92 Energy Limited (ASX: 92E) has intersected the thickest zones of composite uranium mineralisation drilled to date in its current drilling activity at the GMZ Uranium Discovery at its 100% owned Gemini Project.
Equivalent uranium (eU3O8) grades are now reported for all completed summer-22 drillholes based on calibrated downhole triple gamma probe results. With the completion of GEM22-025, the company is pleased to report a downhole probe result of 41.8m of 0.5% eU3O8, including 6.4m averaging 2.0% eU3O8.
This is the best interval of uranium mineralisation intersected at the GMZ so far. Recently completed drillholes GEM22-027 and 029 have intersected the thickest zones of total composite uranium mineralisation to date, totalling 68.7m and 48.7m ≥0.05% eU3O8, respectively.
GEM22-027 and 029 were drilled to the southwest of previous GMZ drilling and followed up on the thick zone of strong radioactivity intersected in GEM22-025. Both drillholes cored broad intervals of uranium mineralisation which includes intervals in excess of 0.75% eU3O8.
Notably, the uranium mineralisation encountered in GEM22-029 begins just 80m vertically below surface and is open up-dip and along strike.
Additionally, drillholes GEM22-026 and 028 intersected 12.9m and 11.3m of composite uranium mineralisation along strike to the southeast and northwest of GEM22-025, respectively.
92 Energy’s “These results further demonstrate that the GMZ is a significant new near-surface uranium discovery in the Athabasca Basin,” Managing Director, Siobhan Lancaster, said.
“As we suspected, mineralisation is becoming stronger and thicker in the up-dip direction towards the southwest. Importantly, we’re now seeing high-grade mineralisation within the broader mineralised zone.”
Next Steps
A total of six drill holes for 2,038m have now been completed out of a planned summer program of an initial 6,000m, with drilling continuing on site.
Chemical assays for all summer drilling have yet to be received. Drill core samples will be sent to the Saskatchewan Research Council Geoanalytical Laboratory for chemical assays, with results expected within four to six weeks.
For further information: https://www.92energy.com/
