{"id":5797,"date":"2024-02-13T19:10:58","date_gmt":"2024-02-13T19:10:58","guid":{"rendered":"https:\/\/economicherald.net\/?p=5797"},"modified":"2024-02-13T19:10:58","modified_gmt":"2024-02-13T19:10:58","slug":"no-shortage-of-uranium-targets-basin-energy-readies-for-drilling-at-geikie-in-canadas-athabasca-basin","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=5797","title":{"rendered":"\u2018No shortage of uranium targets\u2019: Basin Energy readies for drilling at Geikie in Canada\u2019s Athabasca Basin"},"content":{"rendered":"

Uranium exploration drilling at Basin Energy\u2019s Geikie project has commenced
\nHigh priority shallow structural targets with gravity anomalies have been identified across Geikie and will be followed up
\nBasin Energy will then head to Hunter North to hit the first of its regional targets in Canada\u2019s Athabasca Basin<\/p>\n

\u00a0<\/p>\n

Special Report:<\/em> Basin Energy\u2019s exploration and drilling teams have arrived on site at the Geikie project in Canada\u2019s Athabasca Basin to begin Phase 2 drilling of up to 2,500m for a minimum of eight drill holes. <\/strong><\/p>\n

Basin Energy (ASX:BSN)<\/a> has embarked on its second round of drilling at Geikie, following up on the maiden round of work in August last year which discovered uranium mineralisation up to 0.27%.<\/p>\n

These hits were made in proximity to two regionally significant structures at Aero Lake and Preston Creek, accompanied by extensive hydrothermal alteration characteristics of large uranium mineralising systems in the world-class Athabasca Basin.<\/p>\n

Modelling and integration of a recently completed airborne gravity survey has since provided a series of high priority targets that BSN says warrants a new phase of drill testing.<\/p>\n

\u00a0<\/p>\n

\u2018Tantalising targets\u2019 <\/strong><\/h2>\n

The first two holes of 2024 will follow up these drilling assays where key ingredients of a potential basement-hosted, high-grade uranium deposit were identified.<\/p>\n

\u201cThese observations combined with the subsequently acquired airborne gravity results leave us with some tantalising targets,\u201d BSN Managing Director Pete Moorhouse says.<\/p>\n

\u201cFollowing this we will be heading to Hunter North to hit the first of our regional targets of 2024.<\/p>\n

\u201cMeanwhile, elsewhere in the Athabasca Basin the ground crews have been making fantastic progress on our North Millennium and Marshall geophysical surveys. We eagerly await these results and will update the market as soon as possible.<\/p>\n

\u201cWe have no shortage of high-quality uranium targets in the world\u2019s premier uranium district, which leaves us in an enviable position as interest in the uranium sector continues to build.\u201d<\/p>\n

\u00a0<\/p>\n

Key drilling details <\/strong><\/h2>\n

The 2,500m program will take up to six weeks to complete.<\/p>\n

Drilling will be split between direct follow-up of targets associated with gravity lows adjacent to the anomalism identified in the maiden drilling campaign, along with regional exploration targets at the Hunter North and Johnson Lake prospects.<\/p>\n

The latter were derived from the integration of high-resolution airborne radiometric, magnetic, electromagnetic and gravity data with geochemical sampling, structural mapping and critical observations from Phase 1 works.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

This article was developed in collaboration with Basin Energy, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post \u2018No shortage of uranium targets\u2019: Basin Energy readies for drilling at Geikie in Canada\u2019s Athabasca Basin<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Uranium exploration drilling at Basin Energy\u2019s Geikie project has commenced High priority shallow structural targets with gravity anomalies have been identified across Geikie and will [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":5798,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\n\u2018No shortage of uranium targets\u2019: Basin Energy readies for drilling at Geikie in Canada\u2019s Athabasca Basin - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=5797\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018No shortage of uranium targets\u2019: Basin Energy readies for drilling at Geikie in Canada\u2019s Athabasca Basin - 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