Fission 3.0
Hits Off-Scale Radioactivity in New Discovery on PLN A1
Conductor
Kelowna, British Columbia -- November 21, 2022
-- FISSION 3.0 CORP (TSXV: FUU) ("Fission 3" or "the Company") is pleased to
announce that it has intersected extremely radioactive and
off-scale (>65,000
cps) mineralization in a new uranium discovery occurring
as massive pitchblende, pitchblende buttons and veins at the start
of its fall drill program on its 100% owned Patterson Lake North
"PLN" project in the southwest Athabasca Basin region of
Saskatchewan, Canada.
Two diamond drills
commenced on the previously undrilled 800 m northwest strike
extension of the ~3 km long A1 conductor. A new uranium discovery
has been made in the second drill hole of the fall program.
PLN22-035 is a 730 m
step-out from a weakly mineralized drillhole, PLN14-019, drilled in
2014. PLN22-035 targeted the ground Time Domain Electromagnetic
(TDEM) A1 conductor. Drill hole PLN22-034, the first hole of
the fall drill program, intersected the A1 structure but no
mineralization (>300cps) was noted.
Drilling Highlights:
PLN22-035 (line 00N)
-
15.0
m total
composite mineralization >300 cps over a 15.5 m interval
(between 257.0 m to 272.5 m), including
-
5.62
m of total composite
mineralization >10,000
cps over a 6.3 m interval
(between 259.0 m and 265.3 m including
-
1.5
m of total off scale
radioactivity (>65,000
cps) over a 2.0 m
interval (between 262.0 m and 264.0 m)
-
the hole
is still in progress
Raymond Ashley,
Vice President Exploration, commented
"We are very
excited about this new high-grade uranium discovery at the start of
our fall drilling program on the A1 conductor. The drilling program
is being immediately amended to further delineate this new
off-scale uranium mineralization within a significant 15.0 m wide
mineralized altered structural damage zone. I am very grateful to
work with this dedicated and extremely capable exploration team,
and very proud of this new discovery that we have all made."
Table 1: Drill Hole
Summary
Drill collar
locations in UTM NAD 83 coordinates
The Companies
innovative use of a sonic drill facilitates penetration through
relatively deep and difficult overburden to set drill casing at
shallow angles. Consequently, the shallow inclined holes that
intersect the steeply dipping lithologies provide reported
intervals that are closer to true thickness.
Figure
1
Figure
2
Natural gamma
radiation in the drill core that is reported in this news release
was measured in counts per second (cps) using a handheld Radiation
Solutions RS-125 scintillometer. The Company considers greater than
300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and greater than
65,000 cps as off-scale. The reader is cautioned that
scintillometer readings are not directly or uniformly related to
uranium grades of the rock sample measured and should be used only
as a preliminary indication of the presence of radioactive
materials. All depth measurements reported are down-hole and true
thickness are yet to be determined. Samples from the drill core are
split in half on site and are standardized at 0.5 m lengths. One
half of the split sample will be submitted to SRC Geoanalytical
Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in
Saskatoon, SK. for lithogeochemical analysis using their "Uranium
Package".
About Patterson Lake North:
The Company's large
39,946 hectare 100% owned Patterson Lake North property (PLN) lies
adjacent and immediately north of the Patterson Lake South property
(PLS), owned by Fission Uranium Corp., where Fission Uranium
expects to complete a Feasibility Study on its Triple R deposit.
PLN is accessed by Provincial Highway 955, which transects the
property.
Qualified Person
The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements set out in
National Instrument 43-101 and approved on behalf of the company by
Raymond Ashley, P.Geo., Vice President, Exploration of Fission 3.0
Corp., a Qualified Person. Mr. Ashley has verified the data
disclosed.
About Fission 3.0
Corp.
Fission 3 is a
uranium project generator and exploration company, focusing on
projects in the Athabasca Basin, home to some of the world's
largest high grade uranium discoveries. Fission 3 currently has 16
projects in the Athabasca Basin. Several of Fission 3's projects
are near large uranium discoveries, including, Arrow, Triple R and
Hurricane deposits.
https://twitter.com/Fission3Corp
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Fission 3.0 Corp. Contact
Information
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Telephone: 778 484 8030
Email: ir@fission3corp.com
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
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