92 Energy Limited (ASX: 92E | OTCQX: NTELF) continues to intersect thick zones of uranium mineralisation from the now completed, 7,160m summer 2022 Gemini drill programme at GMZ in the Athabasca Basin, Canada.
GMZ Results
Equivalent uranium (% eU3O8) grades are reported for the final summer 2022 GMZ drillholes, GEM22-042 to GEM22-047 with uranium grades derived from a calibrated 2GHF-1000 triple gamma probe.
Drilling southeast of the strong mineralisation intersected in GEM22-025 has continued to intersect broad zones of mineralisation which include 3.6m of 0.9% eU3O8 within 49.9m of total composite1 uranium mineralisation in GEM22-042 and 1.4m of 0.9% eU3O8 and 1.1m of 1.0% eU3O8 within 40.0m of composite mineralisation in GEM22-046.
Twenty-one drillholes were completed at the GMZ during the summer 2022 campaign, totalling 6,095m. Drilling at the GMZ returned an 81% success rate with 17 of 21 drillholes having intersected >0.5m of 0.05% eU3O8.
At the end of the 2022 summer drill campaign, uranium mineralisation at the GMZ has been defined over a 220m by 200m area and remains open to the north, northwest, southeast, and southwest.
Drillholes GEM22-43 and 044 were drilled 60m northwest of the GMZ and while they did not intersect significant radioactivity, the geology encountered suggests the prospective graphite altered basement unit which is spatially associated with uranium mineralisation is located down-dip of these two drillholes.
Highlights:
- 2022 summer drilling program at the GMZ continues to intersect thick zones of uranium mineralisation including:
- GEM22-042: 49.9m of composite eU3O8 mineralisation including 3.6m of 0.9% eU3O8 within 25.4m of 0.3% eU3O8
- GEM22-045A: 17.6m of composite eU3O8 mineralisation including 1.5m of 1.1% eU3O8
GEM22-046: 40.0m of eU3O8 composite mineralisation including 1.4m of 0.9% eU3O8 and 1.1m of 1.0% eU3O8
“We are proud to announce the completion of another successful drill program at the Gemini Project. We are particularly encouraged by summer GMZ drillholes GEM22- 025, 042 and 047 which intersected broad zones of equivalent uranium mineralisation including continuous zones which averaged in excess of 0.5% eU3O8,” Managing Director, Siobhan Lancaster, said.
“Results from the summer drill program indicate that the GMZ remains open to the north, southeast and southwest, with a further 1.5km of highly prospective strike yet to be explored.
“The team is excited by the progress that has been made over the winter and summer 2022 drilling campaigns and are looking forward to getting back on the ground at Gemini as soon as possible to continue the expansion of the GMZ uranium discovery.”
Exploration Drilling
In addition to the GMZ drilling outlined above, four reconnaissance drillholes were completed at Camp West and the GMZ Extension (GMX) on the Gemini Project, totalling 1,065m.
GEM22-038, 040 and 041 were drilled at the Camp West target area (located approximately 6km southwest of the GMZ).
GEM22-038 and 040 targeted the interpreted projection of strong basement alteration intersected in GEM22-009 and GEM22- 011.
GEM22-038 and 040 intersected bleached and blocky Athabasca sediments which were underlain by pervasively clay, hematite and chlorite altered basement. The strong to moderate intensity basement alteration in GEM22-038 and 040 was present to a vertical depth of just over 100m below surface.
No anomalous radioactivity was intersected; however, the degree of alteration and structural disruption is considered encouraging by 92 Energy. GEM22-041 targeted an interpreted structural intersection southwest of GEM22-038 and 040. A thin veneer of Athabasca sediments was cored, underlain by weakly altered basement rocks. No anomalous radioactivity was intersected in the drillhole.
GEM22-039 was drilled 2.5km northeast of the GMZ, off the main GMX trend, following up on the anomalous radioactivity intersected in GEM22-020. The drillhole intersected altered basement rocks but no anomalous radioactivity was detected.
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