Energy Metals (ASX: EME) and joint venture (JV) partner Elevate Uranium (ASX: EL8) continue to enjoy success at their Bigrlyi uranium project in the Northern Territory.
The mineral resource estimate (MRE) for the project currently stands at 6.32 million tonnes at an average grade of 1,530 parts per million for 21.3 million pounds of the uranium compound triuranium octoxide (U₃O₈).
Since commencing the drilling campaign in mid-July, project operator Energy Metals has completed 11,055 metres of reverse circulation and diamond drilling targeting three sub-deposits with good potential for resource growth.
Outstanding results have been obtained from all three sub-deposits, with drill holes regularly exceeding 10,000ppm equivalent U₃O₈ concentration.
The results include a high-grade core of 0.6m at 12,600ppm from a depth of 129.7m, with the true width of the full intersection estimated to be 4.1m.
Selected drilling samples have been submitted to a commercial laboratory in Adelaide for chemical assays and the completed drill holes have also been surveyed with calibrated down-hole gamma probes to calculate an U₃O₈ equivalence.
Energy Metals managing director Shubiao Tao said this ranks in the top five best intersections recorded at A2 since its discovery.
“The drilling results at Bigrlyi have been outstanding this year, with grades from the A2, A4, and A15 sub-deposits all exceeding 500ppm,” Mr Tao said.
“These results not only confirm the continuity of the Bigrlyi deposits but also boost our confidence in the potential for further resource growth at Bigrlyi.”
The exploration team is awaiting receipt of chemical assay results from the laboratory, which will enable it to finalise interpretation and begin the process of updating wireframes and geological models.
Once these are completed, a revised MRE will be calculated.
Elevate and Energy Metals are planning further drilling next year at Bigrlyi and the surrounding regional tenement package, with an expected start date of Q2 2025 after the NT wet season has finished and access can be established.
The Bigrlyi JV is part of the extensive uranium tenements and resources controlled by Elevate Uranium in north-western Australia.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。