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Uranium Energy Intersects 6.28% eU3O8 Over 2.9 metres in 25 metre Step Out from Roughrider East Zone Deposit
Metallurgical drill hole intersects 3.16% eU3O8 over 43.4 metres with sub-intervals that grade 4.05% eU3O8 over 12.6 metres and 3.81% eU3O8 over 21.6 metres COR
About this update from Uranium Energy Corp.
[{"type":"text","content":" Metallurgical drill hole intersects 3.16% eU3O8 over 43.4 metres with sub-intervals that grade 4.05% eU3O8 over 12.6 metres and 3.81% eU3O8 over 21.6 metres CORPUS CHRISTI, Texas, Jan. 31, 2024 /CNW/ - Uranium Energy Corp (NYSE American: UEC), the \"Company\" or \"UEC\") is pleased to report drill results from its Roughrider Project located in Northern Saskatchewan, Canada. Both exploration and metallurgical sample drilling have been successful at intersecting uranium mineralization. Exploration drilling extends potential of East Zone deposit: UEC commenced a drill program at Roughrider in November 2023 with the dual purpose of exploring for additional resources on the property and for collecting metallurgical samples in the existing resource areas to support future economic studies. Discovery of new high-grade vein hosted mineralization in hole RR-889 grading 6.29% eU3O8 over 2.9 metres (\"m\") ~25 m west of the East Zone deposit (\"East Zone\"): The mineralization is consistent with the grades and thicknesses of the East Zone and provides targets for resource expansion. Metallurgical drill program at Roughrider completed: UEC has completed four metallurgical holes that intersected grades and thicknesses of uranium mineralization consistent with the resource models of the three zones, the best result being hole RR-879, drilled through the East Zone, which graded 3.16% eU3O8 over 43.4 m with sub-intervals grading 4.05% eU3O8 over 12.6 m and 3.81% eU3O8 over 21.6 m (Table 1). Roughrider next steps: UEC plans to drill an additional 20 holes comprising about 9,000 m this winter to identify new areas of uranium mineralization. The current resource estimate includes 27.8 million lb U3O8 comprising 389,000 tonnes grading 3.25% U3O8 in the Indicated category and 36.0 million lb U3O8 comprising 359,000 tonnes grading 4.55% U3O8 in the Inferred category1. Chris Hamel, Vice President Exploration, Canada stated: \"Roughrider is a world-class project with untapped potential for resource expansion and we're pleased to confirm this with the discovery of high-grade mineralization between the East and West Zone deposits. The drilling program will continue through the winter and focus on exploration for additional uranium that is outside the existing mineralized zones. Additionally, our metallurgical drilling has also confirmed the high-gr...