Drill Hole LE20-68 intersects 6.9% U3O8 over 11m, including 49.3% U3O8 over 1.5m
Highlights:
- South Extension drill hole LE20-68 intersected 11m of uranium mineralization that averages 6.9% U3O8, including 1.5m of intense mineralization that averages 49.3% U3O8
- South Extension drill hole LE20-72 intersected 6.0m of uranium mineralization that averages 6.2% U3O8, including 1.5m of intense mineralization that averages 20.7% U3O8
- The three westernmost sections are still open to the south
- Assays are pending for four mineralized drill holes, including drill hole LE20-76, which intersected 7.5m of uranium mineralization including 3.5m of continuous off-scale (>65,000 CPS) radioactivity
- Remaining assays expected to be released in early December
- Company is well funded with
$11.8M in the treasury
Note: Radioactivity is total gamma counts per second (CPS) from drill core measured with an RS-125 hand-held spectrometer (RS-125).
LE20-68 Assays (Section 4485E)
Completed to evaluate the potential to expand mineralization south on section 4485E (Figures 2 and 3), drill hole LE20-68 successfully intersected 11.0m of uranium mineralization from 323.0 to 334.0m that averages 6.9% U3O8, including a 1.5m subinterval of intense mineralization from 332.0 to 333.5m that averages 49.3% U3O8 and 3.1% Ni. As with all drill holes to date at the Hurricane zone, the mineralization is located at the sub-
LE20-72 Assays (Section 4460E)
Drill hole LE20-72 (Figures 2 and 4) was designed to evaluate the potential to extend mineralization south on section 4460E. It intersected 6.0m of uranium mineralization from 320.5 to 326.5m that averages 6.2% U3O8, including 1.5m of intense mineralization from 324.5 to 326.0m that averages 20.7% U3O8.
Other Drill Hole Assays
Drill hole LE20-71 intersected 2.0m @ 2.4% U3O8 and 2.8% Ni and is the most southern drill hole on section 4485E. Similarly, drill hole LE20-69 is the furthest drill hole completed to the south on section 4435E to date. It intersected a thick 6.5m interval of mineralization that averages 0.9% U3O8. The results from drill holes LE20-69 and 71 demonstrate that the mineralization is not closed off to the south on either of these sections. Drill holes LE20-66, 67 and 70 intersected narrow intervals of weak uranium mineralization. Further details are available in Table 1.
Next Steps
Chemical assay results are still pending for drill holes LE20-73 to 77, and are expected in early December. Budgets and plans for 2021 activities at Larocque East are being finalized and will be announced in due course.
The Larocque East Property and the
The 100% owned Larocque East property consists of 31 mineral claims totaling 15,878ha that are not encumbered by any royalties or other interests. Larocque East is immediately adjacent to the north end of
Along with other target areas, the Property covers a 15-kilometre-long northeast extension of the
Table 1 – Summer 2020 Drilling Program Results
Hole-ID | From (m) | To (m) | Length (m) | Radioactivity1,2 | Chemical Assays | Orientation | Location | |
(CPS) | U3O8 (%) | Ni (%) | (Azm/Dip) | |||||
LE20-543 | 329.5 | 338.5 | 9.0 | >500 | 12.8 | 3.9 | 180/-79 | Sect 4510E |
incl. | 333.0 | 337.0 | 4.0 | >30,000 | 27.1 | 5.2 | ||
incl. | 334.0 | 334.5 | 0.5 | Off-scale5 | 52.5 | 1.6 | ||
LE20-553 | No significant mineralization | 180/-70 | Sect 4785E | |||||
LE20-563 | 351.0 | 358.5 | 7.5 | >500 | 0.1 | 0.1 | 180/-70 | Sect 4660E |
LE20-573 | 343.8 | 353.8 | 10.0 | >500 | 11.7 | 0.3 | 217/-70 | Sect 4435E |
incl. | 347.3 | 349.8 | 2.5 | >40,000 | 46.0 | 1.0 | ||
incl. | 347.8 | 348.3 | 0.5 | Off-scale5 | 65.9 | 0.7 | ||
LE20-583 | Abandoned before target | 180/-69 | Sect 4785E | |||||
LE20-58C13,6 | 144.0 | 146.5 | 2.5 | >500 | 0.2 | 0.1 | 180/-71 | Sect 4785E |
LE20-594 | 342.0 | 347.0 | 5.0 | >500 | 0.2 | 0.2 | 112/-69 | Sect 4610E |
incl. | 345.0 | 345.5 | 0.5 | >5,000 | 0.9 | 0.2 | ||
LE20-603 | No significant mineralization | 000/-90 | Sect 4660E | |||||
LE20-613 | 313.0 | 322.0 | 9.0 | >500 | 0.3 | 0.0 | 000/-90 | Sect 4660E |
incl. | 321.5 | 322.0 | 0.5 | >10,000 | 1.4 | 0.2 | ||
LE20-623 | 314.0 | 316.5 | 2.5 | >500 | 0.2 | 0.0 | 000/-90 | Sect 4435E |
and | 321.0 | 325.5 | 4.5 | >500 | 6.2 | 0.5 | ||
incl. | 323.0 | 325.5 | 2.5 | >30,000 | 11.1 | 0.3 | ||
incl. | 324.5 | 325.0 | 0.5 | Off-scale5 | 29.0 | 0.3 | ||
LE20-63A3 | No significant mineralization | 180/-85 | Sect 4660E | |||||
LE20-643 | 316.5 | 320.0 | 3.5 | >500 | 0.3 | 0.1 | 000/-90 | Sect 4435E |
and | 324.0 | 329.0 | 5.0 | >500 | 48.8 | 1.1 | ||
incl. | 324.5 | 328.5 | 4.0 | >30,000 | 57.5 | 1.3 | ||
LE20-654 | No significant mineralization | 000/-90 | Sect 4610E | |||||
LE20-664 | 323.0 | 324.0 | 1.0 | >500 | 0.2 | 0.0 | 000/-90 | Sect 4785E |
LE20-674 | 327.5 | 329.5 | 2.0 | >500 | 0.2 | 0.5 | 000/-90 | Sect 4435E |
LE20-684 | 323.0 | 334.0 | 11.0 | >500 | 6.9 | 0.6 | 180/-80 | Sect 4485E |
incl. | 332.0 | 333.5 | 1.5 | >50,000 | 49.3 | 3.1 | ||
LE20-694 | 322.5 | 329.0 | 6.5 | >500 | 0.9 | 0.3 | 000/-90 | Sect 4435E |
incl. | 325.0 | 326.0 | 1.0 | >5,000 | 2.4 | 0.2 | ||
LE20-704 | No significant mineralization | 000/-90 | Sect 4560E | |||||
LE20-714 | 324.0 | 325.0 | 1.0 | >500 | 0.2 | 0.1 | 000/-90 | Sect 4485E |
and | 327.5 | 329.5 | 2.0 | >500 | 2.4 | 2.8 | ||
incl. | 329.0 | 329.5 | 0.5 | >20,000 | 7.8 | 5.3 | ||
LE20-724 | 320.5 | 326.5 | 6.0 | >500 | 6.2 | 0.7 | 000/-90 | Sect 4460E |
incl. | 323.0 | 323.5 | 0.5 | >20,000 | 7.9 | 0.7 | ||
and incl. | 324.5 | 326.0 | 1.5 | >40,000 | 20.7 | 0.7 | ||
LE20-734 | 326.5 | 332.0 | 5.5 | >500 | Pending | 000/-90 | Sect 4510E | |
LE20-744 | 320.5 | 325.5 | 5.0 | >500 | Pending | 000/-90 | Sect 4460E | |
incl. | 322.0 | 323.5 | 1.5 | >5,000 | ||||
LE20-75A4 | No significant mineralization | 000/-90 | Sect 4510E | |||||
LE20-764 | 312.5 | 319.0 | 6.5 | >500 | Pending | 000/-90 | Sect 4435E | |
and | 322.5 | 330.0 | 7.5 | >500 | ||||
incl. | 324.0 | 327.5 | 3.5 | Off-scale5 | ||||
LE20-774 | 322.5 | 330.5 | 8.0 | >500 | Pending | 000/-90 | Sect 4460E | |
incl. | 324.0 | 326.5 | 2.5 | >5,000 | ||||
and incl. | 329.0 | 330.0 | 1.0 | >10,000 | ||||
Notes: | 1. Radioactivity is total gamma from drill core measured with an RS-125 hand-held spectrometer |
2. Measurements of total gamma on drill core are an indication of uranium content, but may not correlate with chemical assays | |
3. Radioactivity and chemical assays previously disclosed | |
4. Radioactivity previously disclosed | |
5. Off-scale radioactivity is defined as exceeding 65,536 cps, the maximum measurable by an RS-125 spectrometer | |
6. LE20-58C1 is a wedged off-cut from LE20-58 at 200m |
Qualified Person Statement
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