UEX Corporation has released the second tranche of assay results from the West Bear Property’s winter drilling program in Saskatchewan.
UEX Corporation (TSX:UEX) has released the second tranche of assay results from the West Bear Property’s winter drilling program in Saskatchewan’s Athabasca Basin.
The company began a $4.25-million, 110 to 160 drill hole program at West Bear in January with the goal of expanding the asset’s cobalt-nickel deposit by extending cobalt mineralization along strike to the west.
As stated in the press release:
Thirty of the 31 holes from the second batch of assays returned composite grades that exceed the cobalt equivalent grade of 0.023 percent cobalt equivalent, the same cut-off grade used in UEX’s maiden resource estimate for the West Bear cobalt-nickel deposit announced on July 10, 2018.
Highlights from the current drill program include hole WBC-047 which encountered widespread cobalt and nickel averaging 0.05 percent cobalt and 0.16 percent nickel over 27.50 meters from 27.50 meters to 55.00 meters, and hole WBC-070 which intersected 0.06 percent cobalt and 0.16 percent nickel over 11.00 meters from 25.50 meters to 36.50 meters.