Fission 3.0 Intersects Off-Scale Mineralization in the First Follow Up Hole at PLN A1 Discovery

Kelowna, British Columbia–(Newsfile Corp. – November 30, 2022) – FISSION 3.0 CORP (TSXV: FUU) (OTCQB: FISOF) (“Fission 3” or “the Company”) is pleased to announce that the first follow-up drill hole of the new high-grade discovery in hole PLN22-035 (see Press Release Nov 21, 2022) at the 100%-owned PLN project on the A1 conductor has intersected 3.48 m of total composite mineralization with greater than 10,000 cps including 2.5 m of total off-scale radioactivity (>65,535 cps), occurring as pitchblende patches. The follow-up hole, PLN22-038, is still in progress and two additional follow-up holes of a 7-hole program are planned in the immediate vicinity of this new mineralization before the Christmas break.

Hole PLN22-038, the first follow-up hole, targeted the A1 conductor 15 m up dip from the discovery hole mineralization and is still in progress. Gyro survey data indicates that the drill hole has deviated, and the new mineralized intersection is less than 10 m away from the mineralized intersection in the discovery hole.

Drilling Highlights from First Follow Up Hole PLN22-038:

PLN22-038 (line 00N)

• 12.5 m total composite mineralization >300 cps over a 13.0 m interval (between 239.0 m to 252.0 m), including

  • 3.48 m of total composite mineralization >10,000 cps over a 7.15 m interval (between 243.85 m and 250.7 m including

    • 2.5 m of total off scale radioactivity (>65,535 cps) over a 3.0 m interval (between 244.0 m and 247.0 m)

• the hole is still in progress.

Table 1: Drill Hole Summary

Drill hole PLN22-036, located 630 m SE of discovery hole, PLN22-035, targeted the A1 conductor. An 8.5 m intersection of a graphite and sulphide rich deformation zone (355.3 m to 363.8 m) corresponds to the electromagnetic response, but no mineralization (>300 cps) was noted. The hole was terminated at 422 m.

Drill hole PLN22-037 also targeted the A1 structure about 830 m south of discovery hole, PLN22-035. The hole was terminated at 500 m in fresh granite gneiss and no mineralization (>300) cps was noted.

Raymond Ashley, Vice President Exploration, commented:

“It is a great start to the follow-up step-out drilling, that the strongly mineralized structure has been intersected. Two additional drill holes are planned near the high-grade discovery in the current program to establish the orientation and geometry of the mineralization. The two diamond drills and sonic drill on the property will continue to work in the immediate vicinity of the discovery hole for the remainder of the PLN fall drill program.”

Natural gamma radiation in the drill core that is reported in this news release was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 scintillometer. The Company considers greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and greater than 65,535 cps as off-scale. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. All depth measurements reported are down-hole and true thickness are yet to be determined. Samples from the drill core are split in half on site and are standardized at 0.5 m lengths. One half of the split sample will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK. for lithogeochemical analysis using their “Uranium Package”.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146188