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Uranium Energy Corp Intersects 23.2% eU3O8 over 3.4 m, Extending the new Sakura Zone at Christie Lake Project in Eastern Athabasca Basin, Canada

Uranium Energy Corp.
  • Expanding High-Grade Footprint: UEC intersects additional high-grade uranium mineralization with CB-178-1, its first drill hole in the 2023 Sakura Zone drill program at the Christie Lake Project (“the Project”). This intersection expands the footprint of the high-grade mineralization at the new zone, first reported in October last year, CB-178-1 is approximately 10 m from CB-176A that graded 68.7% eU3O8 over 2.1 m.
  • 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 Figures 3 & 4).
  • Infrastructure Advantage: The Project straddles the Eastern Athabasca High Grade Uranium Corridor, representing a 19,576 acre land package situated between the two world class uranium operations at 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 the company is considering the synergies between this project and the Roughrider and Horseshoe-Raven Projects.
  • Ongoing Exploration: These intercepts represent the first results 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

Figure 4 – Preliminary Cross Section with CB-178-1

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