92 Energy uranium Canada

92 Energy to kick off maiden drill program in September at Tower Property, Saskatchewan

92 Energy (ASX:92E) is set to launch a maiden drill program consisting of an initial 1,500m the Tower Property within its Athabasca Basin, Saskatchewan uranium properties in mid-September 2022.

The company reports that drilling across its uranium properties will initially focus on the Tower Property, which is located in the eastern Athabasca Basin, some 10km east of the world-class Cigar Lake uranium mine.

Despite its prospective location, the Tower Property has only been historically tested by four drillholes.

The drill program will test encouraging geophysical anomalies and interpreted geologic structures generated by 92 Energy’s 2021 airborne versatile time domain electromagnetic (VTEM) survey, as well as by historical airborne gravity and magnetic surveys.

Review the available geophysical data by 92 Energy has resulted in identification of three high priority exploration corridors which range in length between 1-10km.

Drilling in 2022 be focused within these corridors at areas of interpreted structural significance.

Commenting on the imminent drill program, 92 Energy Managing Director Siobhan Lancaster said: “Since listing, we have been keen to drill our Tower Project in the heart of the eastern Athabasca Basin uranium district.

“Since listing, we have been keen to drill our Tower Project in the heart of the eastern Athabasca Basin uranium district”

With minimal historical drilling, we consider Tower to be underexplored and highly prospective for uranium.

This drill program will be undertaken mid-September 2022, following the completion of our recently expanded Gemini drill program.

We look forward to testing more of our exploration models, which to date have proven successful with the discovery of the Gemini Mineralised Zone.”

92 Energy is an ASX-listed, uranium exploration company targeting ‘high-grade’ unconformity associated uranium in the Athabasca Basin, Saskatchewan, Canada.

On the fourth hole of its inaugural exploration drilling program, 92 Energy made a uranium discovery at its Gemini Project, known as the Gemini Mineralization Zone or ‘GMZ’.

The company owns a 100% interest in its mineral claims in the ‘world-class’ Athabasca Basin. These 30 claims make up the company’s five projects, being Gemini, Tower, Wares, Clover, Powerline Creek, and Cypress River.

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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.