Uranium Energy Corp Delivers Promising Drill Results at Roughrider
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Uranium Energy Corp Reports Exceptional Drilling Results
Uranium Energy Corp (NYSE American: UEC) is excited to announce the latest findings from its ongoing drilling campaign at the Roughrider Project, revealing impressive high-grade uranium mineralization. Recently, a drill hole located 850 meters northeast of the central Roughrider deposit delivered outstanding results: an intersection showing 11.4% eU3O8 over 2.4 metres, with a remarkable sub-interval of 24.9% eU3O8 over 1.0 metre.
Details of the Latest Drill Hole
Drill hole RR-961 has provided substantial insights, following previous drill hole RR-940, which indicated 12.7% eU3O8 over a length of 7.2 metres. These two drill holes suggest that the mineralization extends further east, enhancing the potential of the high-grade core associated with Roughrider North. The current campaign includes an agenda for another 20 drill holes, with more results expected as the program advances.
Understanding the Roughrider Project
The Roughrider North discovery is on an exploration path parallel to its counterpart on the Roughrider Project. The mineralization identified thus far lies predominantly in the basement rock at approximately 250 metres beneath the surface. Chris Hamel, Vice President of Exploration, expressed optimism regarding the ongoing campaign, highlighting the potential for further high-grade mineralization in the area.
Exploration and Future Prospects
The UEC team is diligently working along the northern trend of the project, which has thus far uncovered around 200 metres of strike length showing uranium mineralization. The core of this high-grade area has expanded to about 55 metres due to recent drilling intersected by RR-961. It's crucial for the exploration effort to continue its trajectory east and west as they seek to pinpoint further high-grade occurrences.
Significance of the Athabasca Basin
The Athabasca Basin, an area known for its rich uranium deposits, plays a pivotal role in U.S. and global uranium production. This region is renowned for its unique geology, which often results in grades that significantly exceed the global average, enhancing the attractiveness of uranium exploration and extraction. As stipulated by the World Nuclear Association, the Athabasca Basin accounted for an impressive 15% of the world’s uranium production.
Technical Aspects of Mining Operations
Uranium mineralization within the Athabasca Basin often occurs at the interface between sandstone and underlying basement blocks. This complex geology allows for various concentrations of uranium to be found either at the unconformity or even several hundred metres beneath through intricate fault structures.
The Path Ahead for Uranium Energy Corp
As Uranium Energy Corp advances its Roughrider Uranium Project, the company remains committed to utilizing effective drilling techniques and methodologies, such as radiometric equivalent grades (eU3O8), to determine the uranium concentration directly within drill holes. Samples from all drilled holes will undergo meticulous assay analysis at a recognized laboratory, with results anticipated in the near future.
About Uranium Energy Corp
Uranium Energy Corp stands out as a rapidly growing supplier committed to the green energy transition, emphasizing low-cost, environmentally friendly uranium projects. With a wide range of facilities and projects across the North American landscape, including a producing In-Situ Recovery (ISR) hub in Wyoming and additional resources in South Texas, they are positioned to capitalize on the growing demand for uranium.
Frequently Asked Questions
What are the latest drilling results from Uranium Energy Corp?
Uranium Energy Corp recently reported significant drilling results, with hole RR-961 indicating 11.4% eU3O8 over 2.4 metres.
How does the Athabasca Basin contribute to uranium production?
The Athabasca Basin is a leading uranium district, responsible for a significant portion of the world's uranium supply, with high-grade deposits that frequently exceed the global average.
What is the purpose of the ongoing drilling program?
The ongoing drilling program aims to expand the understanding of uranium mineralization at Roughrider and identify additional high-grade zones.
What techniques are used in UEC's uranium exploration?
UEC utilizes radiometric gamma probe technology to assess uranium concentrations in-situ, allowing for accurate measurements in their drilling operations.
What is the vision of Uranium Energy Corp regarding future production?
Uranium Energy Corp aims to strengthen its position as a leading supplier of uranium while focusing on low-carbon green energy initiatives.
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