Fission 3.0 Corp (TSV: FUU) (OTCQB: FISOF) (“Fission 3” or “the Company“) is pleased to announce that mobilization for winter drilling has begun at its 100% owned Patterson Lake North (PLN) project. The company plans to expand on the highly successful drill results from November 2022 with a 20-hole program of step-out drilling.
Assays from November 2022 confirmed shallow depth, wide, and continuous mineralization in basement rock with 15.0 m @ 6.97% U3O8, including a high-grade 5.5 m interval averaging 18.6% U3O8 (PLN22-035). The new drill holes will test for the continuation of mineralization along strike and up and down dip, where four holes drilled in the fall of 2022 outlined a significant zone of high-grade uranium that remains open in all directions.
The plan includes additional holes on section lines 00N and 15S to establish the extent of mineralization that has already been intersected on those 2 lines before stepping out along strike. Holes will also test up-dip for unconformity and sandstone-hosted mineralization. Assay results from the remaining drill holes of the fall 2022 program will be released as they become available and finalized.
About Patterson Lake North
The company’s large 39,946-hectare 100% owned Patterson Lake North property (PLN) is located within the southwestern edge of the Athabasca Basin near Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade uranium deposits, which is set 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 23 km northwest of Fission Uranium’s Triple R deposit.
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 discoveries. Fission currently has 16 projects in the Athabasca Basin, several of which are near large uranium discoveries, including Triple R, Arrow, and Hurricane. 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 of Exploration of Fission 3.0 Corp., a Qualified Person. Mr. Ashley has verified the data disclosed.