- 92 Energy (92E) records its strongest interval of radioactivity to date at its Gemini project in the Athabasca Basin, Canada
- Core from the second drill hole at the Gemini Mineralisation Zone measured a 47-metre-wide zone of continuous radioactivity of more than 300 counts per second (cps)
- Radioactivity levels peaked at 26,100 cps and the drill core represents the thickest and highest interval of radioactivity intersected at the GMZ
- Drilling is still in progress, but the company plans to undertake “aggressive” follow-up drilling along strike to the northwest and southeast, and up-dip to the southwest
- Shares in 92 Energy were down 5.66 per cent to $0.50 as of 10:35 am AEST
92 Energy (92E) has recorded its strongest interval of radioactivity to date at its Gemini project in the Athabasca Basin, Canada.
While drilling GEM22-025, the second hole of its summer campaign across the Gemini Mineralisation Zone (GMZ), 92E intersected a broad zone of “intense radioactivity” to the southwest of previous drilling.
Core from the drill hole was measured using a handheld scintillometer which showed continuous radioactivity at more than 300 counts per second (cps) over 47 metres, including 2.3 metres of composite radioactivity at more than 10,000 cps.
The maximum radioactivity recorded was 26,100 cps which represents the highest level of radioactivity encountered at the GMZ.
Overall, 92E said drill hole GEM22-025 amounts to the thickest and highest interval of elevated radioactivity intersected at the GMZ to date.
This is an improvement from the previous best core reading of 7860 cps from drill hole GEM-22-022 which was drilled during the company’s winter program and returned 17 metres at 0.38 per cent uranium, as well as a one-metre interval averaging just over 1 per cent uranium.
Drilling remains ongoing, with GEM22-025 currently at 254 metres in depth. However, 92E plans to undertake “aggressive” follow up drilling along strike to the northwest and southeast, and up-dip to the southwest.
Shares in 92 Energy were down 5.66 per cent to $0.50 as of 10:35 am AEST.