92 Energy have intersected mineralisation as high as 6 per cent triuranium octoxide south of Gemini, extending the discovery by another 65 metres along strike and expanding it to minimum 250 by 240 metre footprint in Canada’s Athabasca basin.
The now-completed winter campaign wrapped up for 16 holes totalling 4295 metres, returning with 3.8m averaging 1.3% eU3O8 and the 6% over 0.5m subinterval from GEM23-061, while hole 063 came home with 14.4m averaging 0.3% eU3O8, including sub-intervals of 2.2m averaging 0.6% eU3O8 and 1.3m averaging 0.5% eU3O8.
And in the opposite direction, three drillholes 280m north intersected highly anomalous mineralisation associated with intense hydrothermal alteration and structural disruption, while drilling 450m and 1050m away encountered wide zones of hydrothermal alteration and brecciation which appear similar to the flagship discovery.
92 Energy Managing Director Siobhan Lancaster said it was clear Gemini was both an important discovery and a huge opportunity.
“The uranium mineralisation in drillholes GEM23-061 and 063 demonstrate the excellent potential for Gemini to host a deposit with genuine scale and high grades,” she said.
“We are particularly encouraged by drilling 280m north of the Gemini mineralised zone, where we have intersected radioactivity and strong alteration, reminiscent of the discovery drillhole at Gemini.
“It is also important to remember that Gemini sits in a prospective 2.8km-long trend which hosts several promising targets that are viewed by the Company to be structural analogues to the discovery area.
With more high-grade mineralisation from an open discovery bolstered by drilling to the north now on hand, the energy explorer has immediately begun planning a follow up, directed towards growing Gemini and testing the nearby targets to unlock full value from its uranium discovery.
