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UEX drills 11.2 m of 4.94% uranium at Christie Lake

Monday, March 6, 2017 11:41
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(Before It's News)

UEX Corporation (TSE:UEX) on Monday provided assay and radiometric results from the continuing 2017 exploration program at the Christie Lake project.

Highlights

Radiometrics from Paul Bay hole CB-113 encountered 4.94% eU3O8 over 11.2 m from 493.8 to 505.0 m, including a 2.5 m wide interval that averaged 14.29% eU3O8 from 495.3 to 497.8 m, confirming the continuity of the upper high-grade zone within the Paul Bay Deposit.

Assays from Paul Bay hole CB-108A intersected 2.92% U3O8 over 6.70 m from 599.7 to 606.4 m and CB-108A-1 returned 2.42% U3O8 over 12.6 m from 586.9 to 599.5 m confirming that the lower segment of the Paul Bay Deposit contains a much larger high-grade subzone than previously believed

Assays from Orora hole CB-110A averaged 2.28% U3O8 over 18.0 m from 471.0 to 489.0 m, which included a subinterval of 9.86% U3O8 over 3.5 m from 475.3 to 478.8 m located 20 m northeast and along strike of discovery hole CB-109 The Orora discovery remains open in both directions along strike, with the width of the mineralization yet to be determined

 

Paul Bay Deposit Drilling

Four holes have been completed within the Paul Bay Deposit to close some gaps in the drilling to allow the Company to finalize our first NI 43-101 resource estimate on the Christie Lake Project.

Hole CB-113 successfully confirmed the continuity of the ultra high-grade subzone between holes CB-092 and CB-004 within the upper segment of the Paul Bay Deposit. CB-113 intersected 11.2 m averaging 4.94% eU3O8 from 493.8 to 505.0 m which included a very high-grade subinterval of 14.29% eU 3O8 over 2.5 m from 495.3 to 497.8 m.

Hole CB-112 was drilled to fill a large gap in the existing drilling updip of the ultra high-grade zone between CB-007 and CB-093. CB-112 encountered 3.17% eU 3O8 over 1.6 m from 491.2 to 492.8 m.

Assays from the two holes drilled in the lower segment of the Paul Bay Deposit in the vicinity of CB-102 (3.40% U3O8 over 11.2 m as stated in December) have been received. Both holes were drilled with the objective of determining whether a higher grade subzone existed around CB-102, in an area where existing holes of generally low grade uranium intersections were widely spaced.

Read: UEX says 2016 targets met, plans winter drilling at Christie Lake

Hole CB-108A intersected multiple zones of basement-hosted mineralization approximately 15 m southwest and at a slightly lower elevation than CB-102.

Offcut hole CB-108A-1 tested the Paul Bay Deposit approximately 28 m northeast and at a slightly higher elevation than CB-102 and also encountered multiple mineralized intervals.

Both of these holes are likely to have a significant impact on the resource model of the lower part of the Paul Bay Deposit.

 

Assay Results – Orora Zone Drilling

UEX previously announced that hole CB-109 (22.81% U3O8 over 8.6 m) discovered a new high-grade zone unconformity-style uranium mineralization along the Yalowega Mineralized Trend (see News Release of February 14, 2017), 500 m northeast and along strike of the known deposits.

Hole CB-110A tested the unconformity 20 m along strike to the northeast of CB-109 and encountered multiple mineralized lenses at and just below the unconformity.

Hole CB-110A-1 intersected the unconformity approximately 12 m northwest of CB-110A and encountered multiple lenses of low-grade uranium mineralization over a core length of 12 m.

Hole CB-111A intersected the unconformity 25 m east-northeast of CB-110A, but missed the structural target that hosts CB-109 and CB-110A mineralization to the southeast. Despite missing the target, CB-111A encountered low grade uranium mineralization over a 13 m core length.

UEX is currently drilling southwest and along strike of CB-109.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/174329/uex-drills-112-m-of-494-uranium-at-christie-lake-174329.html

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