Nuclear Fuels Intersects .233% U3O8 in initial drilling at Spur zone Kaycee Project, Wyoming
- None.
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Spur zone located 2 miles along trend from Saddle Zone
A total of 89 holes were completed during the 2023 drill program. Planning is well advanced for the much larger 2024 drill program expected to commence in early Q2-2024.
- Spur Zone mineralization was intersected on trend 2 miles northwest of the Saddle Zone with hole SR23-002 returning 3.5 feet of
0.141% U3O8 from a depth of 415.5 feet and 4.5 feet of 0.223% U3O8 from a depth of 422.0 feet for a combined GT of 1.543. (Grade Thickness or GT is the thickness times the grade; GTs in excess of 0.25 are considered suitable for inclusion in a potential wellfield.) - Holes SR23-001 and SR23-006 both returned impressive GTs of 0.912 and 0.630 respectively from similar depths.
- Permitting is ongoing to:
- Expand the area under the Drill Notice with Wyoming Department of Environmental Quality, and
- Expand the permitted number of drill holes in that program to a minimum of 600 holes in the 2024 drill season.
Michael Collins, Chief Executive Officer, stated: "Drilling 2023 validated and expanded on the robust nature of
Table of Significant Results
Drill Hole ID | From (ft) | Thickness (ft) | % Grade U3O8 | GT (grade x | Total Hole |
SD23_079 | 247.5 | 1.5 | 0.036 | 0.054 | |
SD23_080 | 262.5 | 4.5 | 0.071 | 0.320 | |
SD23_081C | 277.0 | 6.0 | 0.081 | 0.486 | |
SR23_001 | 401.5 | 5.5 | 0.141 | 0.776 | |
SR23_001 | 413.5 | 2.0 | 0.068 | 0.136 | 0.912 |
SR23_002 | 415.5 | 3.5 | 0.141 | 0.494 | |
SR23_002 | 422.0 | 4.5 | 0.233 | 1.049 | 1.543 |
SR23_003 | 389.0 | 2.5 | 0.052 | 0.130 | |
SR23_004 | 364.5 | 1.5 | 0.032 | 0.048 | |
SR23_006 | 416.0 | 3.0 | 0.117 | 0.351 | |
SR23_006 | 432.5 | 3.0 | 0.093 | 0.279 | 0.630 |
Drill holes are reported that returned significant zones of uranium mineralization with >2 ft thickness at or above a grade cut-off of 0.02 per cent eU3O8 or that are relevant to exploration targeting. (1) %U3O8 by Gamma logging is a measure of gamma intensity from a decay product of uranium. Gamma log assays may be in disequilibrium with ICP-MS assays. Comparisons of U3O8 Gamma log and ICP-MS assays of |
To view the
Kaycee Uranium Project,
The Kaycee Project in
Nuclear Fuels acquired the Kaycee Project from enCore Energy Corp., which retains a back-in right for
The technical content of this news release has been reviewed and approved by Mark Travis, CPG., a contractor to the Company, and a Qualified Person as defined in National Instrument 43-101.
Drill holes are completed by Single Water Services using a rotary drill rig. Chip samples are collected for lithological logging every five feet. Century Geophysics of Tusla Oklahoma is contracted to conduct downhole gamma ray, resistivity, spontaneous potential, and deviation. Century Geophysics calibrates it's downhole tools in the US Department of Energy uranium logging Test pits in
About Nuclear Fuels Inc.
Nuclear Fuels Inc. is committed to aggressive exploration of district-scale In-Situ Recovery ("ISR") uranium projects in proven and prolific jurisdictions. Focused on its priority Kaycee Project, located in
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to planned exploration programs and the results of additional exploration work in seeking to establish mineral resources as defined in NI43-101 on any of our properties. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with the completing planned exploration programs and the results of those programs; the ability to access additional capital to fund planned and future operations; regulatory risks including exploration permitting; risks associated with title to our mineral projects; the ability of the company to implement its business strategies; and other risks including risks contained in documents available for review at www.sedar.com under the Company's profile. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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