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Dixie Gold Inc.: 6,000m+ Drill Program Commences at the Preston Uranium Project JV; Updates Other Portfolio Projects
(TheNewswire) Vancouver, British Columbia – TheNewswire - June 25, 2025 ...
About this update from Dixie Gold Inc.
[{"type":"text","content":"Dixie Gold Inc.: 6,000m+ Drill Program Commences at the Preston Uranium Project JV; Updates Other Portfolio Projects\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n June 25, 2025 – Dixie Gold Inc.\n \n\n (TSX VENTURE: DG)(“\n \n\n Dixie Gold\n \n\n ” or the\n“\n \n\n Corporation”\n \n\n or the\n \n\n “Issuer”)\n \n\n is pleased to provide a further\nupdate to its prior disclosures related to the Preston Uranium Project\nJV. The Corporation reports that as of June 20, 2025 it has received\nconfirmation that the planned 6,000m to 7,000m summer 2025 drill\nprogram at the Preston Uranium Project JV has commenced, with the\ndrill program being managed by the project’s operator, Orano Canada\nInc. (the “Operator”). The Preston Uranium Project JV is a\ntripartite joint-venture among Orano Canada Inc., Skyharbour Resources\nLtd. and Dixie Gold. The drilling underway at the Preston Uranium\nProject JV - in which Dixie Gold is a management committee member of\nand minority JV interest holder in - is expected to drill test\nmultiple high-priority uranium targets during this summer. As\nbackground, the Preston Uranium Project JV holds project area of\napproximately 49,635 ha, including dispositions that are adjacent to\nNexGen Energy Ltd.’s Rook-1 project\n \n\n\n\n Consistent with the Issuer’s prior guidance, the\ncurrent drill program has a planned all-in budget of approx.\nC$3,500,000.\n \n\n\n\n Figure 1 – Disposition Map of the\nPreston Uranium Project JV\n \n\n\n\n\n\n\n\n Click Image To View Full Size\n \n\n\n\n Parties with an interest in the Preston Uranium Project\nare also referred to the recent news release - in which the Issuer is\nnamed - by Skyharbour Resources Ltd. (see Skyharbour Resources Ltd.\nnews release, Skyharbour and JV Partner Orano to Commence Extensive\n \n\n Summer 2025 Drilling Program at Preston Uranium\nProject, dated May, 15, 2025). Skyharbour Resources Ltd. was the\nIssuer’s first project co-partner as relates to the Preston Uranium\nProject, with Orano Canada Inc. later completing its earn-in to form\nthe joint venture (see Dixie Gold news release, Orano Canada Inc.\nCompletes First Earn-In Option and Forms Joint Venture with Dixie Gold\nIn...