Nexus Uranium Provides Interim Drill Results from Cree East Project
Nexus Uranium (CSE: NEXU) (OTCQB: GIDMF) has reported interim drilling results from its Cree East Project in Saskatchewan's Athabasca Basin. The company completed three drill holes totaling 1,521 metres in Area B. Drill hole CRE-094 showed promising results with radiometric peaks up to 300 counts per second (cps) and significant structural disruption.
Key findings include:
- CRE-094 (587m depth) intersected unconformity at 451m, showing extensive hydrothermal alteration
- CRE-093 (581m depth) reached unconformity at 438m, confirming graphitic-pyritic fault zones
- CRE-092 was halted before target depth due to technical issues
The program confirmed the presence of targeted electromagnetic conductor and structural deformation. Drilling continues at Area B, focusing on testing additional zones up-dip from CRE-094 and along the EM conductor strike.
Nexus Uranium (CSE: NEXU) (OTCQB: GIDMF) ha riportato i risultati preliminari delle perforazioni dal suo Progetto Cree East nel bacino di Athabasca in Saskatchewan. L'azienda ha completato tre fori di perforazione per un totale di 1.521 metri nell'Area B. Il foro di perforazione CRE-094 ha mostrato risultati promettenti con picchi radiometrici fino a 300 conteggi al secondo (cps) e una significativa interruzione strutturale.
I principali risultati includono:
- CRE-094 (profondità 587m) ha intersecato l'inconformità a 451m, mostrando un'ampia alterazione idrotermale
- CRE-093 (profondità 581m) ha raggiunto l'inconformità a 438m, confermando zone di faglia grafitico-piritica
- CRE-092 è stato interrotto prima della profondità obiettivo a causa di problemi tecnici
Il programma ha confermato la presenza di un conduttore elettromagnetico mirato e di una deformazione strutturale. Le perforazioni continuano nell'Area B, concentrandosi sul test di ulteriori zone in risalita da CRE-094 e lungo la direzione del conduttore EM.
Nexus Uranium (CSE: NEXU) (OTCQB: GIDMF) ha informado sobre los resultados preliminares de perforación de su Proyecto Cree East en la cuenca de Athabasca, Saskatchewan. La compañía completó tres agujeros de perforación que suman 1,521 metros en el Área B. El agujero de perforación CRE-094 mostró resultados prometedores con picos radiométricos de hasta 300 conteos por segundo (cps) y una significativa interrupción estructural.
Los hallazgos clave incluyen:
- CRE-094 (profundidad de 587m) intersectó la inconformidad a 451m, mostrando una extensa alteración hidrotermal
- CRE-093 (profundidad de 581m) alcanzó la inconformidad a 438m, confirmando zonas de falla grafito-pirítica
- CRE-092 se detuvo antes de la profundidad objetivo debido a problemas técnicos
El programa confirmó la presencia de un conductor electromagnético objetivo y deformación estructural. La perforación continúa en el Área B, centrándose en probar zonas adicionales en subida desde CRE-094 y a lo largo de la dirección del conductor EM.
넥서스 우라늄 (CSE: NEXU) (OTCQB: GIDMF)는 사스카치완의 아타바스카 분지에 있는 크리 이스트 프로젝트의 임시 시추 결과를 보고했습니다. 이 회사는 B구역에서 총 1,521미터의 세 개의 시추 구멍을 완료했습니다. 시추 구멍 CRE-094는 초당 300카운트(cps)까지의 방사능 피크와 상당한 구조적 파괴를 보여주는 유망한 결과를 나타냈습니다.
주요 발견 사항은 다음과 같습니다:
- CRE-094 (587m 깊이)는 451m에서 불일치를 교차하며 광범위한 열수 변화를 보여주었습니다.
- CRE-093 (581m 깊이)는 438m에서 불일치에 도달하여 흑연-황철광 단층대를 확인했습니다.
- CRE-092는 기술적 문제로 목표 깊이 전에 중단되었습니다.
프로그램은 목표 전자기 도체와 구조적 변형의 존재를 확인했습니다. B구역에서의 시추는 CRE-094의 상측에 있는 추가 구역과 EM 도체의 방향을 시험하는 데 집중하여 계속 진행됩니다.
Nexus Uranium (CSE: NEXU) (OTCQB: GIDMF) a rapporté des résultats préliminaires de forage de son Projet Cree East dans le bassin d'Athabasca en Saskatchewan. L'entreprise a complété trois forages totalisant 1 521 mètres dans la Zone B. Le forage CRE-094 a montré des résultats prometteurs avec des pics radiométriques allant jusqu'à 300 comptages par seconde (cps) et une perturbation structurelle significative.
Les principales conclusions incluent:
- CRE-094 (profondeur de 587m) a intersecté l'inconformité à 451m, montrant une large altération hydrothermale
- CRE-093 (profondeur de 581m) a atteint l'inconformité à 438m, confirmant des zones de faille graphitique-pyritique
- CRE-092 a été arrêté avant la profondeur cible en raison de problèmes techniques
Le programme a confirmé la présence d'un conducteur électromagnétique ciblé et une déformation structurelle. Le forage se poursuit dans la Zone B, en se concentrant sur le test de zones supplémentaires en montée depuis CRE-094 et le long de la direction du conducteur EM.
Nexus Uranium (CSE: NEXU) (OTCQB: GIDMF) hat vorläufige Bohrergebnisse aus seinem Cree East Projekt im Athabasca-Becken in Saskatchewan veröffentlicht. Das Unternehmen hat drei Bohrlöcher mit insgesamt 1.521 Metern im Bereich B abgeschlossen. Das Bohrloch CRE-094 zeigte vielversprechende Ergebnisse mit radiometrischen Spitzen von bis zu 300 Zählungen pro Sekunde (cps) und signifikanten strukturellen Störungen.
Wichtige Ergebnisse umfassen:
- CRE-094 (587m Tiefe) schnitt die Unkonformität bei 451m und zeigte umfangreiche hydrothermale Veränderungen
- CRE-093 (581m Tiefe) erreichte die Unkonformität bei 438m und bestätigte graphit-pyritische Verwerfungszonen
- CRE-092 wurde vor der Zieltiefe aufgrund technischer Probleme gestoppt
Das Programm bestätigte das Vorhandensein eines gezielten elektromagnetischen Leiters und struktureller Deformationen. Die Bohrungen im Bereich B werden fortgesetzt, wobei der Fokus auf der Erprobung zusätzlicher Zonen oberhalb von CRE-094 und entlang der EM-Leiter-Richtung liegt.
- Discovery of elevated radiometric readings up to 300 cps in CRE-094
- Confirmation of targeted EM conductor and structural features favorable for uranium mineralization
- Successful intersection of significant hydrothermal alteration and fault structures
- CRE-092 drill hole failed to reach target depth due to technical challenges
- No significant uranium mineralization reported yet
- Program continuation dependent on weather conditions
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) ("Nexus" or the "Company") is pleased to provide an update on its ongoing drilling program at the Cree East Project in the Athabasca Basin, Saskatchewan (see Figure 1). Three drill holes, totaling 1,521 metres, have been completed in Area B as part of follow-up exploration targeting uranium mineralization.
Early results are highly encouraging, with one of the three holes returning elevated radiometric readings and all encountering significant structural disruption, hydrothermal alteration, and key geological features commonly associated with unconformity-related uranium deposits in the region. Notably, drill hole CRE-094 exhibited strong alteration patterns and elevated scintillometer counts associated with structural intervals throughout the graphitic pelite zone, reinforcing the potential for uranium mineralization.
Key Technical Highlights:
- Drill hole CRE-094 (587m total depth) intersected the unconformity at 451m, with extensive hydrothermal alteration consisting of strong bleaching, limonite, clay, and sooty pyrite alteration in the lower sandstone column. The graphitic pelite zone showed multiple faulted and brecciated intervals associated with bleaching and chlorite alteration and with radiometric peaks up to 300 counts per second (cps) along re-activated structures.
- Drill hole CRE-093 (581m total depth) intersected the unconformity at 438m, with moderate alteration. Structural analysis confirmed graphitic-pyritic fault zones with cataclastic deformation.
- Drill hole CRE-092 was halted before reaching the target depth due to technical challenges. The lower sandstone column of CRE-092 was bleached with localized sooty pyrite alteration.
The drill program has successfully confirmed the presence of the targeted electromagnetic (EM) conductor, along with substantial structural deformation and elevated radioactivity (see Figure 2). These indicators suggest a favorable setting for uranium mineralization, warranting further step-out drilling. In comparison with other unconformity-hosted uranium deposits in the Athabasca Basin, drilling has observed similar alteration types, such as clay, limonite, and sooty pyrite in the sandstone. In the basement (below the unconformity), bleached and chlorite altered structurally-reactivated graphitic pelites have been observed which is also characteristic of the basement below these types of deposits.
We are extremely encouraged by the initial drill results at Cree East" commented Jeremy Poirier, CEO of Nexus Uranium. "The presence of strong alteration, fault structures, and elevated radiometric counts aligns with the geological framework necessary for uranium mineralization. These findings validate our exploration model and reinforce the potential of this underexplored region. With drilling ongoing, we are eager to continue refining our targets and advancing this exciting discovery."
Next Steps:
Drilling remains active at Area B, with a focus on testing additional zones up-dip from CRE-094 and along strike of the EM conductor. Exploration will continue as long as weather conditions allow, and further updates will be provided as results are received and analyzed.
Figure 1: Cree East Project Location
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Figure 2: Cree East Plan View & Cross Section of CRE-094
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Drillhole Details:
CRE-093: Drill hole CRE-093 was oriented at an azimuth of 325° and a dip of -80° was drilled for 581 meters, with the hole intersecting the unconformity at 438 metres downhole. The overlying Athabasca sandstones was strongly bleached and showed discrete zones containing sooty and pervasive pyrite. The graphitic pelite was intersected from 469.8 to 490.0 meters, about 30 meters down hole of the unconformity. The graphitic pelite displayed a cohesive cataclastic fault zone with subrounded feldspatic clasts suspended in a dark black matrix with quartz veining throughout. Moderately graphitic throughout, intervals contain bands of structurally concentrated graphite up to 1 mm thick and a wavy shear fabric. Chloritic alteration was weak to moderate from 17 meters below the unconformity to the end of the hole coincident with the chloritic alteration the final 50 meters of the hole the core was bleached with intervals of quartz flooding through brecciated zones containing pyrite and potassium feldspar.
CRE-094: Drill hole CRE094 was collared 200 metres southwest of hole CRE-093 and oriented at 300° at a dip of -70 and drilled for 587 meters, with the hole intersecting the unconformity at 451 metres. The overlying Athabasca sandstones displayed moderately to strongly bleached sections coincidental with moderate to strong sooty pyrite occurring from 256 to 448 meters. Graphitic pelite was intersected from 484.9 to 526 meters, 34 meters down hole of the unconformity. This zone was described as a dark fine grained graphitic pelite moderately chloritized with three zones hosting centimeter to decimeter brecciated to cataclastic faulting with abundant pyrite occurring as interstitial nodules and in veins throughout the fault structures and the pelite. Several of the brecciated intervals are radiometrically elevated with a peak of 300 cps at 505.1m associated with chlorite carbonate pyrite cohesive breccia. Chlorite alteration was moderate to strong from 449 meters to the end of the hole, dravite was observed in a fault breccia 5 meters below the graphitic pelite.
Table 1: Drill Collar Summary
| Hole ID | UTM_East | UTM_North | Collar Elevation (m) | Azimuth (º) | Dip (º) | TD (m) |
| CRE092 | 428,819.00 | 6363231 | 515 | 323 | -80 | 353 |
| CRE093 | 428,817.00 | 6363233 | 515 | 326 | -80 | 581 |
| CRE094 | 428,680.00 | 6363088 | 520 | 299 | -70 | 587 |
Table 2: Scintillometer Counts & Core Photo from CRE-094
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Figure 3
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Geochemical Assay Sampling and Scintillometer Readings
All drill core samples from the program will be shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan in secure containment for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Sample intervals are chosen based on downhole probing logs and scintillometer (CT007-M) peaks. Assay sample intervals comprise 0.25 - 0.8 metre continuous half-core split samples over the mineralized intervals. With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by field staff and the SRC in accordance with quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Nexus prior to disclosure.
All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and do not represent true thicknesses, which have yet to be determined. The reader is cautioned that handheld scintillometer count per second (cps) readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. During active exploration programs drillholes are radiometrically logged using calibrated downhole GeoVista NGRS and TGGS (Triple GM) gamma probes which collect continuous readings along the length of the drillhole.
About Nexus Uranium Corp.
Nexus Uranium Corp. is a multi-commodity development company focused on advancing the Cree East uranium project in the Athabasca Basin in addition to its precious metals portfolio that includes the Napoleon gold project in British Columbia and a package of gold claims in the Yukon. The Cree East project is one of the largest projects within the Athabasca Basin of Saskatchewan spanning 57,752 hectares (142,708 acres) and has seen over
The technical content of this news release has been reviewed and approved by Warren D. Robb, P.Geo. (BC), a Director and VP Exploration of Nexus Uranium Corp. and a Qualified Person under National Instrument 43-101.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier
Chief Executive Officer
info@nexusuranium.com
This news release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to, any planned exploration at the Cree East Project. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that the Company will be successful in finalizing its planned drill program, including retaining a contractor to complete such program. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to: the risk that the conditions to closing of the proposed sale of the Company's interest in the Independence Project will not be satisfied and inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company's most recently filed management's discussion & analysis.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
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FAQ
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