BSN confirms elevated uranium in Preston Creek drilling, Canada
Project Name: Geikie Uranium Project
Project Location: Athabasca Basin, Canada
Project Stage: Advanced Exploration
ProjectBank Summary:
Basin Energy Limited (ASX: BSN) has announced the confirmation of elevated uranium in multiple drillholes from Phase 2 drilling at the Geikie Uranium Project in the Athabasca Basin, Canada. The program, which included eight diamond drillholes totaling 2,295 meters, was designed to follow up on the 2023 maiden drill program and to test high-priority gravity anomalies. Notable results include uranium values of 190 ppm and 188 ppm U3O8, along with key pathfinder elements and encouraging geochemistry. The drilling has confirmed the prospectivity of the project, particularly the Preston Creek prospect, and highlighted the effectiveness of Basin's targeting methodology.
Basin Energy Highlights:
Elevated uranium confirmed in multiple drillholes from Phase 2 drilling at Geikie.
Notable uranium pathfinders identified beyond previously identified zones at Preston Creek.
Encouraging geochemistry results within a structured alteration system comparable to world-class basement-hosted uranium deposits.
1.5 km of strike length on the very prospective Preston Creek gravity anomaly remains untested.
Drilling confirms the prospectivity of the Geikie Project and the effectiveness of Basin’s targeting methodology utilizing multilayered geophysical datasets.
MD/CEO Statement:
Pete Moorhouse, Managing Director, commented: "Confirming elevated uranium and pathfinder elements at Preston Creek in conjunction with key structures and intense alteration patterns reaffirms the strategic direction we’ve pursued advancing exploration programs at Geikie. Drilling at Preston Creek has demonstrated the scale and style of structure and alteration typical of basement-hosted uranium mineralisation in the region. Moving forward, we will capitalize on these results to refine our exploration model and prioritize future exploration targets."
