U3O8 has completed the reverse circulation drilling programs on Olary Creek in South Australia and on the Ardmore Project in Queensland, with Olary Creek drilling targeting a thick sequence of magnetite rich banded iron formation identified from the magnetic survey completed over the area.
Four holes were completed into the banded iron formation target, whilst a further hole examined a possible channel iron target.
The deepest hole was terminated at 175m, having intersected banded iron formation through large portions of the hole.
The company has submitted the samples for geochemical assay and expects results to be returned by mid November.
Reverse circulation drilling was also completed on the Ardmore Project, south of Mt Isa in Queensland.
A total of 15 drill holes targeted three earlier untested radiometric anomalies, the rock chip sampling of which returned results up to 0.54% U3O8.
The company said that several intervals anomalous in uranium were intersected in a number of holes.