F3 Uranium shares were soaring on Tuesday after the uranium project generator and exploration company announced their widest ever mineralisation at the JR Zone at the Patterson Lake North (PLN).
The PLN project in the uranium-rich Athabasca Basin region is under going a 20-hole winter drill programme and today’s results are resulst from the latest four holes.
Drill hole PLN23-050 encountered 21.0m interval, including 3.19m of composite radioactivity with >10,000 cps and a peak of 57,100 cps.
F3 Uranium shares soared 16% on the news.
“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,” said Raymond Ashley, Vice President Exploration.
“We are 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.”