Piche Assets Restricted (ASX: PR2) (“Piche” or the “Firm”) is happy to announce drilling outcomes from an extra eight holes at its Ashburton uranium undertaking in Western Australia. Outcomes to this point spotlight the potential for each excessive grade and broad zones of uranium mineralisation.
HIGHLIGHTS
- ADD003 has delivered the widest intersection recorded to this point with a 39m intersection instantly above the Proterozoic unconformity.
- Equal U3O8 focus from current drillholes embody:
ADD003 39.28m @ 553 ppm eU3O8 from 124.12m
incl 1.28m @ 1,460 ppm eU3O8 from 125.46m
and 0.84m @ 1,184 ppm eU3O8 from 151.54m
and a couple of.42m @ 2,681 ppm eU3O8 from 155.10m
and 1.90m @ 2,215 ppm eU3O8 from 161.40m
ARC008 3.86m @ 720 ppm eU3O8 from 137.36m
ARCD005 6.50m @ 639 ppm eU3O8 from 115.23m
incl 3.02m @ 930 ppm eU3O8 from 115.23m
ADD005 10.48m @ 1412 ppm eU3O8 from 114.30m
incl 2.04m @ 3508 ppm eU3O8 from 115.72m and 0.50m @ 2911 ppm eU3O8 from 119.28m
4.08m @ 2075 ppm eU3O8 from 141.94m
incl 2.04m @ 2875 ppm eU3O8 from 142.10m
1.04m @ 1918 ppm eU3O8 from 145.80m
1.04m @ 1103 ppm eU3O8 from 148.44m
- Analyses of the drill core has
- demonstrated a northwest structural management on mineralisation
- mineralisation alongside the unconformity and
- inside the overlying sandstone and the basement.
The mixed reverse circulation and diamond drilling programme has exceeded the Firm’s expectations, having met its unique goals of confirming historic outcomes, testing the potential northwest structural management of mineralisation, and increasing the recognized uranium mineralised envelope.
Outcomes from the drilling are included in Desk 1 with the drill gap particulars in Desk 2. In complete, 1,776m of reverse circulation drilling and 1,147m of diamond drilling have been accomplished for a complete of 18 holes.
Drilling at Angelo A has confirmed the continuity of mineralisation, recognized a steeply dipping mineralised construction and highlighted the undulating nature of the Proterozoic unconformity (Determine 1). A possible northwest trending construction containing uranium mineralisation was intersected between ARC004 and ARC006.
Proof of a mineralised northwest oriented construction was encountered in ADD001, positioned over 1km to the northwest of Angelo A. Structural logging of this gap highlighted a shallow dipping (35 levels) mineralised structural trending to the northwest.
The drilling programme has additionally confirmed historic drill outcomes from over 40 years in the past.
Determine 1: Simplified Lengthy Part C’ of Angelo A highlighting the flat mendacity nature of uranium mineralisation, with steeply dipping constructions between ARC004 and ARC006.
Diamond drill gap ADD003 recognized 39.28 metres of uranium mineralisation (Determine 2), highlighting the potential to increase the world of mineralisation at each the Angelo A & B prospects, and alongside strike to the northwest and southeast.
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