Canada-based U3O8 has encountered a second uranium-bearing shoot at Accori North C, one of the nine consistently mineralized structures identified to date in the Kurupung Batholith in Guyana.

The company said this structure is slated to be one of the mineralized zones in the Kurupung to undergo infill drilling this year.

Scout drilling has confirmed the presence of two uranium-bearing shoots in the Accori North C structure; the shoots are 130m to 150m wide and are separated by a low-grade gap of 75m to 100m.

Mineralization remains open at depth and there is good potential for additional shoots to lie along the eastern extension of the Accori North C structure.

Bore holes, ACCON-C-023 and ACCON-C-24, aimed to test the western extension of the Accori North C structure where it extends into a sedimentary sequence adjacent to the Kurupung Batholith which, due to its permeability and chemical reactivity, could constitute a prime host for uranium mineralization.

Scout drilling encountered moderate alteration without significant uranium grades and no further drilling is planned for that target.

A total of 24 bore holes for 5,209m, inclusive of the four bore holes from which results are reported in
Table 1 above, have been drilled at Accori North C.