92 Energy (ASX:92E) has begun a 4,000m drilling program at its wholly owned Gemini Uranium Discovery in the Athabasca Basin in Canada.
The $31.64 million market capitalisation company has 2 diamond drill rigs spinning as part of the program, with 1 rig allocated to the Gemini mineralised zone with the aim of extending the thick, ‘high-grade’ mineralisation into open areas north and south of the main discovery.
This rig will follow up on previous results such as 5m @ 1.47% U3O8, including 0.5m @ 9.66% U3O8, as announced by 92 Energy in May 2023.
Meanwhile, the second rig is testing ‘high-priority’ exploration areas along the Gemini Uranium Discovery trend to the north and south and the western trend. 92 Energy says this western trend has never been drill-tested before.
The company says drilling is anticipated to continue through to the end of September 2023.
Equivalent uranium values derived from calibrated down-hole gamma probes will be announced at regular intervals throughout the program.
92 Energy is an ASX-listed uranium exploration company targeting ‘high-grade’ uranium in Canada. The company wholly owns 57 mineral claims in the Athabasca Basin, which makes up 92 Energy’s 10 projects, namely the Gemini, Tower, Clover, Powerline Creek, Wares, Wormboiler, Cypress River, Snowbird, Cable, and Murphy projects.
Images: 92 Energy
