F3 Uranium’s drill campaign at the Patterson Lake North (PLN) project has produced further promising mineralisation encounters that build on bumper uranium grades discovered in December.
Having confirmed the discovery of uranium with grades up to 59.2% U3O8 in December, F3 have drilled 8 of 20 holes planned for their winter drill programme to further map deposits at PLN’s JR Zone.
Today’s announcement further confirms the prospectiveness of the PLN project and F3 Uranium shares jumped 10% to C$0.34 on Wednesday.
There was a standout hole, PLN23-048, which yielded 14m total composite mineralisation from 246.5m – 260.5m with high levels of radioactivity.
“The drill program started by testing the depth extent of the zone, while also testing it along strike from the discovery area on line 00N,” said Raymond Ashley, Vice President Exploration at F3 Uranium.
“The team is becoming familiar with the geology and controls on mineralization on the JR Zone which is currently defined over an area measuring approximately 45m by 50m and have identified strong continuity of high grade mineralization along strike towards the south as the program continues to explore that direction to increase the total mineralized strike length. Additionally, we are continuing to drill test further towards the unconformity, with the objective to test the intersection of the A1 main shear zone at the unconformity.”