BSN reports significant alteration zone at Geikie Uranium Project, Canada
Project Name: Geikie Uranium Project
Project Location: Canada
Project Stage: Exploration
ProjectBank Summary:
Basin Energy Limited (ASX: BSN) has reported a significant alteration zone of 1.5km at its Geikie Uranium Project in the Athabasca Basin, Canada. The 2024 drilling program has identified extensive hydrothermal alteration and complex structural settings, indicative of potential basement-hosted uranium mineralization. The findings reinforce the project’s potential, with future drilling planned to target these high-priority anomalies.
Basin Energy Highlights:
Identification of a 1.5km alteration zone at the Geikie Uranium Project, typical of basement-hosted mineralization.
Extensive hydrothermal alteration and complex structural settings discovered during the 2024 drilling program.
Results include broad quartz-hematite breccia/cataclasite, with complex fault and hydrothermal fluid pulse events favorable for uranium mineralization.
Continued drilling at Preston South and other high-priority gravity anomalies to further assess the potential for uranium precipitation.
Data from recent surveys and drilling to refine targets for the next phase of exploration.
MD/CEO Statement:
Pete Moorhouse, Managing Director, commented: "The identification of this significant alteration zone at the Geikie Uranium Project is a crucial development. The results from our 2024 drilling program highlight the potential for significant basement-hosted uranium deposits. We are committed to advancing our exploration efforts and look forward to further refining our targets in the Athabasca Basin."
