A total of 1697.2 meters ('m') were drilled for a total of 11 completed holes during the 2022 and early 2023 drill program to confirm historical drilling and extend the mineralization at the
Highlights & Downhole Gamma Probe Results:
Drillhole GH23-06 intersected a total of 15.3 m of elevated radioactivity with downhole probe readings from 253 cps up to 3,634 cps
Drillhole GH23-01 intersected a total of 18.0 m of elevated radioactivity with downhole probe readings from 251 counts per second ('cps') up to 431 cps
Drillhole GH23-02 intersected 7.0 m of continuous elevated radioactivity with downhole probe readings from 289 cps up to 590 cps
Drillhole GH23-05 intersected a total of 67.7 m of elevated radioactivity with downhole probe readings from 251 cps up to 417 cps
Drillhole GH23-04 intersected a total of 9.0 m of elevated radioactivity with scintillometer readings ranging from 270 cps to 1,004 cps however it was not subject to the downhole gamma probe analysis due to hole conditions
Continued prospecting and ground truthing of the UAV radiometric survey has outlined a mineralized surface expression of over 4 kilometers ('km') along strike EW from the current area of drilling. Multiple uraniferous anomalies have been discovered reading more than 15,000 cps from the RS-125 handheld spectrometer.
The continued intersection of elevated radioactivity across drill targets at
Investor Relations Engagement: In addition, the company has entered into a number of agreements for the provision of marketing and communications services and to build awareness of the company with investors for services including, but not limited to: enhanced distribution and awareness channels, website sponsorship, copywriting, design, digital advertising, active social media and network engagement, and lead generation. Details of the agreement with parties at arm's-length to the company are as follows:
Agreement with Resource Stock Digest for a term of 3 months. In consideration for providing the services, the company will pay a fee of
Agreement with
Agreement with
Agreement with Investor Intel for a term of 12 months. The company will pay a fee of
Natural gamma radiation in the drill core that is reported in this news release was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 spectrometer while natural gamma radiation in boreholes that is reported in this news release was measured in counts per second (cps) using an HPL2375-S Natural Gamma borehole probe. The Company considers greater than 200 cps (on the RS-125 scintillometer) or 250 cps (on the borehole probe) to be elevated radioactivity from the background radioactivity levels of 50 to 150 cps, and readings higher than 1,000 cps using either tool as potential high-grade mineralization. The reader is cautioned that scintillometer or borehole probe readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication for the presence of radioactive materials. All depth measurements reported are down-hole and true thickness are yet to be determined. Samples from the drill core are split in half on site in 0.5 m intervals. One half of the split sample will be submitted to
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