en.Wedoany.com Reported - F4 Uranium Corp (TSXV: FFU) announced initial results from the first two drill holes at its Murphy Lake drilling project in the Athabasca Basin, Saskatchewan, Canada. In the first hole, ML26-015, the project team visually identified pitchblende in Athabasca sandstone, approximately 3 meters above the unconformity, and measured anomalous radioactivity of up to 1.0 meter with a peak of 460 cps.

The approximately 2,500-meter drilling program has completed two holes, both located in "Target Area 1" in the northern part of the project, following up on historical hole ML22-012. That historical hole encountered 56 ppm uranium in sandstone directly above the unconformity. F4 is the operator of the project, which is fully funded by UraniumX Discovery Corp. under an option agreement, with UraniumX eligible to earn up to a 70% interest.

Detailed data from drill hole ML26-015 (L1230N) show hand-held scintillometer readings exceeding 300 cps over a 1.0-meter interval (316.5-317.5 m), with a peak of 460 cps from 317.0-317.5 m. Corresponding downhole gamma readings exceeded 500 cps over a 4.3-meter interval (312.8-317.1 m) above the unconformity. Based on core logging, pitchblende occurs as bedding-parallel specks and nodules. The hole also exhibits intense hydrothermal alteration, including bleaching and clay alteration in the sandstone, as well as strong chloritization and disseminated sulfides and graphite intervals in the basement rocks.

An offset hole, ML26-016, on the same section line encountered similar but weaker hydrothermal alteration, with hand-held scintillometer readings on core not exceeding 300 cps. Drilling will next proceed to Target 2 to test conductor targets identified by recent Moving Loop Electromagnetic (MLEM) surveys.

Historical drill results guiding the current targets show that ML22-006 returned 0.065% U₃O₈ over 2.5 meters, including 0.242% U₃O₈ over 0.5 meters, within a 4.2-meter graphitic deformation zone and intense alteration. The 2026 MLEM survey refined key conductive trends, defining up to five priority target areas.

Erik Sehn, P.Geo, Vice President of Exploration, stated that the visually identified pitchblende in the first hole, along with associated alteration and geophysical context, is consistent with the project's target model. The company is awaiting assay results and preparing to test other high-priority targets within the project area.

F4 Uranium's 609-hectare Murphy Lake project is located in the northeast corner of the Athabasca Basin, adjacent to Orano's McLean Lake deposit, ISOEnergy's Hurricane uranium deposit, and Cameco's La Rocque Lake uranium trend. The initial 2022 drilling program completed 14 holes, with ML22-006 intersecting 0.065% U₃O₈ over 2.5 meters.

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