{"id":9980,"date":"2024-05-22T01:54:27","date_gmt":"2024-05-22T01:54:27","guid":{"rendered":"https:\/\/economicherald.net\/?p=9980"},"modified":"2024-05-22T01:54:27","modified_gmt":"2024-05-22T01:54:27","slug":"koba-delves-deeper-into-canadian-yellowcake-territory-with-huge-uranium-project-expansion","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=9980","title":{"rendered":"Koba delves deeper into Canadian yellowcake territory with huge uranium project expansion"},"content":{"rendered":"<p>Koba Resources expands search for uranium in eastern Canada by acquiring adjacent mining claims, significantly increasing its landholding<br \/>\nThe Harrier project comes with historical exploration data showing high-grade uranium mineralisation<br \/>\nDespite being underexplored, the project has yielded impressive rock chip sampling results<br \/>\nKoba Resources plans to initiate field work in June, focusing on prospecting, mapping, and geochemical sampling<\/p>\n<p>\u00a0\u00a0<\/p>\n<p><strong><em>Special Report: <\/em>Uranium-focused Koba Resources (ASX:KOB) has significantly widened its search for the energy metal in eastern Canada, expanding its high-grade Harrier project by grabbing hold of adjacent mining claims. <\/strong><\/p>\n<p>Koba Resources has upped the ante on its Canadian yellowcake search.<\/p>\n<p>The company has now staked the strike extensions to its Harrier uranium project in Newfoundland and Labrador, securing a 100% interest in an additional <em>358km2<\/em> of adjacent mining claims.<\/p>\n<p>That now sees Harrier cover 489km2 within a heavily under-explored world-class uranium district that hosts numerous deposits, including 127.7mlbs of U3O8 at the Michelin uranium project owned by Paladin Energy.<\/p>\n<p>This expansion, says the company, will greatly increase the chances of discovering large, high-grade uranium deposits.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Underexplored and high grade<\/strong><\/h2>\n<p>Koba only acquired the Harrier project just last month and has reasons to be excited about it beyond the Michelin \u2018nearology\u2019 factor.<\/p>\n<p>Historical exploration has proven that high-grade uranium mineralisation is widespread across the project with rock chip sampling returning +1% U3O8 from nine different prospects, three of which have never been drilled.<\/p>\n<p>Top samples are 5.83% U3O8 at the Moran Heights prospect, 5.08% U3O8 at Fish Hawk North and 4.86% at Brook. Those are super grades. The average uranium deposit mined globally have grades in the order of 0.2% U3O8.<\/p>\n<p>Despite this prospectivity, the project is heavily underexplored with just 89 holes totalling 9834m drilled across its grounds.<\/p>\n<p>\u00a0<\/p>\n<p>Source: Koba Resources<\/p>\n<p>\u00a0<\/p>\n<h2><strong>\u2018Enormous potential\u2019<\/strong><\/h2>\n<p>Regarding the expansion, MD Ben Vallerine reiterated this morning Harrier\u2019s \u201cenormous potential\u201d, noting:<\/p>\n<p>\u201cWe have now staked new claims to cover the strike extensions of the geological trends that host these high-priority prospects. We have nearly quadrupled our landholding to 489km2.\u201d<\/p>\n<p>\u201cThis project is located only 50km west of one of the largest uranium resources in North America <em>[the aforementioned Michelin],<\/em> so with high grades and large deposits, this area is exceptionally prospective.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Field work to kick off next month<\/strong><\/h2>\n<p>Vallerine added that Koba\u2019s chief focus remains on its Yarramba uranium project in South Australia, where drilling is set to commence during June.<\/p>\n<p>That said, it doesn\u2019t diminish the company\u2019s excitement for its Canadian hunt.<\/p>\n<p>\u201cWe will also commence an initial reconnaissance exploration program at the Harrier project in the coming weeks, to begin evaluating our higher-priority prospects so we can start advancing these to drill-ready stage,\u201d he added.<\/p>\n<p>Koba\u2019s inaugural field program will kick off in early June. The program will include prospecting, mapping and geochemical sampling.<\/p>\n<p>More than 25 target areas have been earmarked for exploration around the project\u2019s nine prospects.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Koba Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/koba-delves-deeper-into-canadian-yellowcake-territory-with-huge-uranium-project-expansion\/\">Koba delves deeper into Canadian yellowcake territory with huge uranium project expansion<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Koba Resources expands search for uranium in eastern Canada by acquiring adjacent mining claims, significantly increasing its landholding The Harrier project comes with historical exploration <a href=\"https:\/\/economicherald.net\/?p=9980\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":9981,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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