Drill hole number PT-CH4-V intersected a 65m wide mineralized zone from 143m to 208m and within this thick mineralized interval occurs a higher grade zone of 7m, from 150m to 157m that graded a weighted average of 1.80% U3O8 (23.0ft grading 36.0lbs/ton U3O8).
The mineralized zone included a hanging-wall mineralized sequence, above the high-grade zone, running over 7m at a weighted average of 137ppm U3O8 (23.0ft grading 0.275lbs/ton U3O8).
The zone also included a foot-wall mineralized sequence extended over 48m below the high-grade interval, grading a weighted average of 126ppm U3O8 (157.44ft grading 0.252lbs/ton U3O8) for a total extent of 65m (213.2ft) vertical intersection.
The company had earlier reported a high-grade, near surface discovery in drill hole number PT-CH1-TV that intersected 12m grading a weighted average of 0.92% U3O8 (39.4ft grading 18.3lbs/ton U3O8).
Drill hole number PT-CH4-V is located approximately 175m to the south-southwest of drill hole number PT-CH1-TV.
This deeper intersection of 65m thick, starting at 143m below surface, represents a completely new mineralized target.
