F3 Uranium Begins Drill Testing Hearty Bay Project Under 2,000 Metre Program
F3 Uranium (TSXV: FUU) has begun to drill test its Heart Bay project in the northern portion of the Athabasca basin. The program aims to identify the source of radioactive boulders that have previously sampled up to 8.23% U3O8.
The program, at 2,000 metres in size, is set to use a sonic drill to test the property. The program will search for the source of glacially dispersed boulders and till that have indicated the presence of uranium on Isle Brochet. The drill to be used can sample both overburden and bedrock, meaning it is capable of testing overburden under the lake that exists on the property.
The Hearty Bay project consists of seven claims measuring 11,173 hectares in size, a portion of which was staked by F3 from 2017 through to 2019. Traction Uranium (CSE: TRAC) has a 50% interest in the project, with the option to increase that interest to 70%. The duo in january conducted a winter gravity survey, which identified multiple gravity lows to the northeast of boulder trains on site that have demonstrated uranium mineralization.
The current drill program is slated to be completed by the end of the month, dependent on ice conditions.
READ: F3 Uranium’s New Murphy Lake Option To See $18 Million In Work Expenditures In First 3 Years
F3 Uranium last traded at $0.46 on the TSX Venture.
The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
