News about commodities and stocks | Company News | Swiss Resource Capital

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

Receive up-to-date information about the company directly via push notification

More News

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected]. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
SRC Mining & Special Situations Zertifikat

Newsletter registration

E-mail address
Newsletter / Archiv