UEX Corporation has announced the third tranche of assay results from its winter drilling program at the West Bear Property in Saskatchewan.
UEX Corporation (TSX:UEX,OTC Pink:UEXCF) has announced the third tranche of assay results from its winter drilling program at the West Bear Property in Saskatchewan’s Athabasca Basin.
The drilling program began in early January and saw UEX complete 126 holes totalling 11,412.5 metres. The assay results covered 20 additional holes drilled at the West Bear cobalt-nickel deposit; 14 of the holes returned composite grades that exceed the cobalt equivalent grade of 0.023 percent.
As stated in the press release:
Highlights from the third tranche include WBC-063, which intersected 4.5 meters averaging 0.11 percent cobalt and 0.49 percent nickel from 27.0 meters to 31.5 meters, WBC-083 which assayed 0.04 percent cobalt and 0.07 percent nickel over 35.5 meters from 26.0 meters to 61.5 meters including a subinterval of 1.5 meters of 0.29 percent cobalt and 0.38 percent nickel from 28.5 meters to 30 meters, and WBC-094 which returned 5.5 meters of 0.08 percent cobalt and 0.30 percent nickel from 31.5 meters to 37.0 meters.
The drill results from this tranche of assays have expanded the strike length of the West Bear cobalt-nickel deposit to 600 meters and defined the western end of the deposit.
Roger Lemaitre, UEX President and CEO, commented:
I am pleased with the excellent work of our technical team this winter squeezing out the maximum amount of drill holes at West Bear before the spring thaw. We successfully met our goal of expanding the Deposit along strike to the west. With assay results from seventy new holes still outstanding, many of which are focussed in the eastern area of the Deposit, and assays pending from the historic sonic holes, I look forward to seeing what the results of the next batches of assays does to shape our ever evolving understanding the West Bear Cobalt-Nickel Deposit and how our knowledge can be applied to other targets across the Athabasca Basin.
Click here to read the full press release from UEX Corporation.