The company reported it had now received all analytical results from the 61 holes it drilled in the recent reverse circulation drilling programme, which had demonstrated the deposit remained open to expansion outside of the current resource estimate.
Selected highlights from the drill campaign included an intercept of 2m that returned 224 parts per million uranium oxide and 165ppm vanadium oxide; an interval of 3m grading 131ppm and 103ppm; and an interval of 1m grading 258ppm and 143ppm, respectively.
The company said it would continue to advance high-priority targets in the Ivana area, while it worked on progressing the processing design and metallurgical testwork to support a preliminary economic assessment for the project.
To this end, mineralogical, metallurgical and process engineering studies were ongoing at the Saskatchewan Research Council under the guidance of the company's technical advisor Chuck Edwards.
