- Fission 3.0 Corp. (FUU) reports that the first significant anomalous radioactive mineralization has been discovered in drill hole ML22-006, at its Murphy Lake Project
- The drill hole is still in progress at 509 m as up to 2 m wide graphite and sulphide rich brittle faults continue to be encountered
- Fission 3.0 intends to follow up these results with drill holes to test up and down dip and to continue to test the E1 conductor along strike
- The Murphy Lake Property has 8 claims, within two claim blocks, totalling 609 hectares
- Fission 3 is a uranium-project generator and exploration company
- Fission 3.0 Corp. opened trading at $0.095
Fission 3.0 Corp. (FUU) has reported that the first significant anomalous radioactive mineralization at its Murphy Lake Project in Canada’s Athabasca Basin.
Drill hole ML22-006 is still in progress at 509 m as up to 2 m wide graphite, and sulphide-rich brittle faults continue to be encountered.
It is the first drill hole of the expanded Murphy Lake summer drill program that commenced on August 2, 2022.
Drill hole ML22-006, which tested the E1 conductor in the prospective north trending structural corridor located in the east part of the property, has intersected a 2.0 m interval of anomalous and variable radioactivity including a 0.5 m interval with a maximum of 2300 cps, 20.9 m below the Athabasca Unconformity.
This occurred on the margin of a 34.5 m wide shear zone in basement rocks with graphite laminations and graphitic faults.
Hole ML22-006 is located 300 m to the north of the 5 holes that were drilled in the first Murphy Lake drill program carried out in July.
“We are greatly encouraged that the first significantly anomalous radioactivity has been encountered at Murphy Lake,” said Dev Randhawa, CEO of Fission 3.
“The initial summer drilling had confirmed the north trending conductor corridor as highly prospective and these new results substantially up-grade the potential of the area, and additional drilling will follow up on this new mineralization and plans to further expand the drill program are underway,” he added.
Fission 3.0 intends to follow up these results with drill holes to test up and down dip and to continue to test the E1 conductor along strike.
Also to be drill-tested are the NE1 and NE2 northeast trending conductors within a 1 km long northeast trending resistivity low located in the north part of the property.
The Murphy Lake Property has 8 claims, within two claim blocks, totalling 609 hectares located within the eastern edge of the Athabasca Basin, Saskatchewan.
Fission 3 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 3.0 Corp. opened trading at $0.095.