92 Energy (ASX:92E) - Managing Director, Siobhan Lancaster
Managing Director, Siobhan Lancaster
Source: 92 Energy
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 92 Energy (92E) receives the final uranium results from the winter drill program at the Gemini project in Canada
  • The winter drilling program began in February to follow up on the uranium discovery made during 92 Energy’s initial drill program at the Gemini Mineralised Zone
  • Drilling was completed in April and of the 12 holes drilled, nine intersected uranium mineralisation with new grades peaking at 0.78 per cent uranium oxide
  • The summer drilling program is currently underway at Gemini with updates to be made as work progresses
  • Shares in 92 Energy have ended the day trading steady at 42 cents each

92 Energy (92E) has received the final uranium results from the winter drill program at the Gemini project in Canada.

The winter drilling program began in February to follow up on the uranium discovery made during 92 Energy’s initial drill program at the Gemini Mineralised Zone (GMZ).

A second rig focused on other high-priority targets which included a 1.8-kilometre-long trend north of the GMZ and previous drill locations at Camp West and Wilfried.

Drilling was completed in April and of the 12 holes drilled, nine intersected uranium mineralisation.

The samples were then submitted to the SRC Geoanalytical laboratory in Saskatoon, Saskatchewan.

Best results come from GEM22-006 which intersected 0.25 per cent uranium oxide between 229 and 237 metres and 0.14 per cent uranium oxide between 239.5 and 244.5 metres including 0.78 per cent uranium oxide between 233.5 and 234.5 metres.

Results also came from GEM22-013 which intersected 0.17 per cent uranium oxide between 160.5 and 163 metres.

“We continue to vector in on a significant new discovery at the GMZ, with results reported
during the ongoing summer 2022 drill program returning thicker and higher grade
mineralisation,” Managing Director Siobhan Lancaster said,

The summer drilling program is currently underway at Gemini with updates to be made as work progresses.

Shares in 92 Energy ended the day trading steady at 42 cents each.

92E by the numbers
More From The Market Herald
The Market Herald Video

" Woomera Mining (ASX:WML) appoints Jason Livingstone as new Managing Director

Mineral explorer Woomera Mining (ASX:WML) has appointed Jason Livingstone as its new Managing Director, effective from…
The Market Herald Video

" Security Matters (ASX:SMX) enters into $2m standby equity facility

Security Matters (ASX:SMX) has entered into a standby equity deed with Evolution Capital.
The Market Herald Video

" Ora Gold (ASX:OAU) obtains unsecured $500k loan facility

Ora Gold (ASX:OAU) has obtained an unsecured $500,000 loan facility from Ioma to assist with general…
Baby Bunting (ASX:BBN) - Chair and Non Executive Director, Melanie Wilson

" Baby Bunting (ASX:BBN) surpasses $500m sales for the first time

Baby goods retailer Baby Bunting (ASX:BBN) surpasses half a billion dollars in sales for the first…