Total
0
Shares
92 Energy (ASX:92E) - Chairman, Richard Pearce
Chairman, Richard Pearce
Source: 92 Energy
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 92 Energy (92E) identifies multiple prospective conductors at two projects within Canada’s Athabasca Basin
  • The company has completed a survey at the Tower and northern part of the Gemini projects which outlined two bedrock conductors over each project
  • 92 Energy is waiting to receive final geophysical data and will use the results to conduct drilling
  • 92E also appoints current consultant Steven Blower as interim Vice President for Exploration while Exploration Manager Andy Wilde is leaving his role
  • Company shares are up 8.7 per cent to trade at 25 cents at 2:12 pm AEST

92 Energy (92E) has completed a survey over the Gemini and Tower projects in the Athabasca Basin in Canada.

The versatile time domain electromagnetic (VTEM) survey aimed to map conductive graphitic rocks that may host high-grade, unconformity-type uranium. It also aimed to define targets for future drilling.

Preliminary results have identified two prospective conductors at the Tower Project and two on the northern part of the Gemini Project.

These initial observations support previous results from the southern portion of Gemini which also outlined prospective conductors — some of which are currently being drilled.

While final geophysical data is yet to be processed and received, identifying multiple prospective conductors shows the prospective nature of Tower and the northern portion of Gemini.

Once the company has received the final data, it will define targets for drilling.

92 Energy has also announced it is expanding its management team. As part of this, current exploration and geology consultant, Steven Blower, has been appointed interim Vice President for Exploration.

Exploration Manager Andy Wilde, is departing the role but will continue providing consulting services throughout the remainder of this season’s drill program.

Company shares are up 8.7 per cent to trade at 25 cents at 2:12 pm AEST.

92E by the numbers
More From The Market Herald

" R3D Resources (ASX:R3D) appoints Mathew Hancock as Plant Manager

R3D Resources (R3D) has appointed Mathew Hancock as the Plant Manager of the Tartana Copper Sulphate Plant.
Alicanto Minerals (ASX:AQI) - Managing Director, Peter George

" Historical drilling highlights potential at Alicanto Minerals’ (ASX:AQI) Sala project

Newly released historical drilling results have identified a new zone at Alicanto Minerals’ (AQI) Sala silver project in Sweden.
Andromeda Metals (ASX:ADN) - Managing Director, James Marsh

" Andromeda Metals (ASX:ADN) shares dip on quarterly update

Andromeda Metals’ (ADN) shares have dipped into the red following an update from the company on its activities during the three months to
Grange Resources (ASX:GRR) - Executive Director and CEO, Honglin Zhao

" Grange Resources’ (ASX:GRR) quarterly sales dip as iron ore price tumbles

Grange Resources (GRR) has reported a decrease in quarterly sales revenue on the back of sinking iron ore prices.