Atomic Eagle (ASX:AEU) has announced results from its maiden drill program at the Muntanga East target at the Muntanga Uranium Project in Zambia, with shallow, flat-lying mineralisation intersected.
Key intercepts from the drill campaign include 24.1m at 323 parts per million (ppm) equivalent uranium trioxide from 13.4m, including 6m @ 706ppm equivalent uranium trioxide from 24m; 6.5m @ 1230ppm equivalent uranium trioxide from 10.6m; 12m at 501ppm equivalent uranium trioxide from 38.7m; and 14.5m at 391ppm equivalent uranium trioxide from 48.2m.
The majority of the mineralisation lies less than 50m below surface which indicates a low-strip, open-pittable mineralisation.
CEO Phil Hoskins says that the company is pleased with these results from Muntanga East where the mineralisation uncovered is “in close proximity to the core resources underpinning the company’s previous technical studies for the project”.
“These results further reinforce our refreshed exploration strategy targeting bulk, open-pittable mineralisation and build on our recent exploration success at the Chisebuka target,” Hoskins says.
Atomic Eagle is on track for a maiden mineral resource estimate later in Q1 2026, which will help build upon their growth plans for the project. A comprehensive drill program is planned for 2026 that is aimed at growing the current resource.
Atomic Eagle is focused on exploration and development of uranium assets in Zambia, with the wholly owned Muntanga Uranium Project as its flagship asset.
Write to Amy Rotman at Mining.com.au
Images: Atomic Eagle
