com.

Visit the F3 Uranium corporate website and sign up to receive updates directly from the company here. 

Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

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