- Basin Uranium (NCLR) intersected significant mineralization from the three-hole Phase 2 drill program at its Mann Lake project
- A total of 6,279 metres of diamond drilling was completed on the property during the 2022 season
- Drilling continued to intersect notable pathfinder elements (boron, cobalt, copper, nickel, and lead), which provides for vectoring toward uranium mineralization
- Basin Uranium Corp. (NCLR) is down 6.90 per cent, trading at C$0.135 per share at 10:45 am ET
Basin Uranium (NCLR) intersected significant mineralization from the three-hole Phase 2 drill program at its Mann Lake project.
A total of 6,279 metres of diamond drilling was completed on the property during the 2022 season.
Drilling continued to intersect notable pathfinder elements (boron, cobalt, copper, nickel, and lead), which provides for vectoring towards uranium mineralization since it is often associated with Athabasca Basin unconformity-style mineralization.
MN22-0007 intersected the unconformity at 671.8 metres and returned anomalous boron (dravite) and uranium mineralization at and above the unconformity. Significant polymetallic mineralization was intersected below this unconformity.
The first hole, MN22-006, was wedged and re-started at 572 metres, serving as a follow-up hole that was drilled during Phase 1 and hosted prospective uranium mineralization. The following two holes, MN22-007 and MN22-008, targeted the southeastern portion of the tenure, which had previously been untested. Significant boron mineralization was also encountered in the hole. This southeastern zone was drilled to test a strongly interpreted basement conductor that was situated on a magnetic low and on the border of a gravity low anomaly which is interpreted as a basement fault structure.
Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company owns the Wray Mesa project in Utah, which has seen significant historic uranium and vanadium exploration, as well as Mann Lake in the Athabasca Basin.
Basin Uranium Corp. (NCLR) is down 6.90 per cent, trading at C$0.135 per share at 10:45 am ET.