The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Ashburton Drilling Programme Delivers Further Significant Uranium Intersections

by admin November 14, 2024
November 14, 2024
Ashburton Drilling Programme Delivers Further Significant Uranium Intersections

Piche Resources Limited (ASX: PR2) (“Piche” or the “Company”) is pleased to announce the final results from its recently completed reverse circulation and diamond drilling programme at the Ashburton uranium project in Western Australia.

HIGHLIGHTS

  • The final hole of the Ashburton drilling programme, ADD006 has returned additional high grade uranium results and include:
    • 1.32m @ 792 ppm eU3O8 from 86.52m
    • 7.86m @ 2,266 ppm eU3O8 from 105.42m incl. 3.62m @ 3,763 ppm eU3O8 from 105.76m
    • 3.22m @ 617 ppm eU3O8 from 116.58m
    • 3.33m @ 1,394 ppm eU3O8 from 132.38m
  • The drilling programme has been successfully completed with a combined total of 3,082.8m of reverse circulation and diamond drilling.
  • The drilling programme has exceeded expectations, achieving all primary objectives.
  • A comprehensive geological interpretation incorporating both current and historical drill data will be completed ahead of the next phase of drilling.

The drilling campaign has successfully met all objectives, confirming historical results, testing a revised structural model for mineralisation, and identifying opportunities for expanding the known mineralisation. The results to date have exceeded expectation.

Drilling Overview: the drilling programme involved the completion of 19 holes, with a combined total of 3,082.8 metres (1,776 meters of reverse circulation and 1,306.8 meters of diamond drilling). Full results for all drill holes are presented in Table 1, with drill hole details in Table 2. Drill hole locations can be seen on Figure 1 & 2.

Notable Mineralisation Intersections: A number of drill holes intersected high-grade uranium mineralisation, with the final hole, ADD006, returning particularly notable results. These intersections include relatively flat lying uranium mineralisation above, below and along the unconformity between the mid Proterozoic sandstones, conglomerates and the lower Proterozoic basement complex. Additionally, steeply dipping zones of uranium mineralisation were identified beneath the unconformity, highlighting promising targets for future exploration.

Structural and Geological Insights: Preliminary structural analyses suggest that mineralisation may be controlled by northwest-oriented faults. The mineralisation appears continuous along strike, with one intersection showing widths exceeding 39 meters, however, further drilling is needed to assess the extent and continuity of this mineralisation.

Drilling has confirmed the presence of mineralisation at the unconformity, also within the overlying sandstone and the underlying basement complex. This provides strong evidence to significantly expand the mineralised zone.

Next Steps: With this programme now complete, Piche plans to update its geological model for Angelo A and B prospects and review how these results relate to the broader Ashburton tenement package. This review will include the Atlantis prospect, 50 km SE of Angelo, which historically returned intersections of 5.5m at 6,200ppm and 2.2m at 7,400ppm U3O8. These results were not followed up in the 1980’s due to a $12.00 per lb uranium price, however, in the current $77.00 per lb price, Piche will be exploring here in the near future.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Nickel Price Update: Q3 2024 in Review
next post
WGC: Gold Price Under Pressure as US Election Sparks Sentiment Shift

Related Posts

A Major New Play is Being Proven in...

October 17, 2024

Strong Momentum Continuing at Flicka Lake Gold and...

December 2, 2024

NORTH ARROW AND SPRINGBOK AGREE TO DIAMOND ROYALTY...

February 6, 2024

Altech – Results of Share Purchase Plan

May 21, 2024

Top 9 Lithium-producing Countries (Updated 2024)

May 18, 2024

What Was the Highest Price for Gold?

December 5, 2023

Top 5 Junior Gold Stocks on the TSXV...

December 7, 2023

Merger Discussions Between Brightstar and Aurumin

June 30, 2025

Production and Revenue Growth at Alta Mesa Uranium...

November 15, 2024

8 Surgical Robotics Stocks

September 25, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,516)
    • Investing (3,933)
    • Politics (5,246)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved