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Basin Energy (ASX:BSN) has this week expanded the boundaries of its Geikie Uranium Project in Canada, adding two more claims whose land is contiguous to an exciting and recently drilled prospect.
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The new claims now under Basin’s umbrella – MC00022218 and MC00022219 – span 22.3 square kilometres and abut the Preston Creek prospect.
Drilling has already been run at Preston Creek, with 2024 results identifying a large-scale
hydrothermal system in a complex structural corridor containing uranium anomalism.
Of the geophysical anomaly, 1.5 kilometres extends into the newly staked claims.
Managing director Pete Moorhouse said the company was pleased to have made these claims. “[Last year’s] drilling at Preston Creek highlighted a spectacular structure-related alteration system with uranium anomalism.”
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“This 1.5 km strike gravity anomaly, which remains untested to the northeast into the newly staked claims exhibits all the key elements typically found in basement-hosted high-grade uranium mineralisation. Securing the tenures contiguous to this system is a fantastic addition to the Geikie project.”
Basin has been trading at 1.5 cents heading into Wednesday.
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