- 92 Energy (92E) has identified several conductive features within its Gemini project in Canada in its bid to define potential drill targets
- The explorer is close to wrapping up an airborne electromagnetic survey at the project with the results hoped to fuel an upcoming drill programme
- 92E said the survey has identified several conductive features in the southern part of the Gemini project, with 1299 line kilometres flown so far at the site
- Data from the survey have been sent to geophysicists in Western Australia to identify features with a potential for high-grade unconformity-type uranium
- 92 Energy shares were down 4.84 per cent and trading at 29.5 cents
92 Energy (92E) has identified several conductive features within its Gemini project in Canada in its bid to define potential drill targets.
The explorer is at the tail end of an airborne electromagnetic survey at the project in Canada’s Athabasca Basin, with 1299 line kilometres flown so far at the site.
Broadly, the survey objectives is hoped to map conductive graphitic rocks with a potential for high-grade unconformity-type uranium and define drill targets ahead of a programme flagged for early July.
So far, 92E said the survey has identified several conductive features in the southern part of the Gemini project similar to previously reported lake and muskeg geochemical anomalies.
Preliminary data from the southern portion of Gemini are with the company’s consulting geophysicists, Southern Geoscience Consultants in Western Australia, in a bid to identify features indicative of graphitic host-rocks.
92 Energy Chief Executive Officer Siobhan Lancaster said the preliminary results from the survey were very positive at this stage.
“While further detailed assessment is required to confirm the nature of these conductive features, the preliminary results from this survey are very positive and will assist us with the development of our drill targets for the upcoming drill program at Gemini,” she said.
“With the drill bit due to start turning in early July 2021, we look forward to seeing the final results of our program and drill testing the high priority targets.”
92 Energy shares were down 4.84 per cent and trading at 29.5 cents at 12:15 pm AEST.