92 Energy (ASX:92E) - Parallel Zone Discovery Hints at Further Significant Uranium Resource
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Show Notes
Interview with Siobhan Lancaster, CEO/MD of 92 Energy Ltd.
Our previous interview: https://www.cruxinvestor.com/posts/92-energy-92e-uranium-explorer-onto-something-big-2966
Recording date: 29th September 2023
92 Energy Ltd (ASX: 92E) is an Australian uranium exploration company targeting high-grade unconformity-associated uranium deposits in the Athabasca Basin of Saskatchewan, Canada. The company currently holds 100% interest in seven uranium projects across 58 mineral claims in this prolific uranium district.
92 Energy's flagship project is the Gemini Uranium Discovery, where the company made a near-surface, basement-hosted uranium discovery starting at just 60m vertically below surface and extending down to 270m. High-grade intersections from Gemini include 43m at 0.62% U3O8 and 5m at 1.47% U3O8, including 0.5m at 9.66% U3O8. Mineralization at Gemini remains open in all directions with significant expansion potential along the 2.8km mineralized trend.
An upcoming 4,000m drill program at Gemini aims to expand the known high-grade zones and test newly identified mineralization 285m north of the discovery area. Other prospective projects for 92 Energy include Tower, located just 10km from the world-class Cigar Lake uranium mine, and Wares, which has historical drill results of 0.18% U3O8 over 0.1m and is considered an analog to the high-grade Roughrider and Hurricane discoveries.
The company offers investors exposure to high-grade uranium discoveries in a premier jurisdiction at an early stage. With a market capitalization of $32 million, upcoming drilling at Gemini and a portfolio of prospective projects, 92 Energy is well-positioned to create significant value for shareholders through new uranium discoveries in the Athabasca Basin.
View 92 Energy's Company Profile: https://www.cruxinvestor.com/companies/92-energy