Uranium Energy Corp Intersects 6.28% eU3O8 Over 2.9 metres in a 25 metre Step Out from the Roughrider East Zone Deposit
NYSE American: UEC
Metallurgical drill hole intersects 3.16% eU3O8 over 43.4 metres
with sub-intervals that grade 4.05% eU3O8 over 12.6 metres and 3.81% eU3O8 over 21.6 metres
-
Exploration drilling extends potential of
East Zone deposit: UEC commenced a drill program at Roughrider inNovember 2023 with the dual purpose of exploring for additional resources on the property and for collecting metallurgical samples in the existing resource areas to support future economic studies. -
Discovery of new high-grade vein hosted mineralization in hole RR-889 grading 6.29% eU3O8 over 2.9 metres ("m") ~25 m west of the
East Zone deposit ("East Zone "): The mineralization is consistent with the grades and thicknesses of theEast Zone and provides targets for resource expansion. -
Metallurgical drill program at Roughrider completed: UEC has completed four metallurgical holes that intersected grades and thicknesses of uranium mineralization consistent with the resource models of the three zones, the best result being hole RR-879, drilled through the
East Zone , which graded 3.16% eU3O8 over 43.4 m with sub-intervals grading 4.05% eU3O8 over 12.6 m and 3.81% eU3O8 over 21.6 m (Table 1). - Roughrider next steps: UEC plans to drill an additional 20 holes comprising about 9,000 m this winter to identify new areas of uranium mineralization. The current resource estimate includes 27.8 million lb U3O8 comprising 389,000 tonnes grading 3.25% U3O8 in the Indicated category and 36.0 million lb U3O8 comprising 359,000 tonnes grading 4.55% U3O8 in the Inferred category1.
Additionally, our metallurgical drilling has also confirmed the high-grade and vein-hosted nature of the Roughrider deposit with grades and thicknesses consistent with resource modelling and its structural setting . Our competitive advantage is the combination of the foundational work by Hathor and Rio Tinto with the UEC Canada Roughrider Team's proven track record in brownfields resource expansion."
In the below section of this news release, Figure 1 is a map showing the location of drill holes at Roughrider, Figure 2 is a zoom-in of the Roughrider project in the Northern part of
Drill Hole |
|
From (m) |
To (m) |
Width (m) |
Grade (%eU3O8) |
Cut-off (%eU3O8) |
GT (m*%) |
RR-875 |
|
225.3 |
245.7 |
20.4 |
0.77 |
0.05 |
15.7 |
incl. |
234.2 |
243.2 |
9.0 |
1.56 |
1.00 |
14.1 |
|
|
328.2 |
401.9 |
73.7 |
1.50 |
0.05 |
110.3 |
|
incl. |
366.8 |
368.6 |
1.8 |
6.89 |
1.00 |
12.4 |
|
incl. |
387.6 |
388.3 |
0.7 |
38.37 |
10.00 |
26.9 |
|
incl. |
394.7 |
398.5 |
3.8 |
5.52 |
1.00 |
21.0 |
|
RR-879 |
|
263.2 |
306.6 |
43.4 |
3.16 |
0.05 |
137.01 |
incl. |
267.3 |
279.9 |
12.6 |
4.05 |
1.00 |
51.07 |
|
incl. |
284.8 |
306.3 |
21.6 |
3.81 |
1.00 |
82.28 |
|
incl. |
296.5 |
297.8 |
1.3 |
13.95 |
10.00 |
18.13 |
|
RR-883 |
|
276.3 |
292.4 |
16.1 |
0.61 |
0.05 |
9.80 |
incl. |
287.2 |
288.9 |
1.7 |
4.38 |
1.00 |
7.44 |
|
|
304.8 |
339.7 |
34.9 |
0.78 |
0.05 |
27.13 |
|
incl. |
330.2 |
335.2 |
4.9 |
4.46 |
1.00 |
21.84 |
|
|
342.9 |
358.8 |
15.9 |
0.53 |
0.05 |
8.44 |
|
incl. |
354.4 |
358.1 |
3.7 |
1.57 |
1.00 |
5.81 |
|
RR-885A |
|
455.4 |
469.5 |
14.1 |
0.18 |
0.05 |
2.50 |
incl. |
455.7 |
456.2 |
0.5 |
2.08 |
1.00 |
1.04 |
|
incl. |
468.6 |
469.1 |
0.5 |
1.90 |
1.00 |
0.95 |
|
RR-886B |
|
274.5 |
362.3 |
87.8 |
0.60 |
0.05 |
53.1 |
incl. |
295.7 |
296.9 |
1.2 |
6.24 |
1.00 |
7.5 |
|
incl. |
296.1 |
296.4 |
0.3 |
11.00 |
10.00 |
3.3 |
|
incl. |
298.1 |
300.1 |
2.0 |
5.53 |
1.00 |
11.1 |
|
incl. |
328.5 |
338.5 |
10.0 |
2.39 |
1.00 |
23.9 |
|
RR-889 |
|
225.1 |
275.7 |
50.6 |
0.37 |
0.05 |
18.50 |
incl. |
272.8 |
275.7 |
2.9 |
6.28 |
0.10 |
18.21 |
All of
Uranium mineralization in the
The uranium concentrations in the holes presented above from the radiometric equivalent uranium grade ("REG"), denoted as eU3O8, were determined in-situ within the drill hole. For more information on REGs please see the "About Radiometric Equivalent Grades" section below.
The standard and shielded probes were calibrated prior to the commencement of the current drill program at the
Samples from all holes have been collected for assay analysis to confirm these equivalent grades. The samples will be analyzed at
The technical information in this news release has been reviewed and approved by
1. |
"Technical Report Summary: |
Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable
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