92 Energy achieves drilling success at same time as uranium price surges

92 Energy (ASX: 92E) chief executive officer Siobhan Lancaster joins Small Caps to discuss the company’s timely discovery of a potential new zone of mineralisation at its Gemini uranium find in Canada’s world-class Athabasca Basin.

The new parallel structure was identified in a recent follow-up campaign to the September 2021 Gemini uranium discovery.

The hole returned uranium mineralisation and key uranium pathfinders with intense alteration, making it ripe for follow-up drilling and assay results to further confirm the potential of the new find are expected imminently.

92 Energy’s uranium exploration is targeting high-grade unconformity-associated uranium in the Athabasca Basin, home of the richest uranium fields in the world.

The uncovering of the new structure has highlighted the potential for 92 Energy to encounter other new zones along the Gemini trend, which remains largely untested.

To date there has been very limited drilling at the newly discovered parallel structure, with around 600m of virtually untested strike length available to be tested in the future.

Uranium prices have been particularly strong recently, surging to US$69 per pound.

Article:
https://smallcaps.com.au/92-energy-hits-potential-new-uranium-zone-gemini/

For more information on 92 Energy:
https://smallcaps.com.au/stocks/asx-92e/

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