If you didn’t catch our latest
press release, we have the assay results back from our new discovery at PLS. To recap - all four of the last holes of the drill program hit wide intersections of strong mineralization at shallow depth. You can check out all three of our news releases in November for the full details.
Today’s release is all about the assay results. The short version is that we’ve drilled 18m Grading 1.78% U3O8, including 12.5m of 2.49% U3O8 and 3.5m of 4.33% U3O8
Let’s give those numbers some context. The world’s average grade for uranium is 0.2%. Let me state that again: 0.2%. That means our assay results range from 9 times to 20 times higher than the world average grade.
Just as importantly, the mineralization has occurred at a shallow depth, meaning considerably less time, money and effort when it comes to actually mining the uranium and therefore upgrading the value of our discovery by a great deal.
We are at the start of a particularly exciting time where this property is concerned and are preparing a very aggressive drill program to develop PLS. Watch this space.
Please get in contact with any questions and be sure to follow us on Twitter (@FissionEnergy) and
LinkedIn to keep up with the latest updates.
Dev Randhawa
