American Uranium (ASX:AMU) CEO Bruce Lane says the company has delivered “strong results” thus far from the ongoing resource expansion drilling campaign at the Lo Herma In-Situ Recovery Project in Wyoming, US.
“We believe that these results, combined with our 2025 campaign at Lo Herma, can be brought into additional resource pounds when we update the resource at the end of March,” Lane says.
“American Uranium continues to both grow and de-risk the project as we progress toward an update of the Lo Herma mineral resource estimate at the end of the quarter.”
The company has completed five drillholes across 2,249m to date of the 15 planned holes, designed to build on last year’s 50 hole campaign.
American Uranium says the best total hole from drilling so far includes a grade of 0.6 over 5.8m, with the greeted mineralised intercept of 1.8m @ 0.042% uranium oxide equivalent.
The remaining 10 holes will be complete within the next two weeks ahead of the resource estimate by the end of Q1 2026.
The company will conduct further drilling in Q2 2026.
American Uranium is focused on advancing the Lo Herma In-Situ Recovery Uranium Project located in Wyoming’s Powder River basin in the US.
Write to Maddison Elliott at Mining.com.au
Images: American Uranium
