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Uranium Energy Corp Intersects 15.94% eU3O8 over 7.0 m, and extends the Sakura Zone at the Christie Lake Project in Eastern Athabasca Basin, Canada

Uranium Energy Corp.
  • Expanding High-Grade Footprint: UEC intersects additional high-grade uranium mineralization with CB-183-1, at the Christie Lake Project (“the Project”). This intersection expands the footprint of the high-grade mineralization at the Sakura Zone, that was first reported in October last year.
  • Premier Location: Christie Lake is nine km northeast of McArthur River, the world’s largest high-grade uranium mine, and along the same geological trend (see Figures 1 & 2). The Sakura Zone, discovered in August 2022, is along the Yalowega mineralized corridor (see Figure 3).
  • Infrastructure Advantage: The Project straddles the Eastern Athabasca High Grade Uranium Corridor, representing a 19,576 acre land package in close proximity to the existing infrastructure of the uranium operations of McArthur River and Cigar Lake.
  • Synergies with Roughrider Project: Christie Lake is one of the key projects in UEC’s Eastern Athabasca Hub strategy and has excellent synergy potential with the Roughrider and Horseshoe-Raven Projects.
  • Ongoing Exploration: These intercepts represent the continuation of the 3-month winter campaign. More holes are anticipated to be reported over the winter, leading to an update of the Christie Lake resource in 2023.

Figure 1 - UEC's Athabasca Basin Projects

Figure 2 - Christie Lake Project Location

Figure 3 - Sakura Zone Mineralization - preliminary zone boundaries

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