Uranium Energy Corp Intersects 12.7% eU3O8 over 7.2 metres, 850 m northeast of Roughrider Deposit
NYSE American: UEC
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Exploration Drilling: UEC's ongoing drill program has intersected basement-hosted uranium mineralization in drill hole RR-940 that grades 6.96% eU3O8 over 13.5 m with a higher-grade sub-interval that grades 12.7% eU3O8 over 7.2 metres. UEC will continue drilling in this area to evaluate the potential for additional resources.
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Regional drilling benefits from new ANT survey technology: In April of this year, UEC conducted an Ambient Noise Tomography ("ANT") survey. This new exploration technology is being applied to Roughrider for the first time and has identified new targets along existing exploration corridors.
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Roughrider next steps: UEC has a three-prong approach to advancing Roughrider,
- continue growing the project's resources with an additional 25 holes this summer to further investigate the Roughrider north exploration corridor,
- advance the Initial Assessment ("IA") Technical Report Summary ("TRS") that is based on the existing project resources, this work is substantially complete and is anticipated in the coming months,
- EA baseline studies, along with community engagement to advance licensing and permitting.
- continue growing the project's resources with an additional 25 holes this summer to further investigate the Roughrider north exploration corridor,
Table 1, outlined below, details the equivalent uranium intersections (eU3O8) from select drill holes from the 2024 summer campaign. Figure 1 shows the immediate Roughrider project area in the Northern part of
|
From |
To |
Width |
Avg. |
Cut-off |
GT |
|
|
|
|
|
||||||||
RR-909 |
|
244.3 |
264.8 |
20.6 |
0.07 |
0.05 |
1.4 |
|
|
RR-910 |
|
250.3 |
305.5 |
55.2 |
0.52 |
0.05 |
28.8 |
|
|
incl. |
250.3 |
255.4 |
5.1 |
1.63 |
0.05 |
8.3 |
|
|
|
incl. |
297.6 |
305.5 |
7.9 |
2.53 |
0.05 |
20.0 |
|
|
|
RR-913 |
|
262.8 |
310.3 |
47.5 |
0.47 |
0.05 |
22.1 |
|
|
incl. |
307.8 |
309.9 |
2.1 |
6.81 |
1.00 |
14.3 |
|
|
|
RR-919 |
|
304.1 |
307.1 |
3.0 |
2.23 |
0.05 |
6.7 |
|
|
incl. |
304.4 |
306.2 |
1.8 |
3.51 |
1.00 |
6.3 |
|
|
|
RR-925 |
|
239.8 |
313.0 |
73.3 |
0.11 |
0.05 |
7. 8 |
|
|
incl. |
244.3 |
246.1 |
1.9 |
1.83 |
1.00 |
3.5 |
|
|
|
RR-929 |
|
291.1 |
300.2 |
9.1 |
0.79 |
0.05 |
7.2 |
|
|
incl. |
291.5 |
292.3 |
0.8 |
1.38 |
1.00 |
1.1 |
|
|
|
incl. |
294.2 |
295.0 |
0.8 |
2.76 |
1.00 |
2.2 |
|
|
|
RR-930 |
|
282.8 |
288.4 |
5.6 |
0.18 |
0.05 |
1.0 |
|
|
RR-933 |
|
242.2 |
244.7 |
2.5 |
0.094 |
0.05 |
0.2 |
|
|
|
230.6 |
231.1 |
0.5 |
0.08 |
0.05 |
0.0 |
|
|
|
|
249.9 |
264.2 |
14.3 |
3.00 |
0.05 |
42.8 |
|
|
|
incl. |
251.9 |
262.2 |
10.3 |
4.06 |
1.00 |
41.8 |
|
|
|
incl. |
260.4 |
260.8 |
0.4 |
14.68 |
10.00 |
5.9 |
|
|
|
RR-934 |
|
316.2 |
318.1 |
1.9 |
0.22 |
0.05 |
0.4 |
|
|
|
327.1 |
328.4 |
1.3 |
0.07 |
0.05 |
0.1 |
|
|
|
RR-935 |
|
319.1 |
320.2 |
1.1 |
0.05 |
0.05 |
0.1 |
|
|
|
324.1 |
327.9 |
3.8 |
0.10 |
0.05 |
0.4 |
|
|
|
RR-937 |
|
313.8 |
315.7 |
1.9 |
0.64 |
0.05 |
1.2 |
|
|
incl. |
314.8 |
315.4 |
0.6 |
1.44 |
1.00 |
0.9 |
|
|
|
RR-938 |
|
322.4 |
323.2 |
0.8 |
0.32 |
0.05 |
0.3 |
|
|
RR-940 |
|
271.1 |
284.6 |
13.5 |
6.96 |
0.05 |
93.9 |
|
|
incl. |
271.2 |
283.4 |
12.2 |
7.69 |
0.10 |
93.8 |
|
|
|
incl. |
273.2 |
280.4 |
7.2 |
12.71 |
1.00 |
91.5 |
|
|
|
incl. |
281.9 |
282.5 |
0.6 |
1.99 |
1.00 |
1.2 |
|
|
|
RR-945 |
|
270.8 |
281.3 |
10.5 |
3.17 |
0.05 |
33.2 |
|
|
incl. |
271.7 |
280.8 |
9.1 |
3.61 |
1.00 |
32.9 |
|
|
|
incl. |
273.6 |
273.9 |
0.3 |
10.62 |
10.00 |
3.2 |
|
|
|
incl. |
277.6 |
278.2 |
0.6 |
15.18 |
10.00 |
9.1 |
|
|
|
RR-948 |
|
292.4 |
293.5 |
1.1 |
0.62 |
0.05 |
0.7 |
|
|
incl. |
292.9 |
293.1 |
0.2 |
1.10 |
1.00 |
0.2 |
|
|
|
RR-949-1 |
|
255.6 |
261.6 |
6.0 |
0.14 |
0.05 |
0.8 |
|
|
incl. |
255.6 |
257.3 |
1.7 |
0.14 |
0.05 |
0.2 |
|
|
|
incl. |
259.8 |
261.6 |
1.8 |
0.33 |
0.05 |
0.6 |
|
|
|
RR-950 |
|
266.7 |
268.1 |
1.4 |
0.27 |
0.05 |
0.4 |
|
|
About
All of
Uranium mineralization in the
The uranium concentrations in the holes presented above from the radiometric equivalent uranium grade ("REG"), denoted as eU3O8, were determined in-situ within the drill hole. For more information on REGs please see the "About Radiometric Equivalent Grades" section below.
About Radiometric Equivalent Grades
The standard and shielded probes were calibrated prior to the commencement of the current drill program at the
Samples from all holes have been collected for assay analysis to confirm these equivalent grades. The samples will be analyzed at
About the
Qualified Persons and Data Acquisition
The technical information in this news release has been reviewed and approved by
About
X (formerly known as Twitter): @UraniumEnergy
Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable
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