08:10 AM EDT, 06/12/2024 (MT Newswires) -- F3 Uranium ( FUUFF ) on Wednesday reported assays from 15 drill holes from the 2024 winter drilling program at the new JR uranium discovery within the Patterson Lake North property in Canada's Athabasca Basin.

Results from drill hole PLN24-116 include 12.0 meters of 7.6% uranium, including a high-grade 8.0-meters interval averaging 11.2% uranium, further including an ultra-high grade core of 2.0 meters of 31.4% uranium.

"We are very pleased with the results of the ongoing exploration program, in particular the area around the southern end of A1 where our geological targeting model is improving," said Sam Hartmann, F3's vice president for exploration.

The company's share price dropped 4.3% yesterday to $0.335.