The structure identified is much shallower than at Cue’s San Antonio uranium deposit 10km to the south.
Eleven holes returned cumulative grade times thickness (GT) values in excess of 0.1m% eU3O8, to a maximum of 0.464m% eU3O8 in hole SM1010 (13.9m averaging 0.033% eU3O8).
The drill program, totaling 53 holes (2,704m) was completed in the San Miguel zone on the Yuty project.
Historic drilling had indicated the presence of mineralized sandstones, similar to those hosting the uranium deposit at San Antonio.
The program was designed to increase the geological understanding of the zone, and to better define the potential of the area.
The drilling identified extensive zones of anomalous radioactivity south of an interpreted fault structure.
Thick anomalous zones (>5m @ >250cps or counts per second) were noted in 20 of the 53 holes to a maximum vertical thickness of 21.4m.
The San Antonio deposit consists of a current NI 43-101 compliant resource, Indicated, 9.0M tonnes @ 0.042% eU3O8 containing 8.3M lbs eU3O8 and an Inferred Resource of 1.1M tonnes @ 0.050% eU3O8 containing 1.2M lbs eU3O8.
