BSN identifies unconformity uranium drill targets from 2024 geophysical data at Marshall and North Millennium Projects, Canada
Project Name: Marshall and North Millennium Projects
Project Location: Canada
Project Stage: Exploration
ProjectBank Summary:
Basin Energy Limited (ASX: BSN) has received final data and completed interpretation for ground electromagnetic geophysical surveys from its winter 2024 program at the Marshall and North Millennium projects. These surveys identified several conductive anomalies both above and below the unconformity at Marshall, consistent with regional exploration models. The stacked anomalies combined with multigenerational geophysical data provide a robust base to assess exploration targets and refine drill hole targets. Located 15 kilometers from Cameco's Millennium deposit and 40 kilometers from the world-class McArthur River mine, these projects hold significant exploration potential. Basin Energy remains well-funded for the next round of field exploration.
Basin Energy Highlights:
Final data received and interpretation completed for the ground electromagnetic geophysical surveys from the winter 2024 program at the Marshall and North Millennium projects.
Several conductive anomalies identified at Marshall, located above and below the unconformity, consistent with regional exploration model.
Stacked anomalies concurrently with multigenerational geophysical data provides a base to assess the exploration targets and refine drillhole targets.
The projects are located 15 kilometers from the majority Cameco owned Millennium deposit, and just 40km from the world-class McArthur River mine.
Basin remains funded for the next round of field exploration.
MD/CEO Statement:
Pete Moorhouse, Managing Director, commented: "Conducting ground geophysical surveys on Marshall and North Millennium was a milestone in advancing these underexplored projects in Basin’s uranium portfolio. The form of these anomalies is highly encouraging given the proximity to some of the world’s largest uranium deposits."
