Pine Ridge Uranium Project Continues to Deliver Encouraging Exploration Results
Snow Lake Resources (NASDAQ: LITM) has reported encouraging results from its Pine Ridge Uranium Project in Wyoming's Powder River Basin. The company, in a 50/50 joint venture with Global Uranium and Enrichment Limited, has completed 49 drill holes totaling 18,239m, with significant uranium intercepts including 1.8m at 550ppm U3O8 and 1.7m at 520ppm U3O8.
The drilling program has confirmed 24 continuous mineralized roll fronts across two major sandstone units, positioned at depths of 700-1,000 feet and 1,100-1,300 feet. These units are geologically and hydrologically isolated, making them suitable for future In-Situ Recovery (ISR) development. The project is strategically located near Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5Mlbs U3O8 annually.
The total program of 125 holes (38,000m) is expected to be completed by November 2025, with results supporting the development of an initial inferred mineral resource estimate.
Snow Lake Resources (NASDAQ: LITM) ha riportato risultati incoraggianti dal Pine Ridge Uranium Project nel Powder River Basin dello Wyoming. L’azienda, in una joint venture al 50/50 con Global Uranium e Enrichment Limited, ha completato 49 trivellazioni per un totale di 18.239 m, con intercetti di uranio significativi tra cui 1,8 m a 550 ppm U3O8 e 1,7 m a 520 ppm U3O8.
Il programma di trivellazione ha confermato 24 fronti mineralizzati continui su due importanti unità di arenaria, situate a profondità di 700-1.000 piedi e 1.100-1.300 piedi. Queste unità sono isolate geologicamente e idrologicamente, rendendole idonee per futuri sviluppi In-Situ Recovery (ISR). Il progetto è strategicamente localizzato vicino al Cameco’s Smith Ranch Mill, che possiede una capacità autorizzata di 5,5 milioni di libbre di U3O8 all’anno.
L’intero programma di 125 pozzi (38.000 m) è previsto sia completato entro novembre 2025, con i risultati a sostegno di una stima iniziale delle risorse minerarie inferite.
Snow Lake Resources (NASDAQ: LITM) ha informado resultados alentadores del Pine Ridge Uranium Project en la cuenca Powder River del Wyoming. La empresa, en una joint venture al 50/50 con Global Uranium y Enrichment Limited, ha completado 49 sondeos por un total de 18.239 m, con interceptos de uranio significativos que incluyen 1,8 m a 550 ppm U3O8 y 1,7 m a 520 ppm U3O8.
El programa de perforación ha confirmado 24 frentes mineralizados continuos a través de dos importantes unidades de arenisca, ubicadas a profundidades de 700-1.000 pies y 1.100-1.300 pies. Estas unidades están geológica e hidrológicamente aisladas, lo que las hace adecuadas para un desarrollo futuro de ISR (Recuperación In-Situ). El proyecto está estratégicamente ubicado cerca de la Smith Ranch Mill de Cameco, que tiene una capacidad autorizada de 5,5 Mlbs U3O8 por año.
Se espera que el programa total de 125 pozos (38.000 m) esté completo para noviembre de 2025, con resultados que respaldan la estimación inicial de recursos minerales inferidos.
Snow Lake Resources (NASDAQ: LITM)가 와이오밍 주의 파우더 강 유역 Pine Ridge Uranium Project에서 고무적인 결과를 발표했습니다. 이 회사는 Global Uranium 및 Enrichment Limited와의 50/50 합작으로 49개 시추구를 총 18,239m 수행했으며, U3O8 550ppm에서 1.8m, 520ppm에서 1.7m의 중요한 우라늄 관입을 포함합니다.
시추 프로그램은 두 개의 주요 사암층에서 연속적인 24개의 광물화 전면을 확인했으며, 깊이는 각각 700-1,000피트 및 1,100-1,300피트에 위치합니다. 이 단위들은 지질학적으로 및 수리학적으로 격리되어 있어 향후 ISR(현장 내 회수) 개발에 적합합니다. 이 프로젝트는 Cameco의 Smith Ranch Mill 근처에 전략적으로 위치해 있으며, 연간 허가 용량 5.5Mlbs U3O8를 보유하고 있습니다.
총 125개 시추(38,000m) 프로그램은 2025년 11월까지 완료될 것으로 예상되며, 결과는 추정된 1차 광물자원 추정치를 뒷받침합니다.
Snow Lake Resources (NASDAQ: LITM) a publié des résultats encourageants concernant le Pine Ridge Uranium Project dans le bassin Powder River du Wyoming. L’entreprise, dans une coentreprise à 50/50 avec Global Uranium et Enrichment Limited, a effectué 49 forages totalisant 18 239 m, avec des intercepts d’uranium significatifs comprenant 1,8 m à 550 ppm U3O8 et 1,7 m à 520 ppm U3O8.
Le programme de forage a confirmé 24 fronts minéralisés continus sur deux grandes unités de grès, situées à des profondeurs de 700-1 000 pieds et 1 100-1 300 pieds. Ces unités sont géologiquement et hydrologiquement isolées, ce qui les rend adaptées pour un développement ISR futur. Le projet est stratégiquement situé près de la Smith Ranch Mill de Cameco, qui dispose d’une capacité autorisée de 5,5 Mlbs U3O8 par an.
Le programme total de 125 forages (38 000 m) devrait être achevé d’ici novembre 2025, les résultats soutenant l’estimation initiale des ressources minérales inférées.
Snow Lake Resources (NASDAQ: LITM) hat ermutigende Ergebnisse des Pine Ridge Uranium Project im Powder River Basin Wyomings gemeldet. Das Unternehmen, in einer 50/50-Joint-Venture mit Global Uranium und Enrichment Limited, hat 49 Bohrungen mit insgesamt 18.239 m abgeschlossen, mit signifikanten Uraninterzepten einschließlich 1,8 m bei 550 ppm U3O8 und 1,7 m bei 520 ppm U3O8.
Das Bohrprogramm hat 24 kontinuierliche mineralisierte Frontabschnitte über zwei großen Sandstein-Einheiten bestätigt, die sich in Tiefen von 700–1.000 Fuß und 1.100–1.300 Fuß befinden. Diese Einheiten sind geologisch und hydrologisch isoliert, was sie für eine zukünftige In-Situ Recovery (ISR) Entwicklung geeignet macht. Das Projekt liegt strategisch in der Nähe der Cameco Smith Ranch Mill, die eine lizenzierte Kapazität von 5,5 Mio. lb U3O8 pro Jahr hat.
Das Gesamtprogramm von 125 Bohrungen (38.000 m) soll bis November 2025 abgeschlossen sein, mit Ergebnissen, die die Entwicklung einer ersten geschätzten Mineralressource unterstützen.
Snow Lake Resources (NASDAQ: LITM) أصدرت نتائج مشجعة من مشروع Pine Ridge Uranium في حوض Powder River بوايومينغ. الشركة، في مشروع مشترك بنسبة 50/50 مع Global Uranium وEnrichment Limited، أكملت 49 حفرًا بإجمالى 18،239 م، مع اكتشافات يورانيوم مهمة تشمل 1.8 م عند 550 جزء في المليون U3O8 و1.7 م عند 520 جزء في المليون U3O8.
أكّد برنامج الحفر 24 جبهة معدنية مستمرة عبر وحدتين رئيسيتين من الحجر الرملي، تقعان بعمق 700-1,000 قدم و1,100-1,300 قدم. هذه الوحدات معزولة جيولوجيًا وهيدرولوجيًا، مما يجعلها مناسبة لتطوير ISR المستقبلي. يقع المشروع بشكل استراتيجي قرب مطحنة Smith Ranch التابعة لـ Cameco، والتي لديها قدرة مرخصة قدرها 5.5 ملايين رطل U3O8 سنويًا.
من المتوقع أن يكتمل البرنامج الكامل من 125 حفرة (38,000 م) بحلول نوفمبر 2025، مع نتائج تدعم تقدير الموارد المعدنية المستدل عليه أولاً.
Snow Lake Resources（纳斯达克股票代码：LITM） 公布了怀俄明州Powder River盆地的Pine Ridge铀矿项目的令人鼓舞的结果。公司与
钻探计划已在两大砂岩单元中确认< b>24条连续的矿化前线，厚度位于700-1,000英尺和1,100-1,300英尺深度。这些单元在地质和水文上均为隔离，适合未来的就地提取（ISR）开发。该项目地处靠近 Cameco 的 Smith Ranch 研磨厂，拥有一个< b>年度许可能力为550万磅 U3O8。
总程序为< b>125口钻探（38,000米），预计将于2025年11月完成，并支持初步推断矿产资源量的估算。
- Strong uranium intercepts with grades up to 700ppm U3O8
- Confirmation of 24 continuous mineralized roll fronts suitable for ISR development
- Strategic location near Cameco's Smith Ranch Mill (5.5Mlbs U3O8 capacity)
- Expanded drilling permit area approved by BLM
- Favorable uranium market conditions with prices exceeding US$80/lb
- Project still in early exploration phase without defined mineral resources
- Completion of full drilling program not expected until November 2025
Insights
Snow Lake's Pine Ridge drilling confirms multiple uranium roll fronts with grades up to 700ppm, showing strong potential for ISR mining in Wyoming.
The latest drilling results from Snow Lake Resources' Pine Ridge Uranium Project demonstrate consistent mineralization across multiple drill holes, with the best intercepts including
Particularly significant is the confirmation of at least two major sandstone units that appear geologically and hydrologically isolated. This isolation is crucial for ISR mining, as it allows for contained solution flow during the extraction process. The identification of 24 continuous and correlatable mineralized roll fronts within these sandstone units is technically important because roll fronts are the ideal geological structures for uranium deposition in sedimentary basins.
The depth of mineralization (ranging from approximately 220m to 307m) is within typical operating parameters for ISR projects. The continuity between drill holes suggests potential for resource delineation, though the current spacing doesn't yet support a formal resource estimate. With 49 of the planned 125 holes now completed, the company is building toward a comprehensive understanding of the deposit's geometry and grade distribution.
The project's location in the Powder River Basin is strategically valuable, being surrounded by established uranium projects and situated only 15km from Cameco's Smith Ranch Mill. This proximity to existing infrastructure could significantly reduce capital requirements should the project advance to production. The expanded drilling area through BLM permit approval opens additional exploration potential in key areas of the property.
These results are encouraging for an early-stage uranium exploration project, though investors should note that considerable additional work including hydrogeological studies, permeability testing, and environmental baseline work would be required before any production decision.
Winnipeg, Manitoba--(Newsfile Corp. - October 2, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces that an additional 15 drill holes have been completed on the Pine Ridge Uranium Project ("Pine Ridge"), located in the prolific Powder River Basin in Wyoming, a 50/50 joint venture (the "Joint Venture") with Global Uranium and Enrichment Limited ("GUE"), delivering encouraging intercepts including 1.8m at 550ppm U3O8 and 1.7m at 520ppm U3O8.
The Joint Venture has now completed 49 drill holes on Pine Ridge, for a total of 18,239m (59,840 ft) of drilling. The total program of 125 holes, including 38,000m (125,000 ft), is expected to be completed during November 2025.
Highlights
Third set of drill results continue to demonstrate the strong development opportunity at the Pine Ridge Uranium Project in the Powder River Basin, Wyoming
Drilling continues to focus on defining roll front mineralisation and has returned excellent results, including:
1.8m at
0.055% (550 ppm) U3O8 from 258.3m in PR25-041 including:0.8m at
0.070% (700ppm) U3O8 at 258.9m
1.7m at
0.052% (520 ppm) U3O8 from 307.2m in PR25-040 including:0.9m at
0.068% (680 ppm) U3O8 from 307.4m
3.8m at
0.035% (350 ppm) U3O8 from 220.2m in PR25-0451.5m at
0.043% (430 ppm) U3O8 from 267.8m in PR25-0461.7m at
0.043% (430 ppm) U3O8 from 260.1m in PR25-048
Recently, the area permitted for drilling was expanded over a key part of Pine Ridge with the approval of a BLM Exploration Permit
Drilling has confirmed the existence and increased continuity of at least two major sandstone units that appear to be geologically and hydrologically isolated, allowing for future ISR development
Drilling is ongoing and is expected to continue through to the end of November 2025
CEO Remarks
"We are very pleased with the most recent drill results from the Pine Ridge uranium project, as they continue to yield strong results and assist in defining foll-front mineralization," said Frank Wheatley, CEO of Snow Lake.
"We firmly believe that we are positioning Snow Lake to benefit from a strengthening uranium market, with uranium prices recently exceeding US
Figure 1
Drilling at Pine Ridge in the Powder River Basin of Wyoming, U.S.
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Drill Program
Ongoing results are encouraging as they have confirmed and further defined the original concept of multiple redox boundaries that are hosted by numerous sand horizons. The current drill program has confirmed the existence and increased continuity of at least two major sandstone units within the Tertiary Ft. Union Formation in the eastern flank of Pine Ridge. The units, generally 700 to 1,000 feet deep and 1,100 to 1,300 feet deep, appear to be geologically and hydrologically isolated, allowing for future ISR (in-situ recovery) development.
A total of 24 continuous and correlatable mineralized roll fronts have been identified in the two major sandstone units. In some portions of Pine Ridge, the roll fronts are closely stacked within a unit and with the overlying or underlying unit. As the density of drilling increases during the 2025 program, the details of the geometry of these roll fronts will emerge more strongly. Such information would support the development of an initial inferred mineral resource estimate at Pine Ridge.
Details of drill results and drill collars are set out in Schedule A.
Figure 2: Current land package showing the new drilling at Pine Ridge
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Ridge Uranium Project - Overview
Pine Ridge is an In-Situ Recovery (ISR) uranium exploration project located in the southwestern Powder River Basin of Wyoming, the premier U.S. uranium basin. Pine Ridge is surrounded by existing uranium projects held by UEC and Cameco and is also located only ~15km from Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5Mlbs U3O8 p.a. The Smith Ranch mill is one of the largest uranium production facilities in the U.S.
Figure 3: Detailed map showing the locations and results of the most recent holes drilled at Pine Ridge. Intervals reported at a cutoff of 200 ppm and a thickness of >0.3m.
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Figure 4: Cross section, looking west, from A to A'. Significant results from the newly-reported drilling are highlighted.
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Qualified Person
Technical information in this news release has been reviewed and approved by Ron Scott PhD, PGeo, who is a Qualified Person as defined by the Securities and Exchange Commission's Regulation S-K 1300.
About Snow Lake Resources Ltd.
Snow Lake Resources Ltd. is a Canadian nuclear fuel cycle and critical minerals company listed on (NASDAQ: LITM), with a portfolio of American focused uranium projects, together with interests in next-generation uranium enrichment and advanced reactor technology. The Pine Ridge Uranium project is an exploration stage project located in Wyoming, United States. Snow Lake also holds a portfolio of additional exploration stage critical minerals projects located in Manitoba and Namibia, as well as investments in a number of public companies with critical minerals assets, including antimony, rare earths, and lithium in North America. Learn more at www.snowlakeenergy.com.
Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.
| Contact and Information Frank Wheatley, CEO | Investor Relations Investors: ir@snowlakelithium.com Website: www.snowlakeenergy.com |
Schedule A
The recent drill results are shown in Table 1 below and the collar details are shown in Table 2.
| Hole ID | From (m) | To (m) | Thickness (m) | Avg U3O8 (%) | U3O8 (ppm) | GxT (m%) |
| PR25-037 | 375.8 | 376.9 | 1.1 | 0.025 | 250 | 0.03 |
| PR25-039 | 335.9 | 336.2 | 0.3 | 0.021 | 210 | 0.01 |
| PR25-040 | 296.1 | 297.2 | 1.1 | 0.025 | 250 | 0.03 |
| and | 301.1 | 301.4 | 0.3 | 0.032 | 320 | 0.01 |
| and | 307.2 | 308.9 | 1.7 | 0.052 | 520 | 0.09 |
| including | 307.4 | 308.3 | 0.9 | 0.068 | 680 | 0.06 |
| PR25-041 | 258.3 | 260.1 | 1.8 | 0.055 | 550 | 0.10 |
| including | 258.5 | 258.8 | 0.3 | 0.068 | 680 | 0.02 |
| including | 258.9 | 259.7 | 0.8 | 0.070 | 700 | 0.05 |
| and | 267.5 | 268.8 | 1.4 | 0.025 | 250 | 0.03 |
| PR25-043 | 211.5 | 212.6 | 1.1 | 0.027 | 270 | 0.03 |
| PR25-045 | 220.2 | 224.0 | 3.8 | 0.035 | 350 | 0.13 |
| PR25-046 | 221.4 | 222.8 | 1.4 | 0.028 | 280 | 0.04 |
| and | 267.8 | 269.3 | 1.5 | 0.043 | 430 | 0.07 |
| PR25-048 | 260.1 | 261.8 | 1.7 | 0.043 | 430 | 0.07 |
| including | 260.6 | 261.2 | 0.6 | 0.057 | 570 | 0.03 |
| Table 1: Uranium intercepts from the recently completed holes. Minimum reported thicknesses are >0.3m and grade | ||||||
| Hole ID | Easting (83_13) | Northing (83_13) | Elev. (m) | Azi. (top of hole) | Dip (top of hole) | TD (m) |
| PR25-034 | 436736 | 4783539 | 1622 | 0 | -90 | 262 |
| PR25-035 | 436958 | 4784086 | 1633 | 0 | -90 | 262 |
| PR25-036 | 437420 | 4784014 | 1643 | 0 | -90 | 366 |
| PR25-037 | 437474 | 4784745 | 1672 | 0 | -90 | 415 |
| PR25-038 | 437093 | 4783863 | 1636 | 0 | -90 | 384 |
| PR25-039 | 437167 | 4783711 | 1637 | 0 | -90 | 384 |
| PR25-040 | 437166 | 4783559 | 1625 | 0 | -90 | 335 |
| PR25-041 | 437051 | 4783043 | 1615 | 0 | -90 | 305 |
| PR25-042 | 436670 | 4783078 | 1635 | 0 | -90 | 384 |
| PR25-043 | 436829 | 4783118 | 1622 | 0 | -90 | 366 |
| PR25-044 | 436596 | 4782620 | 1658 | 0 | -90 | 390 |
| PR25-045 | 436597 | 4782471 | 1651 | 0 | -90 | 384 |
| PR25-046 | 436669 | 4782317 | 1662 | 0 | -90 | 384 |
| PR25-047 | 436687 | 4782622 | 1655 | 0 | -90 | 341 |
| PR25-048 | 437052 | 4783199 | 1615 | 0 | -90 | 354 |
| Table 2: Drill collar details for drillholes | ||||||
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268851
FAQ
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