- Aurora Energy Metals (1AE) logs “promising” uranium results in the first round of drilling at its namesake project in southeast Oregon, US
- While assays are pending for the reverse circulation and diamond drilling samples, geophysical logging of the holes returned 5.6 metres at 370 ppm uranium oxide
- Additionally, one hole drilled with a diamond tail delivered intercepts from outside the defined mineral resource envelope
- Drilling has wrapped up for the year, and the assay results are expected in the first quarter of the new year
- Shares in Aurora are down 5.71 per cent to 16.5 cents at 10:41 am AEDT
Aurora Energy Metals (1AE) has logged “promising” uranium results in the first round of drilling at its namesake project in southeast Oregon, US.
The company drilled sixteen vertical and one angled hole during its maiden program, which was made up of 12 reverse circulation and five diamond drill holes.
The holes were geophysically logged and one closest to a historical drill hole returned 5.6 metres at 370 parts per million (ppm) uranium oxide from 99.5 metres.
Another hole drilled with a diamond tail delivered intercepts outside the defined mineral resource envelope, including 8.5 metres at 470 parts per million uranium oxide from 164 metres downhole.
Aurora’s Managing Director Greg Cochran said the core could be used for further uranium metallurgical testwork, and potentially the first stage of lithium analysis.
This round of drilling tested for extensions to the northwest of the Aurora uranium deposit as well as areas interpreted to host deeper lakebed sediments prospective for hosting lithium.
All the drill samples have been sent for chemical analysis and results are due in the first quarter of the new year.
Shares in Aurora are down 5.71 per cent to 16.5 cents at 10:41 am AEDT.