- Labrador Uranium (LUR) has completed its 2022 exploration program on its Central Mineral Belt property in Central Labrador
- This inaugural drill program consisted of seven drillholes totalling 2,194.7 metres
- Structural extensions of known uranium mineralization were intersected, possibly extending mineralization down dip
- Labrador Uranium Inc. (LUR) is up 4.17 per cent, trading at $0.37 per share as of 9:55 am ET
Labrador Uranium (LUR) has completed its 2022 exploration program on its Central Mineral Belt property in Central Labrador.
This inaugural drill program consisted of seven drillholes totalling 2,194.7 metres, with assay results pending.
Five drillholes tested structurally controlled uranium mineralization at the southwestern end of the Moran Lake C Zone.
Two holes tested uranium targets derived from a combination of radiometrics with magnetic and gravity anomalies.
Structural extensions of known uranium mineralization were intersected, possibly extending mineralization down dip. Three drillholes drilled at the south-western extension of the Moran Lake C Zone, ML-200, ML-201 and ML-204, intersected zones of radioactivity with a maximum peak of 2,900 cps measured.
The team also completed line cutting at the Mustang Lake Project, where a UAV magnetic survey and ground gravity survey are planned for the upcoming winter and spring, targeting uranium mineralization like the neighbouring Michelin Deposit.
Labrador Uranium CEO Stephen Keith explained that although truncated by weather, the company was satisfied with this inaugural exploration season.
“Not only did we find extensions of the mineralization at Moran Lake, but we also generated new targets, for follow-up drilling, through our Machine Learning Program. Looking toward next year’s program, we have funding in place to continue to test extensions of the mineralization in the area of the historical mineral resources at Moran Lake and the newly acquired Anna Lake project, as well as new targets being generated through our modern, data-focused approach.”
Labrador Uranium (LUR) is engaged in the exploration and development of uranium projects in Labrador. The company has acquired the Moran Lake and CMB Projects in the prolific Central Mineral Belt (CMB) in central Labrador and the Notakwanon Project in northern Labrador.
Labrador Uranium Inc. (LUR) is up 4.17 per cent, trading at $0.37 per share as of 9:55 am ET.
