Newly-listed Uvre Limited (ASX: UVA) has commenced a maiden Phase 1 drill programme at the 100% owned East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA.
The East Canyon project is highly prospective for uranium and vanadium and is strategically located in close proximity to established mining operations and infrastructure.
A diamond core drilling rig has commenced drilling on site at East Canyon, with drilling initially at the None Such prospect, to be followed by drilling at the Bonanza Prospect.
Up to 50 drill holes are permitted at East Canyon and the program currently proposes 50 diamond core holes for a total of up to ~2,500m across two prospects, None Such and Bonanza, however total number of holes drilled may be based upon results observed and obtained as drilling proceeds.
The drill programme is targeting shallow mineralisation, with average depth of holes to be ~50m, to follow up previous encouraging exploration work where samples were collected from within and around historical workings at both prospects, which assayed as high as 1.27% U3O8 and 9.21% V2O5.
“This represents a significant milestone for the company and we are excited to commence the maiden drill program at the East Canyon project less than two months since listing on the ASX,” Managing Director, Pete Woods, said.
“The programme will test extensions of the visual high-grade uranium and vanadium observed and sampled from within the historical workings at a shallow depth from surface. Diamond core drilling will allow for early metallurgical test work to be carried out, further shoring up the potential of this strategic project.
“The Uvre team are motivated to advance the asset rapidly as the uranium resurgence and search for critical minerals across the globe intensifies. We are well positioned in a 1st world jurisdiction and fully funded.”
For further information please visit: https://uvrelimited.com/