American Uranium (ASX: AMU) will begin drilling at its Lo Herma Uranium Project in Wyoming later this month as part of the next stage of development of the group’s ISR (in situ recovery) projects.
The company said phase one drilling will focus on expanding the resource base by targeting extensions to the north of planned mine units one and two.
CEO Bruce Lane said the program was a key step in advancing Lo Herma with the latest campaign being undertaken to advance exploration targets and provide inputs for an updated mineral resource estimate.
“We are pleased to confirm the expected timing of our upcoming approved resource development drilling campaign at Lo Herma,” Lane said.
“Phase one of the program will focus on growing the resource base by targeting extensions of the known trends.”
Lo Herma currently has a mineral resource estimate of 8.57 million pounds of uranium-equivalent, of which 32% is in the indicated category.
The project also holds an exploration target of 5.6 to 7.1 million tonnes at 500 to 700 parts per million eU3O8.
The company said results from the program will be used as part of expected to feed into Scoping Study due to be completed in 2026, positioning the project to benefit from renewed interest in nuclear energy in the US.
American Uranium has approval for up to 121 drillholes totalling 37,500m. A second phase of infill drilling is planned to upgrade inferred resources to higher confidence categories within the two mine units.
American Uranium said the Lo Herma project is strategically positioned to contribute to America’s nuclear energy revival, with near-term development potential and existing approvals in place.
Write to Dan Petrie at Mining.com.au
Images: American Uranium
