Impact: Positive
F3 reported assay results from holes PLN24-176 on line 035S of the JR zone of its PLN project in the Athabasca Baisn, after previously reporting off-scale scintillometer results of >10,000 cps over 4.35m (read notable). The highlight result was an intercept of 30.9% U3O8 over 7.5m including 50.1% over 4.5m. Mineralization occurs within 190m of surface, ~ 14m up dip of prior hole -137 (read notable) that returned 3.2% over 15m including 18.6% U3O8 over 2.5m on L45S. Assays are pending from another hole drilled on the same fence. Holes -137 and -176 on L35S now average 14.43% U3O8 over 9m, which compares very well to the sections on either side – including a composite average of 3.94% U3O8 over 9.78m on L45S, and 2.82% U3O8 over 11.33m on L30S. Plus, it extends mineralisation a further 15m up-dip, opening up the possibility of identifying further high-grade mineralization in this up-dip direction within the heart of the zone. This improving infill section has helped add ~2M lbs U3O8 to our mineral inventory which now approaches the upper end of our estimate of our 15-20M lb range for the JR Zone
