This soil sampling program was conducted to evaluate the surface extension of mineralization and the correlation of uranium with gold, silver, nickel, and copper. In addition to showing a strong correlation between uranium and both precious and base metals, the program has also validated the results of an Unmanned Aerial Vehicle ('UAV') radiometric survey completed in
'We are very pleased that our sampling program has confirmed elevated uranium values along with anomalous gold, silver, nickel and copper. These assays also correlate very well with the results from last year's UAV airborne radiometric survey,' commented
Soil Sampling Results:
Uranium values in soil ranged from 0.97 ppm to 610.00 ppm. The high end of this range is considered strongly anomalous, being almost 470 times enriched compared to average continental crust (1.3 ppm U - Rudnick & Gao, 2003)1. The highest values of uranium in soils coincide very well with the anomalies outlined in the recently completed UAV radiometric survey (Figure 2).
Due to the strong correlation between the airborne radiometrics and the soil sample assay results, the Company plans to conduct additional soil sampling surveys in the summer of 2023 focused over the anomalies discovered using the 2022 airborne UAV surveys.
Permitting at Apex:
The permitting application process for drilling at Apex continues to move forward and final correspondence is expected in
Update on VTEM:
All data collected from the VTEM survey flown at Apex in November of 2022 is currently being processed with all data expected to be delivered by the end of February. The geophysical data from this survey will be used for additional target generation and refinement for a Phase I drilling program planned for 2023.
Technical Information:
All scientific and technical information in this news release has been prepared by or reviewed and approved by
Quality Assurance & Quality Control (QA/QC):
The 2022 soil sampling program was conducted under the supervision of
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