Elevate Uranium

Koppies Mineralisation Increased to Over 19 km

Elevate Uranium Limited (“Elevate Uranium”, or the “Company”) (ASX:EL8) (OTCQX:ELVUF) is pleased to announce the discovery of a new uranium mineralised zone extending over a further 6.6 kilometres to the south of Koppies 2, now called Koppies 4.

Highlights:

  • New discovery (Koppies 4) extends uranium mineralisation by another 6.6 kilometres to the south of Koppies 2.
  • Closer spaced drilling confirms continuity of uranium mineralisation at Koppies 3 discovery, confirming the 10 kilometre extension northeast of Koppies.
  • Koppies 3 extends mineralised width up to 2.4 kilometres wide.
  • Uranium mineralisation at Koppies now extends a total length of 19.2 kilometres.
  • Two drill rigs working on exploration drilling at Koppies.
  • Potential to add significantly to the existing 20 Mlb U3O8 Mineral Resource at Koppies.
This follows the previous discovery of a 10 kilometre uranium mineralised zone to the northeast of the Koppies 2. This area was named Koppies 3 in an ASX release titled “Koppies Mineralisation Extended by 10 km” dated 28 September 2022, which was only months after announcing the initial JORC (2012) Inferred Mineral Resource Estimate of 20.3 million pounds eU3O8 at Koppies 1 and 2, see ASX release titled “22% Increase in Mineral Resources” dated 4 May 2022 (See Page 6).

Elevate Uranium’s Managing Director, Murray Hill, commented:

“The Koppies project is growing bigger and better with each drilling program. In May 2022, the Company announced a 20.3 million pound maiden uranium resource at Koppies 1 and 2. Since that time, we have discovered Koppies 3 which extended the mineralisation to the north east by 10 kilometres and now Koppies 4 which extends the mineralisation 6.6 kilometres to the south west. We have been saying since we announced the 20.3 million pound maiden resource at Koppies, that we believed there was significant potential for growth at Koppies, and here is proof. The mineralisation in the greater Koppies area now has a length of 19.2 kilometres.

Two drill rigs continue to operate in the greater Koppies area to further locate and define the uranium mineralisation. The Koppies 3 and 4 discoveries have the potential to substantially expand the Koppies uranium resource.

Koppies mineralisation is extensive, shallow lying and in a Tier 1 uranium mining jurisdiction, where uranium mining has been undertaken for the past 46 years.”


Click here for the full ASX Release

This article includes content from Elevate Uranium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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