![]() Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". ![]() TF: Statement: Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. ![]() 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 reviewed on behalf of the company by Raymond Ashley, P.Geo., Vice President, Exploration of Fission 3.0 Corp., a qualified person. Fission 3.0 has recently completed an $8 million financing with Red Cloud Securities Inc. Several of Fission 3.0's projects are near large uranium discoveries, including Arrow, Triple R and Hurricane deposits. Fission 3.0 currently has 16 projects in the Athabasca Basin. 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. Drill hole PLN 14-019 intercepted a 7.5 m interval (191.5 m - 199.0 m) of anomalous radioactivity with peak measurements up to 1450 cps (as measured by handheld spectrometer) over 0.5 m within a strongly clay altered and brecciated graphitic gneiss which assayed 0.5 m of 0.47% U 3O 8 within 6.0 m of 0.12% U 3O 8.įission 3.0 Corp. Previous drilling at PLN by Fission 3 in 2014 identified a mineralized structure associated with the ~3 km long A1 conductor with strongly anomalous geochemistry, including uranium values, in addition to common pathfinder elements including boron, copper, nickel and zinc. where uranium mineralization has been traced by core drilling at PLS over ~3.18 km of east-west strike length in five separated mineralized "zones" which collectively make up the Triple R deposit, and where a Feasibility Study has commenced. The Patterson Lake North property (PLN) lies adjacent and immediately north of the Patterson Lake South property (PLS), owned by Fission Uranium Corp. Deep drilling is planned to test these basement conductors. The N Conductors are interpreted as multiple parallel basement EM conductors with an overlying low resistivity zone referred to as the "Chimney" target in the lower part of the sandstone. The Broach Lake conductors are ~9 km to the north, adjacent and parallel to EM conductors of the Patterson Lake Structural Corridor, host to Fission Uranium's Triple R deposit and NexGen's Arrow Deposit. The work consists of 22 line-km of DC Resistivity and four line-km of Time Domain electromagnetic (TDEM) surveying.įission 3.0 has received proceeds of $690,500 from warrants recently exercised. Ground Geophysics has commenced at Broach Lake to refine the targets for the upcoming drilling in the new year. Drilling in winter 2022 with two diamond drill rigs will focus on the prospective and previously untested Broach Lake and N Conductor Targets.Previous drill programs at PLN have identified basement hosted uranium mineralization supported by the presence of alteration, pathfinder structural disturbance supporting large-scale potential of the area. Located in the same area as where Fission Uranium Corp and NexGen Energy are advancing their world-class, large, high-grade uranium deposits PLN is amongst the highest ranked projects in Fission 3's extensive portfolio. In addition ground geophysical surveys consisting of DC Resistivity and Time Domain electromagnetic surveys, designed to refine drill targeting, have commenced at the Broach Lake area. December 22, 2021) - FISSION 3.0 CORP (TSXV: FUU) (OTCQB: FISOF) (" Fission 3" or "the Company") is pleased to announce that on-site lake-ice preparation is underway to support a 4000-meter drill program on its 100% owned flagship Patterson Lake North "PLN" project in Canada. Kelowna, British Columbia-(Newsfile Corp.
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