Fission 3.0 to Spend $7.9M on 5 Athabasca Basin Properties

0
28

Kelowna, British Columbia–(Newsfile Corp. – May 3, 2022) – FISSION 3.0 CORP (TSXV: FUU) (OTCQB: FISOF) (“Fission 3” or “the Company”) is pleased to announce its drilling and geophysics programs for this summer. The Company will be using 2 rigs to drill a total of 27 holes, totaling 10,200m with a total spending of $7.9M on 5 different properties, including the PLN property which is one of the largest in its portfolio of Athabasca Basin projects. PLN is one of the most advanced and highest ranked projects in F3’s extensive portfolio by virtue of its proximity to the large, high-grade world class uranium deposits being advanced by Fission Uranium Corp and NexGen. PLN has already had over $20 million spent on drilling and geophysics to date. At the ~3km long A1 conductor previous drilling by F3 intersected basement hosted uranium mineralization supported by the presence of alteration, pathfinder elements and structural disturbance reinforcing the large-scale potential of the project. The A1 conductor remains untested to the northwest over a further 800m strike length.

FISSION 3.0 EXPLORATION SCHEDULE:

Murphy Lake, Bird Lake and Seahorse Lake – Ground Geophysics
April/May/June:
($1.2M)

Lazy Edward BayDrilling
May 15 to June 15:
($1.5M – Traction Uranium to Fund)

Murphy Lake Drilling
June 15 to June 30
($1.1M) – 2 diamond drills

Bird Lake and Seahorse Lake – Drilling
July 1 to August 15
($2.2M)

PLN – Drilling
Sept 1 to Oct 30
($1.9M) – north end of A1 conductor

About Fission 3.0 Corp.
Fission 3.0 Corp. 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 currently has 16 projects in the Athabasca Basin. Several of Fission 3.0’s projects are near large uranium discoveries, including Arrow, Triple R and Hurricane deposits.

Qualified Person
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.

ON BEHALF OF THE BOARD

“Dev Randhawa”
______________________
Dev Randhawa, CEO

Investor Relations

Ph: 778-484-8030
 TF: 844-484-8030
[email protected]
www.fission3corp.com

Cautionary Statement: Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. 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”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3 Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122503