Highlights
- Initial 26-hole drilling program completed on time & on budget at Lo Herma
- Results have successfully verified the historical Lo Herma drill hole database
- Exploration potential confirmed along trend in the Wasatch Formation and at
depth in the Fort Union Formation - New claims staked at Lo Herma show promising exploration potential in the deeper
Fort Union Formation which Cameco produces from ~10 miles east. - Planning in progress for expanded 2024 drill program targeting resource
expansion, upgrade of current resource classification & hydrogeologic data
collection
“We are very pleased that initial drilling has successfully verified the large body of historical data used to prepare the Lo Herma JORC inferred resource. In addition, the drilling confirmed exploration potential along trend in the Wasatch formation and at depth in the Fort Union formation. The program was completed on time & budget with the data generated to be used to refine follow-up drilling in 2024. The drilling in 2024 is expected to upgrade the category of portions of the mineral resource & ultimately support a preliminary economic assessment for the project.”
Bruce Lane
Executive Director
