Source: Basin Uranium Corp.
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  • Basin Uranium (NCLR) has completed 2022 drilling at its Mann Lake project
  • Phase two saw 2,776 meters of diamond drilling over four holes, which followed up on targets from phase one and programs earlier in the year, totalling 6,279 metres
  • Hole MN22008 intersected abundant blue-grey dravite clay, potentially meaning graphite could be present in the dravite due to its blue-grey colour
  • Basin Uranium Corp. (NCLR) is up 3.85 per cent, trading at C$0.135 per share at 3:15 pm ET

Basin Uranium (NCLR) has completed 2022 drilling at its Mann Lake project.

Phase two saw 2,776 meters of diamond drilling over four holes, which followed up on targets from phase one and programs earlier in the year, totalling 6,279 metres.

The Mann Lake camp has been demobbed for the winter, and all drill sites have been reclaimed. The company sent its core samples to the Saskatchewan Research Council (SRC).

Hole MN22008 intersected abundant blue-grey dravite clay, potentially meaning graphite could be present in the dravite due to its blue-grey colour.

Table 1. Collar information

Hole ID Easting Northing Elevation Depth Azimuth Dip Notes
MN22001 470812 6383121 550 731 0 -90 U/C at 650.65 metres
MN22002 471133 6383344 550 683 0 -90 U/C at 631.35 metres
MN22003 471379 6383635 550 713 0 -90 U/C at 630.95 metres
MN22004 471878 6384180 550 704.65 0 -90 U/C at 607.76 metres
MN22005 473245 6384561 550 671.67 0 -90 U/C at 623.79 metres
MN22006 471252 6383262 550 572 0 -90 Abandoned
MN22006A 471252 6383262 550 836.75 0 -90 U/C at 617.5 metres
MN22007 470122 6381750 575 887 0 -90 U/C at 671.8 metres
MN22008 469839 6381646 574 910 0 -90 U/C at 649.02 metres

Basin Uranium’s CEO, Mike Blady, explained that completing the phase two drill program represents the culmination of a very active and successful 2022 exploration program and multiple geophysical programs at Mann Lake.

“We were able to advance this project from a grassroots stage, one that had not seen any modern exploration techniques or benefitted from the last two decades of exploration understanding in the basin, through to a multi-phase diamond drill program that defined the unconformity and intersected uranium mineralization.”

He added that the team is planning the 2023 exploration programs at both Mann Lake in the Athabasca Basin and the Wray Mesa project in Utah.

Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company owns the Wray Mesa project in Utah, which has seen significant historic uranium and vanadium exploration.

Basin Uranium Corp. (NCLR) is up 3.85 per cent, trading at C$0.135 per share at 3:15 pm ET.


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