Geiger to Begin Hook Drill Program Targeting Radioactive Alteration Systems in February
Rhea-AI Summary
Geiger (OTCQB: BSENF) plans a February 2026 drill program at the Hook project, Athabasca Basin, to test two clay-alteration/radioactive systems: TT (~5.5 km SW of ACKIO) and TAB (~6 km NE of ACKIO). Previous 2024 drilling returned 30–145 m clay alteration across five holes at TT and 130–230 m fracturing/hydrothermal alteration with elevated radioactivity in two holes at TAB.
The winter program will drill 3–5 holes per area to test below the alteration envelopes and a broad gravity low at TAB; logistics and staffing are ready for early February deployment.
Positive
- 145 m maximum clay alteration recorded in five holes at TT
- 230 m maximum fracturing/hydrothermal alteration recorded in two holes at TAB
- 3–5 planned holes per target to test below alteration envelopes in Feb 2026
- Targets located along same SSE structural corridor as ACKIO discovery
Negative
- None.
News Market Reaction – BSENF
On the day this news was published, BSENF gained 3.26%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BSENF gained 7.47% while uranium peers were mixed: BKUCF fell 3.61%, but PTUUF, APAAF, NFUNF and SUUFF rose between 1.64% and 11.9%, suggesting company-specific and broader uranium interest both played roles.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 01 | Hook drill plans | Positive | +3.3% | Announced February 2026 drilling at TT and TAB alteration systems on Hook. |
| Oct 22 | Name change & rollback | Neutral | -0.2% | Name change to Geiger and 1-for-5 share consolidation effective October 27. |
| Sep 03 | New uranium discovery | Positive | +0.5% | Reported first unconformity-style uranium mineralization at Loki on Aberdeen. |
| Aug 29 | Forum acquisition | Positive | +1.6% | Closed acquisition of Forum Energy Metals, forming a well-capitalized explorer. |
| Jul 10 | Aberdeen drilling start | Positive | +6.2% | Commenced 18–25 drill holes at Aberdeen across 10 high-priority targets. |
Recent exploration and corporate updates have generally been followed by modest positive price reactions, indicating the stock often trades in alignment with news flow.
This announcement adds to a series of exploration and corporate developments in 2025. Earlier, the company advanced drilling at the Aberdeen project with 18–25 planned holes and reported its first unconformity-style uranium mineralization in the northeast Thelon Basin. It then completed the Forum Energy Metals acquisition, leaving the combined company with over $12 million in cash, followed by a name change and 1-for-5 share consolidation. The new Hook drill program extends this exploration-led trajectory around ACKIO.
Market Pulse Summary
This announcement outlined a February 2026 drill program at Hook targeting the TT and TAB areas, where prior 2024 work intersected 30–145 m clay alteration at TT and 130–230 m of fracturing and hydrothermal alteration at TAB with elevated radioactivity. It extends a 2025 sequence of drilling and project expansion around ACKIO. Investors may watch for subsequent results from these holes and follow-up technical updates that clarify whether additional mineralized zones are identified.
Key Terms
pathfinder geochemistry technical
hydrothermal alteration technical
gravity anomaly technical
gravity and magnetic low technical
redox interface technical
AI-generated analysis. Not financial advice.
Key Highlights
Hook Project in Athabasca is planning a February 2026 drill program to the TT and TAB areas, which exhibit strong alteration and elevated radioactivity.
TT and TAB areas exhibit thick alteration zones with elevated radioactivity and pathfinder geochemistry, consistent with major Athabasca Basin uranium deposit corridors.
TT target: Up to 145 metres of clay alteration intersected across five holes; drilling will test below the alteration envelope along the same structural corridor as the ACKIO discovery.
TAB target: Up to 230 metres of fracturing and hydrothermal alteration with elevated radioactivity; drilling to test a broad gravity anomaly supported by anomalous lake sediment results.
Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - Geiger Energy Corp. (TSXV: BEEP) (OTCQB: BSENF) ("Geiger") or the ("Company") is pleased to announce further plans to drill its Hook project ("Hook") February 2026 to test two clay alteration with elevated radioactivity systems (TT and TAB) intersected in 2024, in the Athabasca Basin of northern Saskatchewan (Figure 1). See Press Release dated November 3, 2025.
"Plans to test Hook's prospective alteration systems in February 2026 in the vicinity of the ACKIO discovery are underway. The TT and TAB areas have displayed radioactive and prospective alteration systems, similar in style to some of the larger Athabasca Basin deposit corridors. The project is fertile for additional mineralized systems and our winter exploration work will ensure continuous advancement of Geiger's portfolio," stated Rebecca Hunter, President and Chief Executive Officer of Geiger.
Hook Project, Athabasca Basin
Key areas have been identified that warrant current follow-up on the Hook Project (Figure 2). The main areas of interest include the TT and TAB areas. Targets will be prioritized based on results as the drilling program progresses.
TT area (~5.5 km SW of ACKIO): Drill intersections with clay alteration ranging from 30 to 145 metres in thickness in 5 drill holes, HK24-016, HK24-017, HK24-021, HK24-022 and HK24-023 (Figure 3). Three to five planned drill holes are designed to test below the clay alteration envelope to target the base of the alteration system. Alteration pathfinders suggest a potential redox interface at depth and that could be where the elevated radioactivity is sourced from. Along trend targets are also planned to determine the extent of the alteration system along strike. The target area is a coincident gravity and magnetic low along the same SSE-trending structural corridor that the ACKIO discovery falls along.
TAB area (~6 km NE of ACKIO): Drill intersections of strong fracturing and hydrothermal alteration between 130 and 230 m in thickness in 2 drill holes, HK24-009 and HK24-010 (Figure 4). Three to five drill holes are planned to test larger gravity anomaly. Elevated radioactivity and pathfinders are indicative of a larger system in the area. Highly anomalous radioactivity has been identified in lake sediments from nearby lakes suggesting there could be a local source to the elevated radioactivity (Figure 5). Similar to TT, the area is a gravity and magnetic low target.
The significant clay alteration systems share similarities with deposit areas in the Athabasca Basin (e.g. the Millennium Deposit), which hosts a significant clay alteration halo outboard of the main deposit area. The presence of these two distinct alteration systems at TT and TAB kilometres from the ACKIO discovery shows the project area is fertile for more uranium mineralization discoveries.
The Hook Project is a key asset for Geiger as it hosts significant uranium mineralization at ACKIO, and the TT and TAB areas have now displayed additional prospective hydrothermal systems. The overall objective of the 2026 drill program is to further test these systems at TT and TAB and determine if there is a another mineralized zone in the area. Finalization of the drill program will evolve in the coming weeks as we compile and review the historical data and recent drilling result with our technical team. For the 2026 program, all the drill and camp logistics as well as staffing are organized and will be ready for deployment in early February.
About Geiger
Geiger holds approximately 390,000 hectares of exploration ground in the Athabasca Basin of northern Saskatchewan, Canada, and an additional 95,519 hectares in Nunavut's Thelon Basin. The Company's exploration strategy is focused on discovering high-grade uranium deposits within these two prolific uranium districts.
Geiger's primary asset, the Aberdeen Project in the Thelon Basin, Nunavut, hosts the high-grade Tatiggaq and Qavvik uranium discoveries.
Tatiggaq is a basement-hosted prospect defined over a 300-metre strike length, comprising multiple steeply dipping, ENE-trending mineralized lenses situated between 80 and 180 metres depth. Notable drill intercepts include
2.25% U₃O₈ over 11.1 metres1, underscoring the high-grade potential of the system. The system is open for expansion over a 1.5 km strike length and a depth.Qavvik is a similarly styled, basement-hosted prospect characterized by steeply dipping, mineralized ENE-trending lenses across a 100 x 100 metre area, extending from surface to approximately 400 metres depth. The system is open for expansion over a 500 metre area and at depth.
The Aberdeen Project contains over 50 high-priority exploration targets, many of which exhibit strong alteration and anomalous uranium from limited historical drilling - while several remain completely untested.
In the Athabasca Basin, Geiger is advancing its Hook Project, which hosts the ACKIO near-surface uranium prospect.
ACKIO is a basement hosted prospect that extends for more than 375 metres along strike and 150 metres in width. It consists of at least nine distinct uranium pods with mineralization beginning at depth of 28 metres and continuing to approximately 300 metres. The system remains open at depth and along strike to the north, south, and east, highlighting significant potential for expansion.
Significant massive clay alterations systems with elevated radioactivity are also present within the Hook Project that show promising mineralization potential outboard of the ACKIO discovery.
Figure 2: 2026 proposed drill target areas on the Hook Project.
Figure 3: TT Target area with historical drill holes and proposed holes.
Figure 4: TAB Target area with historical drill holes and proposed holes.
Figure 5: Preliminary compilation of elevated lake sediment geochemistry and boulders.
Qualified Person Statement
The technical information contained in this news release has been reviewed and approved by Rebecca Hunter, P.Geo, President & CEO of Geiger Energy Corp., a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."
For More Information
"Rebecca Hunter"
Geiger Energy Corp.
Rebecca Hunter, PhD. P. Geo.
CEO, President & Director
Email: rhunter@oregroup.ca
Phone: 416-644-1567
Cautionary Statement
Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to Geiger's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes Geiger's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the ability of Geiger to implement its business strategies; competition; currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Geiger cautions that the foregoing list of material factors is not exhaustive. When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Geiger has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF GEIGER AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE GEIGER MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
________________________
1 Refer to Forum News Release dated September 12, 2023, titled "Forum intersects
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276373
FAQ
When will Geiger (BSENF) begin drilling at the Hook project?
What targets will Geiger (BSENF) test in the February 2026 Hook drill program?
How thick were the alteration intervals at TT and TAB reported by Geiger (BSENF)?
How many drill holes will Geiger (BSENF) plan at each target during the 2026 program?
What geophysical anomalies support the TAB target for Geiger (BSENF)?
How close are TT and TAB to the ACKIO discovery referenced by Geiger (BSENF)?
