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In a significant move to enhance its uranium production capabilities, American Uranium Limited (ASX:AMU, OTC:AMUIF) has successfully completed a resource expansion drilling program at its Lo Herma ISR uranium project in the Powder River Basin of Wyoming. This ambitious drilling initiative involved the excavation of 50 mud rotary holes, totaling approximately 53,460 feet, or about 16,300 meters. This project is a pivotal step in American Uranium’s strategy to bolster its resource base and validate the aquifer’s transmissivity, which is critical for advancing towards an in-situ recovery (ISR) mining operation.
Drilling highlights and discoveries
American Uranium’s recent drilling activities have yielded remarkable results, confirming extensive uranium mineralization trends extending up to 3,000 meters (10,000 feet) north of the proposed Mine Units 1 and 2. Among the notable findings, one standout drill hole, designated as LH-25-048, reported an impressive grade-thickness (GT) of 1.41 over 7.6 meters (25 feet) in two stacked sand units. The best mineralized intercepts included 4.1 meters at 0.078% (780ppm) eU308, featuring a concentrated section of 1 meter at 0.143% (1,430ppm) eU308.
Future directions for resource development
Looking ahead, the company plans to update the Mineral Resource Estimate and conduct further drilling activities. The recent acquisition of 12 new mineral claims, covering 96 hectares (238 acres), will enhance the project’s scope, extending resource exploration northward from the proposed Mine Unit 2. Hydrogeological assessments and drilling initiatives aim to mitigate risks and advance the Lo Herma ISR project, with a thorough evaluation of geological data expected in the near future.
Leadership insight and industry outlook
CEO and Executive Director of American Uranium, Mr. Bruce Lane, expressed enthusiasm regarding the positive results from the recent drilling campaign. He emphasized that the resource expansion drilling has shown strong mineralization grades with considerable thicknesses across multiple stacked sand formations, particularly the Wasatch and Fort Union formations. Mr. Lane stated, “This drilling has successfully demonstrated that the host sandstone units contain reliable continuity of mineralization across extended trends for up to 3 kilometers (10,000 feet) to the north of the current proposed mine units.”
Anticipated developments and strategic goals
Alongside forthcoming geological evaluations, American Uranium aims to de-risk the project as it moves towards an updated Scoping Study for the Lo Herma project. The results from the hydrogeological testing, expected soon, will play a vital role in shaping the future steps of the development process.
This resource expansion drilling initiative reflects American Uranium’s commitment to enhancing its operational footprint and securing a robust future in the uranium sector. By expanding the scope of its exploration and production capabilities, the company is strategically positioning itself to meet the growing demand for uranium as the energy landscape evolves.
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