The new deposit is located just 1km to the southwest of the proposed location for the processing plant for the Ambassador deposit.
Notable intersections include 8.22metres at 1,360 parts per million (ppm) uranium from 38.43m, including 2.32m at 3,244ppm, and 7.26m at 1,173ppm uranium from 36.51m.
The deposit is a single body about 1.4km long, and 100m to 500m wide.
Best results were obtained at 1.02m at 5,968ppm uranium from within a broader intercept of 4.75m at 1,968ppm from 36.53m.
Upon receiving all the assay data, the firm will undertake a resource estimate for the deposit, reports proactiveinvestors.com.
