Energy

UEX Corporation (TSX: UEX) (“UEX” or the “Company”) is pleased to announce assay and radiometric results from the winter 2017 drilling program at the Christie Lake Project, where we successfully expanded the Ōrora Zone and identified the potential for extending uranium mineralization down-dip into the basement. Highlights Hole CB-116A confirmed the high-grade Radiometric Equivalent Grade …

UEX Corporation (TSX: UEX) (“UEX” or the “Company”) is pleased to announce assay and radiometric results from the winter 2017 drilling program at the Christie Lake Project, where we successfully expanded the Ōrora Zone and identified the potential for extending uranium mineralization down-dip into the basement.
Highlights
Hole CB-116A confirmed the high-grade Radiometric Equivalent Grade (“REG”) results with assays averaging:

  • 17.11% U3O8over 10 mfrom 471.0 to 481.0 m that included a subinterval of:
  • 20.00% U3O8over 8.5 mfrom 471.0 to 479.5 m

Hole CB-116A-2 encountered a wide interval of uranium mineralization, extending from the unconformity to approximately 36 m into the basement, and returned an REG of:

  • 0.81% eU3O8over 28.8 mfrom 467.15 to 495.95 m that included subintervals of;
  • 3.42% eU3O8over 4.0 mfrom 477.45 to 481.45 m, and
  • 2.84% eU3O8over 2.1 m from 493.85 to 495.95 m.

CB-116A-2 increases the width of the new discovery along its southwestern margin to a minimum of 20 m, the widest section Ōrora Zone mineralization encountered at the unconformity to date. Ōrora remains open for expansion along strike to the southwest and to the northeast and down-dip to the southeast into the basement.
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