U3O8 Corp. (UWE-V) has begun the third phase of drilling at its Aricheng South uranium deposit in Guyana with hopes that there’s enough mineralization to warrant a resource estimate.
The company has drilled more than 2,800 metres in less than a year’s time. During phase two, U3O8 Corp. drilled 16 holes totaling 2,066 metres about 25 metres apart, with a focus of extending mineralization along strike.
Hole ARS-010 returned 25.2 metres (true width) grading 0.12% U3O8 and hole ARS-012 returned 10.3 metres (true width) grading 0.21% U3O8 including 4.9 metres grading 0.356%U3O8(It was noted that for the latter hole, over limit assays on samples with values greater than 0.4% U3O8 are pending).
Mineralization at Aricheng South occurs in two sub-parallel east-west trending fault-breccia zones the principal zone and the secondary zone.
The principal structure has a strike length of 270 metres and extends to a depth of about 95 metres below surface. It dips about 58 degrees to the north and mineralization varies in width from 4 metres to 28.7 metres.
The secondary zone is located 60 metres to the south of the principal zone. It has been traced for 130 metres along strike where bore holes that were drilled to intersect the principal structure penetrated deeply enough to cut the secondary.
In January, the company began a 5,000-metre drill program, which should be finished by April. Drill grades will be used to determine whether a resource estimate should be done on the property.
The property was explored by Cogema, a subsidiary of Areva (ARVCF-O) about 25 years ago but leftover records didn’t include drill results.
Aricheng South is a part of the company’s Permit A licence and also includes the Aricheng West and North targets.
Adjacent to Permit A is Permit B, which U3O8 Corp. is exploring as well. Permit B is an unconformity-type geological model covering the shallow eastern perimeter of the Roraima basin.
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