Fintech
F3 Hits Mineralization within 8m of the Athabasca Unconformity
Kelowna, British Columbia–(Newsfile Corp. – July 17, 2023) – F3 Uranium Corp (TSXV: FUU) (OTCQB: FUUF) (“F3” or “the Company“) is pleased to announce scintillometer results from four holes of the ongoing 30-hole summer drill program at the JR Zone on the Patterson Lake North (“PLN”) Property, including 2 high grade intercepts in mineralized intervals that are both within 11m of the Athabasca Unconformity. Drill hole PLN23-073 tested for mineralization 15 meters up-dip of the high grade intercept reported in PLN23-068 on line 060S (see NR July 4, 2023) and intersected mineralization over an 11.5m interval starting 8m below the unconformity, including 0.70m of high grade (>10,000 cps), of which 0.50m was off-scale radioactivity (>65,535 cps) between 225.00m and 225.50m. Drill hole PLN23-074 on line 075S intersected 15.0m of mineralization starting 11m below the unconformity, including 0.20m of high grade (>10,000 cps) between 228.15 and 228.35m.
Raymond Ashley, President, commented:
“We are excited that basement mineralization has been intersected even closer to the Athabasca Unconformity, now within 8m, as this reinforces the potential for an unconformity or sandstone component to the JR Zone mineralization. The discovery of mineralization at the unconformity or in the sandstone would provide a compelling new target for JR Zone expansion drilling. Tests up dip from the JR Zone mineralization are ongoing to define the best possible target at the unconformity for this drill program. The Shea Creek deposit 46km to the north of PLN and the Key Lake deposit on the east side of the basin are examples where basement hosted uranium mineralization extends through the unconformity and into the sandstone. The first step out hole on line 165S did not intersect mineralization but additional drill holes are being planned on that section to continue to expand the footprint along strike of the JR Zone basement mineralization. In addition, exploration drilling along the A1 main shear zone has commenced, and prospective targets will be tested.”
Drilling Highlights:
PLN23-073 (line 060S):
- 11.5m mineralization from 215.5m – 232.0m, including
- 0.70m mineralization of >10,000 cps radioactivity between 225.00m – 225.70m including 0.50m off-scale radioactivity (> 65,535 cps) between 225.00m and 225.50m
PLN23-074 (line 075S):
- 15.0m mineralization from 225.0m – 240.0m, including
- 0.20m of mineralization >10,000 cps between 228.15 and 228.35m
Drilling Intercepts:
PLN23-071 (line 165S):
- No mineralization >300 cps
PLN23-072 (line 690S): Exploration Hole
- No mineralization >300 cps
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. Samples from the drill core are split in half on site and are standardized at 0.5m 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”.
All depth measurements reported are down-hole and true thickness are yet to be determined but the Company estimates true thickness of the reported intervals in this news release to be close to reported interval widths.
Table 1. Drill Hole Summary and Handheld Spectrometer Results
| Collar Information | * Hand-held Spectrometer Results On Mineralized Drillcore (>300 cps / >0.5m minimum) | Athabasca Unconformity Depth (m) | Total Drillhole Depth (m) | |||||||||
| Hole ID | Section Line | Easting | Northing | Elevation | Az | Dip | From (m) | To (m) | Interval (m) | Max CPS | ||
| PLN23-071 | 165S | 587780.0 | 6410597.1 | 545.2 | 53 | -60 | no radioactivity >300 cps | 179.0 | 323 | |||
| PLN23-072 | 690S | 588216.9 | 6410265.7 | 530.3 | 54 | -74 | no radioactivity >300 cps | n.a. | 257 | |||
| PLN23-073 | 060S | 587754.6 | 6410708.7 | 545.6 | 54 | -61 | 215.50 | 216.00 | 0.50 | 320 | 205.5 | 341 |
| 221.00 | 221.50 | 0.50 | 490 | |||||||||
| 221.50 | 222.00 | 0.50 | 1200 | |||||||||
| 222.00 | 222.50 | 0.50 | 520 | |||||||||
| 222.50 | 223.00 | 0.50 | <300 | |||||||||
| 223.00 | 223.50 | 0.50 | 480 | |||||||||
| 223.50 | 224.00 | 0.50 | 330 | |||||||||
| 224.00 | 224.50 | 0.50 | 1600 | |||||||||
| 224.50 | 225.00 | 0.50 | 4900 | |||||||||
| 225.00 | 225.50 | 0.50 | 65500 | |||||||||
| 225.50 | 225.70 | 0.20 | 20800 | |||||||||
| 225.70 | 226.00 | 0.30 | 9000 | |||||||||
| 226.00 | 226.50 | 0.50 | 7600 | |||||||||
| 226.50 | 227.00 | 0.50 | 590 | |||||||||
| 227.00 | 227.50 | 0.50 | 620 | |||||||||
| 227.50 | 228.00 | 0.50 | 860 | |||||||||
| 228.00 | 228.50 | 0.50 | 740 | |||||||||
| 228.50 | 229.00 | 0.50 | 1000 | |||||||||
| 229.00 | 229.50 | 0.50 | 610 | |||||||||
| 229.50 | 230.00 | 0.50 | 720 | |||||||||
| 230.00 | 231.50 | 1.50 | <300 | |||||||||
| 231.50 | 232.00 | 0.50 | 340 | |||||||||
| PLN23-074 | 075S | 587745.9 | 6410683.9 | 545.7 | 56 | -60 | 225.00 | 225.50 | 0.50 | 430 | 209.4 | 314 |
| 225.50 | 226.00 | 0.50 | 1600 | |||||||||
| 226.00 | 226.50 | 0.50 | 580 | |||||||||
| 226.50 | 227.00 | 0.50 | 1900 | |||||||||
| 227.00 | 227.50 | 0.50 | 530 | |||||||||
| 227.50 | 228.00 | 0.50 | 4800 | |||||||||
| 228.00 | 228.15 | 0.15 | 4100 | |||||||||
| 228.15 | 228.35 | 0.20 | 16000 | |||||||||
| 228.35 | 228.50 | 0.15 | 4800 | |||||||||
| 228.50 | 229.00 | 0.50 | 1700 | |||||||||
| 229.00 | 229.50 | 0.50 | 3700 | |||||||||
| 229.50 | 230.00 | 0.50 | 2000 | |||||||||
| 230.00 | 230.50 | 0.50 | 3500 | |||||||||
| 230.50 | 231.00 | 0.50 | 910 | |||||||||
| 231.00 | 231.50 | 0.50 | 2100 | |||||||||
| 231.50 | 232.00 | 0.50 | 810 | |||||||||
| 232.00 | 232.50 | 0.50 | <300 | |||||||||
| 232.50 | 233.00 | 0.50 | 480 | |||||||||
| 233.00 | 233.50 | 0.50 | 3200 | |||||||||
| 233.50 | 234.00 | 0.50 | 2400 | |||||||||
| 234.00 | 236.00 | 2.00 | <300 | |||||||||
| 236.00 | 236.50 | 0.50 | 1900 | |||||||||
| 236.50 | 237.00 | 0.50 | 3100 | |||||||||
| 237.00 | 237.50 | 0.50 | 1100 | |||||||||
| 237.50 | 238.00 | 0.50 | 440 | |||||||||
| 238.00 | 238.50 | 0.50 | 960 | |||||||||
| 238.50 | 239.00 | 0.50 | 1800 | |||||||||
| 239.00 | 239.50 | 0.50 | 1400 | |||||||||
| 239.50 | 240.00 | 0.50 | 770 | |||||||||
Handheld spectrometer composite parameters:
1: Minimum Thickness of 0.5m
2: CPS Cut-Off of 300 counts per second
3: Maximum Internal Dilution of 2.0m
About Patterson Lake North:
The Company’s 4,078-hectare 100% owned Patterson Lake North property (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Fission Uranium’s Triple R and NexGen Energy’s Arrow high-grade world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan. PLN is accessed by Provincial Highway 955, which transects the property, and the new JR Zone uranium discovery is located 23km northwest of Fission Uranium’s Triple R deposit.
Qualified Person:
The technical information in this news release has been prepare in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has verified the data disclosed.
About F3 Uranium Corp.:
F3 Uranium 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 discovery. F3 Uranium currently has 18 projects in the Athabasca Basin. Several of F3’s projects are near large uranium discoveries including Triple R, Arrow and Hurricane.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the suitability of the Properties for mining exploration, future payments, issuance of shares and work commitment funds, entry into of a definitive option agreement respecting the Properties, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy of this release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email: [email protected]
ON BEHALF OF THE BOARD
“Dev Randhawa”
Dev Randhawa, CEO
(See 2 plan maps and 4 cross sections below)
Figure 1: Patterson Lake North Summer 2023 Drill Program Update Map 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_004full.jpg
Figure 2: Patterson Lake North Summer 2023 Drill Program Update Map 2
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_005full.jpg
Figure 3: Patterson Lake North (PLN) JR Zone Cross Section Line 060S Looking 322°
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_006full.jpg
Figure 4: Patterson Lake North (PLN) JR Zone Cross Section Line 075S Looking 322°
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_007full.jpg
Figure 5: Patterson Lake North (PLN) JR Zone Cross Section Line 165S Looking 322°
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_008full.jpg
Figure 6: Patterson Lake North (PLN) JR Zone Cross Section Line 690S Looking 322°
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8110/173739_7a42d676c4dc4921_009full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/173739
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
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SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
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Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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