Pine Ridge Uranium Project Delivers Excellent Initial Drill Results
Snow Lake Resources (NASDAQ: LITM) has announced promising initial drill results from its Pine Ridge Uranium Project in Wyoming's Powder River Basin, a 50/50 joint venture with Global Uranium and Enrichment Limited. The company completed 33 drill holes totaling 12,540m, revealing significant uranium mineralization.
Key intercepts include 1.2m at 1,320 ppm U3O8 within a broader interval of 2.0m at 920 ppm U3O8, and 1.1m at 780 ppm U3O8 within a 3.5m interval at 540 ppm U3O8. The project, located just 15km from Cameco's Smith Ranch Mill, is positioned for In-Situ Recovery (ISR) uranium extraction. Drilling will continue through November 2025, with the company targeting a maiden mineral resource estimate by year-end.
Snow Lake Resources (NASDAQ: LITM) ha annunciato risultati iniziali promettenti dai suoi scavi al Pine Ridge Uranium Project nella Powder River Basin del Wyoming, una joint venture 50/50 con Global Uranium e Enrichment Limited. L'azienda ha completato 33 fori di perforazione per un totale di 12.540 m, rivelando una significativa mineralizzazione dell'uranio.
Gli intercetti principali includono 1,2 m con 1.320 ppm U3O8 all'interno di un intervallo più ampio di 2,0 m con 920 ppm U3O8, e 1,1 m con 780 ppm U3O8 all'interno di un intervallo di 3,5 m a 540 ppm U3O8. Il progetto, situato a soli 15 km dal molino Smith Ranch di Cameco, è predisposto per l'estrazione di uranio tramite In-Situ Recovery (ISR). Le perforazioni continueranno fino a novembre 2025, con l'obiettivo di una prima stima delle risorse minerarie entro la fine dell'anno.
Snow Lake Resources (NASDAQ: LITM) ha anunciado resultados iniciales prometedores de su Pine Ridge Uranium Project en la Powder River Basin de Wyoming, una empresa conjunta al 50/50 con Global Uranium y Enrichment Limited. La compañía completó 33 brotoles de perforación por un total de 12.540 m, revelando una mineralización de uranio significativa.
Interceptos clave incluyen 1,2 m a 1.320 ppm U3O8 dentro de un intervalo más amplio de 2,0 m a 920 ppm U3O8, y 1,1 m a 780 ppm U3O8 dentro de un intervalo de 3,5 m a 540 ppm U3O8. El proyecto, ubicado a apenas 15 km del Molino Smith Ranch de Cameco, está preparado para la extracción de uranio mediante In-Situ Recovery (ISR). Las perforaciones continuarán hasta noviembre de 2025, con el objetivo de una primera estimación de recursos mineros para fin de año.
Snow Lake Resources (NASDAQ: LITM)가 와이오밍 주의 파우더 리버 분지에 있는 Pine Ridge Uranium Project의 초기 시추 결과를 발표했습니다. 이 사업은 Global Uranium and Enrichment Limited와의 50/50 공동 투자입니다. 회사는 총 12,540m의 33개 시추 구경을 완료했고, 상당한 우라늄 광맥을 드러냈습니다.
주요 관찰 구간은 1.2m에 1,320ppm U3O8이 포함된 2.0m 구간(920ppm U3O8)과 3.5m 구간 내 540ppm U3O8에서 1.1m가 포함된 구간입니다. 이 프로젝트는 Cameco의 Smith Ranch Mill에서 단 15km 떨어진 곳에 위치하며, In-Situ Recovery(ISR) 방식의 우라늄 추출에 적합합니다. 시추는 2025년 11월까지 계속될 예정이며, 연말까지 maiden 자원 추정치를 목표로 하고 있습니다.
Snow Lake Resources (NASDAQ : LITM) a annoncé des résultats initiaux prometteurs de son Pine Ridge Uranium Project dans le bassin de Powder River au Wyoming, une coentreprise à 50/50 avec Global Uranium et Enrichment Limited. La société a réalisé 33 forages totalisant 12 540 m, révélant une minéralisation significative de l’uranium.
Les intercepts clés comprennent 1,2 m pour 1 320 ppm U3O8 dans un intervalle plus large de 2,0 m pour 920 ppm U3O8, et 1,1 m pour 780 ppm U3O8 dans un intervalle de 3,5 m à 540 ppm U3O8. Le projet, situé à seulement 15 km de l’usine Smith Ranch de Cameco, est positionné pour une extraction d’uranium par récupération sur site (ISR). Les forages se poursuivront jusqu’à novembre 2025, avec pour objectif une première estimation des ressources minérales d’ici la fin de l’année.
Snow Lake Resources (NASDAQ: LITM) hat vielversprechende anfängliche Bohrergebnisse aus dem Pine Ridge Uranium Project im Powder River Basin Wyomings bekannt gegeben, einem 50/50 Joint Venture mit Global Uranium and Enrichment Limited. Das Unternehmen führte 33 Bohrlöcher mit insgesamt 12.540 m durch und zeigte eine signifikante Uranmineralisierung.
Zu den wichtigstenIntercepts gehören 1,2 m bei 1.320 ppm U3O8 innerhalb eines breiteren Intervalls von 2,0 m bei 920 ppm U3O8, und 1,1 m bei 780 ppm U3O8 innerhalb eines 3,5 m Intervalls bei 540 ppm U3O8. Das Projekt liegt nur 15 km vom Cameco Smith Ranch Mill entfernt und ist für die In-Situ Recovery (ISR) von Uran positioniert. Die Bohrungen werden bis November 2025 fortgesetzt, mit dem Ziel einer ersten mineralischen Ressourcenabschätzung bis Ende des Jahres.
Snow Lake Resources (بورصة ناسداك: LITM) أعلنت عن نتائج حفر أولية واعدة من مشروع Pine Ridge Uranium في حوض Powder River بويومنغ، وهو مشروع مشترك 50/50 مع Global Uranium وEnrichment Limited. أكملت الشركة 33 بئر حفر بإجمالي 12,540 م، مكشوفة عن تواجد ملحوظ لليورانيوم.
تشمل الاعتراضات الرئيسية 1.2 م عند 1,320 جزء في المليون من U3O8 ضمن مدى أعرض يبلغ 2.0 م عند 920 جزء في المليون U3O8، و 1.1 م عند 780 جزء في المليون U3O8 ضمن مدى 3.5 م عند 540 جزء في المليون U3O8. المشروع، الواقع على بعد 15 كم من مطحنة Smith Ranch التابعة لـ Cameco، مُهيأ لاستخراج اليورانيوم باستخدام الاسترداد في الموقع (ISR). ستستمر الحفريات حتى نوفمبر 2025، مع هدف إجراء تقييم موارد معدنية أولي بنهاية العام.
Snow Lake Resources（纳斯达克：LITM）宣布来自怀俄明州Powder River盆地的Pine Ridge铀矿项目的初步钻探结果，该项目与Global Uranium and Enrichment Limited以50/50的合资形式进行。公司完成了33口井，总计12,540米的钻探，发现了显著的铀矿化。
关键段落包括1.2米，U3O8含量为1,320 ppm，在更广的2.0米段内为920 ppm U3O8，以及1.1米，780 ppm U3O8在3.5米段内为540 ppm U3O8。该项目距离
- Strong initial drill results confirming multiple uranium mineralization zones
- Strategic location near Cameco's Smith Ranch Mill with 5.5Mlbs U3O8 annual capacity
- Ongoing drilling program through November 2025 with maiden resource estimate targeted by year-end
- Multiple high-grade intercepts including 1,320 ppm U3O8 over 1.2m
- Results are preliminary and require further drilling for resource definition
- Project is still in early exploration phase with no defined mineral resource yet
Insights
Strong initial uranium drill results from Snow Lake's Pine Ridge project indicate promising resource potential in Wyoming's Powder River Basin.
The initial drill results from Snow Lake's Pine Ridge Uranium Project represent a promising development for the company's uranium exploration efforts. With 33 completed holes totaling 12,540 meters, the program has identified several significant uranium intercepts that confirm the geological concept of multiple redox boundaries across numerous sand horizons—a key characteristic of roll-front uranium deposits that are amenable to in-situ recovery (ISR) mining.
The standout intercepts include 1.2m at 1,320 ppm U₃O₈ within a broader zone of 2.0m at 920 ppm, and 1.1m at 780 ppm U₃O₈ within 3.5m at 540 ppm. These grades are particularly encouraging for Wyoming-type ISR deposits, where economic extraction can occur at grades lower than conventional mining requires. The 200 ppm cutoff used for reporting is appropriate for potential ISR operations in this region.
The strategic location of Pine Ridge adds substantial value to these results. Situated in the prolific Powder River Basin—America's premier uranium district—and just 15km from Cameco's Smith Ranch Mill (with 5.5 million pounds annual capacity), the project benefits from proximity to established infrastructure. The neighboring presence of major uranium players like UEC and Cameco validates the area's prospectivity.
The company's systematic wide-spaced drilling approach (approximately 150m centers) demonstrates a methodical exploration strategy, with plans for follow-up infill drilling to better define the roll-front deposits. The continued drilling program through November 2025 and goal of establishing a maiden resource estimate by year-end indicates the company is executing a well-defined pathway toward resource development.
For uranium projects, establishing continuity of mineralization along redox boundaries is critical, and these initial results suggest favorable conditions exist at Pine Ridge for hosting economic uranium deposits amenable to the environmentally preferred ISR extraction method.
Winnipeg, Manitoba--(Newsfile Corp. - September 17, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces excellent initial drill results on its 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").
The Joint Venture has completed a total of 33 holes on Pine Ridge, for a total of 12,540m (41,140 ft) of drilling. The drilling has delivered encouraging intercepts including 1.1m at 780 ppm U3O8 within a broader interval of 3.5m at 540 ppm U3O8, and including 1.2m at 1,320 ppm U3O8 within a broader interval of 2.0m at 920 ppm U3O8.
Highlights
- Drill results from the first 33 drill holes confirm the strong potential of Pine Ridge
- Wide-spaced drilling focused on aggressively exploring near-surface roll front mineralisation, returned encouraging results, including:
- 2.0m at
0.092% (920 ppm) U3O8 from 314.8m in PR25-017, including- 1.2m at
0.132% (1,320 ppm) U3O8 from 315.0m
- 1.2m at
- 2.3m at
0.071% (710 ppm) U3O8 from 411.6m in PR25-008 including- 1.7m at
0.085% (850 ppm) U3O8 from 411.9m
- 1.7m at
- 1.4m at
0.035% (350 ppm) U3O8 from 237.3m in PR25-004 - 1.1m at
0.031% (310 ppm) U3O8 from 334.0m in PR25-005 - 2.1m at
0.034% (340 ppm) U3O8 from 348.1m in PR25-007 - 1.8m at
0.042% (420 ppm) U3O8 from 388.0 in PR25-009
- 3.5m at
0.054% (540 ppm) U3O8 from 321.3m in PR25-031, including- 1.1m at
0.078% (780 ppm) U3O8 from 321.4m
- 1.1m at
- 1.8m at
0.060% (600 ppm) U3O8 from 350.4m in PR25-023 including- 1.2m at
0.073% (730 ppm) U3O8 from 350.5m
- 1.2m at
- 4.0m at
0.035% (350 ppm) U3O8 from 315.3m in PR25-027 - 2.1m at
0.048% (480 ppm) U3O8 from 276.1m in PR25-033 - 1.4m at
0.046% (460 ppm) U3O8 from 378.6m in PR25-020
- 2.0m at
- Drilling is ongoing and is expected to continue through to the end of November 2025
CEO Remarks
"We are very pleased and encouraged with the initial drill results from our Pine Ridge uranium project in the Powder River Basin, Wyoming. The wide spaced drilling, designed to target roll-front uranium deposits, has confirmed the presence of redox boundaries and uranium mineralization, and continues to demonstrate the strong development potential of Pine Ridge. Our drill program will continue through the second half of 2025 as we target a maiden mineral resource estimate by year end," said Frank Wheatley, CEO of Snow Lake.
Figure 1
Drilling at the Pine Ridge Uranium Project in the Powder River Basin of Wyoming, USA.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9547/266678_3c46f297e4ab295b_001full.jpg
Drill Program
Ongoing results are very encouraging as they have confirmed and further defined the original concept of multiple redox boundaries that are hosted by numerous sand horizons. The drill program was designed to test high-priority areas that were outlined by historical drilling with drill centers of approximately 150m (500 ft.). Drill results will continue to be evaluated, and infill drilling will take place to further outline roll front deposits and develop an inferred mineral resource estimate.
Details of drill results and drill collars are set out in Schedule A.
Figure 2
Detailed map showing the locations and results of the first and second series of holes drilled at the Pine Ridge Project. Intervals reported at a cutoff of 200 ppm and a thickness of >0.3m.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9547/266678_3c46f297e4ab295b_002full.jpg
Pine 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
Pine Ridge Uranium Project and Adjacent Properties
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9547/266678_3c46f297e4ab295b_003full.jpg
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 | Follow us on Social Media Twitter: www.twitter.com/SnowLakeEnergy LinkedIn: www.linkedin.com/company/snow-lake-energy |
Schedule A
Drill results for the first 17 holes are shown in Table 1 below and the collar details are shown in Table 2.
| Hole-ID | From (m) | To (m) | Thickness (m) | Avg eU3O8% | U3O8 (ppm) | GxT (m%) |
| PR25-004 | 225.8 | 226.3 | 0.5 | 0.026 | 260 | 0.01 |
| and | 233.8 | 234.1 | 0.3 | 0.024 | 240 | 0.01 |
| and | 237.3 | 238.6 | 1.4 | 0.035 | 350 | 0.05 |
| PR25-005 | 331.8 | 332.1 | 0.3 | 0.021 | 210 | 0.01 |
| and | 334.0 | 335.1 | 1.1 | 0.031 | 310 | 0.03 |
| PR25-007 | 343.5 | 344.1 | 0.6 | 0.032 | 320 | 0.02 |
| and | 348.1 | 350.2 | 2.1 | 0.034 | 340 | 0.07 |
| and | 356.0 | 357.1 | 1.1 | 0.027 | 270 | 0.03 |
| and | 363.9 | 364.5 | 0.6 | 0.024 | 240 | 0.01 |
| PR25-008 | 411.6 | 413.9 | 2.3 | 0.071 | 710 | 0.16 |
| including | 411.9 | 413.6 | 1.7 | 0.085 | 850 | 0.14 |
| PR25-009 | 388.0 | 389.8 | 1.8 | 0.042 | 420 | 0.08 |
| PR25-013 | 397.6 | 398.0 | 0.5 | 0.024 | 240 | 0.01 |
| PR25-016 | 315.6 | 316.8 | 1.2 | 0.038 | 380 | 0.05 |
| and | 325.1 | 325.8 | 0.8 | 0.042 | 420 | 0.03 |
| PR25-017 | 311.3 | 311.6 | 0.3 | 0.024 | 240 | 0.01 |
| and | 314.8 | 316.8 | 2.0 | 0.092 | 920 | 0.18 |
| including | 315.0 | 316.2 | 1.2 | 0.132 | 1,320 | 0.16 |
Table 1: Uranium intercepts from the first seventeen completed holes. Minimum reported thicknesses are >0.3m and grade
| HoleID | Easting (83_13) | Northing (83_13) | Elev (m) | Azimuth (top of hole) | Dip (top of hole) | TD (m) |
| PR25-001 | 436976 | 4783201 | 1616 | 0 | -90 | 384 |
| PR25-002 | 436580 | 4783386 | 1625 | 0 | -90 | 219 |
| PR25-003 | 436586 | 4783544 | 1625 | 0 | -90 | 244 |
| PR25-004 | 436929 | 4783715 | 1624 | 0 | -90 | 378 |
| PR25-005 | 436943 | 4783573 | 1620 | 0 | -90 | 378 |
| PR25-006 | 437090 | 4783559 | 1625 | 0 | -90 | 378 |
| PR25-007 | 437091 | 4783711 | 1633 | 0 | -90 | 378 |
| PR25-008 | 437344 | 4784949 | 1673 | 0 | -90 | 427 |
| PR25-009 | 437357 | 4785097 | 1695 | 0 | -90 | 427 |
| PR25-010 | 437341 | 4785411 | 1687 | 0 | -90 | 427 |
| PR25-011 | 437486 | 4785544 | 1692 | 0 | -90 | 427 |
| PR25-012 | 437487 | 4785406 | 1693 | 0 | -90 | 427 |
| PR25-013 | 437490 | 4785110 | 1691 | 0 | -90 | 427 |
| PR25-014 | 437491 | 4784957 | 1672 | 0 | -90 | 445 |
| PR25-015 | 437638 | 4785107 | 1677 | 0 | -90 | 445 |
| PR25-016 | 437646 | 4785405 | 1697 | 0 | -90 | 445 |
| PR25-017 | 437646 | 4785548 | 1685 | 0 | -90 | 445 |
Table 2: Drill collar details for drillholes.
Drill results for the next 16 holes are shown in Table 3 below and the collar details are shown in Table 4.
| Hole ID | From (m) | To (m) | Thickness (m) | Avg eU3O8 (%) | U3O8 (ppm) | GxT (m%) |
| PR25-019 | 367.0 | 367.7 | 0.8 | 0.038 | 380 | 0.03 |
| PR25-020 including | 378.6 | 379.9 | 1.4 | 0.046 | 460 | 0.06 |
| 378.9 | 379.6 | 0.8 | 0.055 | 550 | 0.04 | |
| PR25-021 | 394.9 | 396.7 | 1.8 | 0.027 | 270 | 0.05 |
| PR25-023 including | 350.4 | 352.2 | 1.8 | 0.060 | 600 | 0.11 |
| 350.5 | 351.7 | 1.2 | 0.073 | 730 | 0.09 | |
| PR25-024 and including | 318.1 | 319.1 | 1.1 | 0.050 | 500 | 0.05 |
| 330.6 | 332.4 | 1.8 | 0.049 | 490 | 0.09 | |
| 331.0 | 331.9 | 0.9 | 0.065 | 650 | 0.06 | |
| PR25-027 | 315.3 | 319.3 | 4.0 | 0.035 | 350 | 0.14 |
| PR25-029 and | 347.2 | 348.2 | 1.1 | 0.039 | 390 | 0.04 |
| 351.9 | 352.3 | 0.5 | 0.037 | 370 | 0.02 | |
| PR25-031 including including | 321.3 | 324.8 | 3.5 | 0.054 | 540 | 0.19 |
| 321.4 | 322.5 | 1.1 | 0.078 | 780 | 0.08 | |
| 323.5 | 324.2 | 0.6 | 0.055 | 550 | 0.03 | |
| PR25-033 and including | 267.0 | 268.2 | 1.2 | 0.035 | 350 | 0.04 |
| 276.1 | 278.3 | 2.1 | 0.048 | 480 | 0.10 | |
| 277.4 | 278.0 | 0.6 | 0.054 | 540 | 0.03 |
Table 3: 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) | Azimuth (top of hole) | Dip (top of hole) | TD (m) |
| PR25-018 | 437651 | 4785689 | 1677 | 0 | -90 | 445 |
| PR25-019 | 437487 | 4785476 | 1699 | 0 | -90 | 445 |
| PR25-020 | 437354 | 4785171 | 1688 | 0 | -90 | 445 |
| PR25-021 | 437324 | 4784817 | 1658 | 0 | -90 | 427 |
| PR25-022 | 437259 | 4783872 | 1649 | 0 | -90 | 396 |
| PR25-023 | 437027 | 4783631 | 1633 | 0 | -90 | 378 |
| PR25-024 | 436973 | 4783413 | 1618 | 0 | -90 | 378 |
| PR25-025 | 436903 | 4783304 | 1618 | 0 | -90 | 360 |
| PR25-026 | 436903 | 4783194 | 1618 | 0 | -90 | 360 |
| PR25-027 | 436988 | 4783411 | 1618 | 0 | -90 | 360 |
| PR25-028 | 436576 | 4783237 | 1628 | 0 | -90 | 250 |
| PR25-029 | 437260 | 4784022 | 1648 | 0 | -90 | 396 |
| PR25-030 | 437325 | 4784660 | 1656 | 0 | -90 | 415 |
| PR25-031 | 436668 | 4782622 | 1657 | 0 | -90 | 384 |
| PR25-032 | 436670 | 4782773 | 1641 | 0 | -90 | 37 |
| PR25-033 | 436974 | 4783042 | 1617 | 0 | -90 | 366 |
Table 4: Drill collar details for drillholes
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FAQ
What are the key uranium drill results from Snow Lake Resources' (LITM) Pine Ridge Project?
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How many drill holes has LITM completed at the Pine Ridge Uranium Project?
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