Highlights
- Permits and bonds in place for drilling to start mid-November at the Lo Herma ISR
Uranium Project in Wyoming’s Powder River Basin. - Lo Herma is ~10miles from the US’s largest ISR U₃O₈ production plant at Cameco’s
Smith Ranch-Hyland & ~60 miles from UEC’s Irigaray & Energy Fuels’ Nichols Ranch - Initial drilling of up to 26 holes (~15,000ft/~4,600m) to validate and upgrade the
maiden JORC inferred resource of 5.7Mlbs U₃O₈ at average grade 630ppm - Drilling to also target exploration potential along trend in the Wasatch Formation
& in the deeper Fort Union Formation which Cameco produces from ~10 miles west. - New strategic claim staking in progress to grow the Lo Herma project area
- Promising results received from recent aerial geophysical survey at Lo Herma
- Green Mountain aerial geophysics results to be delivered in the coming weeks
“We are delighted to be heading back into the field for our maiden drill program at Lo Herma. This campaign is designed to verify the large body of historical data used to prepare the Lo Herma JORC inferred resource whilst upgrading & potentially extending that resource. Our near term objective is to build sufficient data from this drilling & a follow-up campaign in 2024, to support a preliminary economic assessment for the project“
Bruce Lane
Executive Director
