A total of 105 holes encountered mineralization above 100ppm and 5 holes reported multiple zones of stacked uranium with 19 reporting grade thickness (GT) values exceeding 0.2.
The program targeted converting inferred resources to the indicated category in the planned Kendrick Production Unit located to the west of the Ross Production Unit.
Drilling also identified a new mineralized roll front K5C, over a strike length of 500m and a 400m northern extension to the existing K4 roll front system.
In the southern part of the Kendrick area, 10 GT intersections exceeding 0.2 were reported in three new roll fronts and further drilling will test both the northern and southern extensions of this new roll front system.
Drilling in the area has previously identified the K3, K4, K5, K5A and K6 roll fronts, which merge in places to produce wide areas of continuous mineralization over a combined strike length of 22km with horizontal widths of up to 60m in the northern K5 area.
Current interpretations suggests that there is a total of 312 line kilometres of mineralized roll fronts in the greater Lance Projects and that the delineated mineralization to date in the Kendrick roll fronts represents only 7% of the estimated mineralized roll front systems within this.
The company said that drilling along the Kendrick roll front system is consistently producing thick high grade intercepts which is expected to result in significant levels of inferred resources being upgraded to indicated category.
Two drilling rigs are at Kendrick site with one for the strike exploration and another to intersect the high grade nose of the roll fronts.
