Fission 3.0
Hits 59.2% U308 over 1.om within 6.97% U308 over 15.0m at the PLN
A1 Discovery
Kelowna, British Columbia— December 22,
2022 -- InvestorsHub NewsWire -- Fission 3.0 Corp
(TSV:FUU)
(OTCQB:FISOF)("Fission
3" or
"the
Company") is pleased to
announce it has received uranium assay results from the discovery
hole PLN22-035 at Patterson Lake North ("PLN") where off-scale radioactivity was
previously reported (see Press Release Nov 21, 2022). The rushed
analysis 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% over 1.0
m. PLN22-035 was the
first of three mineralized holes completed on line 00N, in addition
to a fourth mineralized hole on line 015S.
Assay results from the remaining drill
holes of the fall 2022 program will be released early 2023 as they
become available and finalized.
Raymond Ashley, Vice President Exploration,
commented
"These initial
high-grade assays from the discovery hole PLN22-035 confirm
impressive uranium mineralization at the A1 Zone we discovered
during our recently completed fall drill program. We are excited to
build on these results as we plan for our fully funded upcoming 20
hole drill program."
Drilling Highlights of
Discovery Hole:
PLN22-035
(line 00N): mineralized
intervals
-
15.0 m @
6.97% U3O8
(257.5 m to
272.5 m), including:
-
5.5 m @
18.6% U3O8
(260.0 m to
265.5 m), further including:
-
1.0 m @
59.2% U3O8
(263.0 m to
264.0 m)
Table 1: Assay
Results
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
Composited weight % U3O8 mineralized
intervals are summarized in Tables 1. Samples from the drill core are split in
half sections on site. Where possible, samples are standardized at
0.5m down-hole intervals. One-half of the split sample is sent to
SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005
Accredited Facility) in Saskatoon, SK while the other half remains
on site for reference. Analysis includes a 63 element suite
including boron by ICP-OES, uranium by ICP-MS and gold analysis by
ICP-OES and/or AAS. All depth measurements reported are down-hole
and true thickness are yet to be determined but the Company
estimates true thickness of the reported intervals in this news
release to be close to reported intervals width.
About Patterson Lake
North:
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 A1 uranium discovery is located
23km northwest of Fission Uranium's Triple R deposit.
Qualified
Person:
The technical information in this news
release has been prepare 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 of
Exploration of Fission 3.0 Corp., a Qualified Person. Mr. Ashley
has verified the data disclosed.
About Fission 3.0
Corp.:
Fission 3.0 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
discovery. Fission currently has 16 projects in the Athabasca
Basin. Several of Fission 3's projects are near large uranium
discoveries, including Triple R, Arrow and Hurricane.
Forward
Looking Statements
This news release contains
certain forward-looking statements within the meaning of applicable
securities laws. All statements that are not historical facts,
including without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives,
assumptions, expectations or beliefs of future performance,
including statements regarding the suitability of the Properties
for mining exploration, future payments, issuance of shares and
work commitment funds, entry into of a definitive option agreement
respecting the Properties, are "forward-looking statements." These
forward-looking statements reflect the expectations or beliefs of
management of the Company based on information currently available
to it. Forward-looking statements are subject to a number of risks
and uncertainties, including those detailed from time to time in
filings made by the Company with securities regulatory authorities,
which may cause actual outcomes to differ materially from those
discussed in the forward-looking statements. These factors should
be considered carefully and readers are cautioned not to place
undue reliance on such forward-looking statements. The
forward-looking statements and information contained in this news
release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have
not reviewed, approved or disapproved the contents of this press
release, and do not accept responsibility for the adequacy or
accuracy of this release.
Fission 3.0
Corp. Contact Information
Investor Relations
Telephone: 778 484
8030
Email:
ir@fission3corp.com
ON
BEHALF OF THE BOARD
"Dev
Randhawa"
Dev
Randhawa, CEO