Home Sports 92 Energy (ASX:92E) detects elevated radioactivity in Tower, Canada – The Market...

92 Energy (ASX:92E) detects elevated radioactivity in Tower, Canada – The Market Herald

91
0

Sign up

Be the first with news that moves the market

  • 92 Energy (92E) has detected elevated radioactivity at its Tower property in the Athabasca Basin, Saskatchewan, Canada
  • Four wells were drilled at Tower as part of 92 Energy’s first drilling program, with three showing elevated levels of radioactivity
  • Hole TOW22-004 crossed the highest level of radioactivity at 960 counts per second
  • Now that all four wells have been drilled, core samples have been sent to SRC’s geoanalytical laboratory in Saskatoon, with results expected in the next eight weeks
  • 92 Energy closed 2.04 percent lower at 48 cents a share

92 Energy (92E) has detected elevated radioactivity at its Tower Property in the Athabasca Basin area of ​​Saskatchewan, Canada.

Four holes were drilled in the Tower under 92 Energy’s first drilling program, with three detecting elevated levels of radioactivity.

Hole TOW22-004 encountered the highest level of radioactivity at 960 counts per second (CPS).

The results of this drilling provided “compelling follow-on targets for 92 Energy’s next work program at the Tower.

Now that all four wells have been drilled, core samples have been sent to SRC’s geoanalytical laboratory in Saskatoon, with results expected in the next eight weeks.

“This drilling program has identified several compelling targets for Tower’s next drilling campaign, including an area where there is a significant basement fault zone that cuts and offsets the unconformity and penetrates upward into the sandstone,” said managing director Siobhan Lancaster. . .

“Such fault zones are known to be very promising for unconformity-related uranium mineralization.”

92 Energy closed 2.04 percent lower at 48 cents a share.

https://themarketherald.com.au/92-energy-asx92e-encounters-elevated-radioactivity-at-tower-canada-2022-10-17/

Previous articleA right-wing prime minister was elected in Sweden, who was supported by the far-right for the first time
Next articleGuardiola is confused by the goal decision