Nexus Uranium Provides Update on Upcoming Winter Drill Program
Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) has announced updates regarding its upcoming winter drill program at the Cree East uranium project in Saskatchewan's Athabasca Basin. The company is currently constructing ice access roads, with camp crew mobilization and construction expected in the coming week.
The drill program, scheduled to begin in late January, will initially target Area B, followed by Areas A, I, and an untested conductor trend. Historical drilling in Area B revealed significant clay alteration throughout the sandstone, with altered pyrite and uranium enrichment in the lower sandstone. The area shows extensive brecciation and faulting, resulting in over 50 metres of vertical unconformity displacement, with hydrothermal alteration extending deep into the basement rocks.
CEO Jeremy Poirier highlighted that the project has benefited from over $20 million in prior exploration investment and years of research.
Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) ha annunciato aggiornamenti riguardo al suo prossimo programma di perforazione invernale presso il progetto uranio Cree East nel Bacino di Athabasca in Saskatchewan. Attualmente, la società sta costruendo strade di accesso ghiacciate, con la mobilitazione dell'equipaggio del campo e la costruzione prevista per la prossima settimana.
Il programma di perforazione, programmato per iniziare a fine gennaio, si concentrerà inizialmente sull'Area B, seguito dalle A, I e da una tendenza conduttrice non testata. Le perforazioni storiche nell'Area B hanno rivelato un significativo cambiamento della argilla attraverso la arenaria, con pirite alterata e arricchimento di uranio nella parte inferiore della arenaria. L'area mostra una vasta breccia e fratturazione, con oltre 50 metri di spostamento di incongruenza verticale, con alterazione idrotermale che si estende in profondità nelle rocce di fondazione.
Il CEO Jeremy Poirier ha sottolineato che il progetto ha beneficiato di oltre 20 milioni di dollari in investimenti precedenti per l'esplorazione e anni di ricerca.
Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) ha anunciado actualizaciones respecto a su próximo programa de perforación invernal en el proyecto de uranio Cree East en la cuenca de Athabasca de Saskatchewan. La empresa está en proceso de construir caminos de acceso congelados, con la movilización del equipo del campamento y la construcción esperada para la próxima semana.
El programa de perforación, programado para comenzar a finales de enero, inicialmente se enfocará en el Área B, seguido por las Áreas A, I y una tendencia conductora no probada. Las perforaciones históricas en el Área B revelaron una alteración significativa de la arcilla a través de la arenisca, con pirita alterada y enriquecimiento de uranio en la arenisca inferior. El área muestra una extensa brecha y fallas, resultando en más de 50 metros de desplazamiento vertical de incongruencia, con alteración hidrotermal que se extiende profundamente en las rocas basales.
El CEO Jeremy Poirier destacó que el proyecto ha beneficiado de más de 20 millones de dólares en inversiones previas en exploración y años de investigación.
넥서스 우라늄 주식회사 (CSE: NEXU) (OTCQB: GIDMF)는 사스캐처원의 아타바스카 분지에 위치한 크리 이스트 우라늄 프로젝트에 대한 겨울 굴착 프로그램의 업데이트를 발표했습니다. 현재 이 회사는 얼음 접근 도로를 건설 중이며, 캠프 팀의 동원 및 건설이 다음 주에 예정되어 있습니다.
이 굴착 프로그램은 1월 말에 시작될 예정이며, 초기에는 B 지역을 목표로 하고, 그 다음으로 A, I 지역 및 테스트되지 않은 도관 경향을 다룰 것입니다. B 지역의 과거 굴착은 사암 전역에 걸쳐 상당한 점토 변화를 보여주었으며, 아래 사암에서는 변형된 황철광과 우라늄 농축이 관찰되었습니다. 이 지역은 광범위한 파쇄 및 단층이 있으며, 50미터 이상의 수직 불일치 이동이 발생했으며, 수열변화는 지하 암석 깊숙이까지 확장됩니다.
CEO 제레미 포리에르는 이 프로젝트가 2천만 달러 이상의 이전 탐사 투자와 수년 간의 연구로 혜택을 받았음을 강조했습니다.
Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) a annoncé des mises à jour concernant son prochain programme de forage hivernal au projet d'uranium Cree East dans le bassin d'Athabasca en Saskatchewan. L'entreprise construit actuellement des routes d'accès gelées, avec la mobilisation de l'équipe de camp et la construction prévue pour la semaine prochaine.
Le programme de forage, prévu pour commencer fin janvier, ciblera initialement la zone B, suivie des zones A, I et d'une tendance de conducteur non testée. Les forages historiques dans la zone B ont révélé une altération significative de l'argile à travers le grès, avec de la pyrite altérée et une enrichment en uranium dans le grès inférieur. La zone présente une large brèche et des failles, entraînant plus de 50 mètres de déplacement vertical d'incongruité, avec une altération hydrothermale qui s'étend profondément dans les roches du socle.
Le PDG Jeremy Poirier a souligné que le projet a bénéficié de plus de 20 millions de dollars d'investissements antérieurs en exploration et d'années de recherche.
Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) hat Aktualisierungen zu seinem bevorstehenden Winterbohrprogramm im Cree East Uran-Projekt im Athabasca-Becken in Saskatchewan bekannt gegeben. Das Unternehmen baut derzeit Eiszugangsstraßen, und die Mobilisierung des Camp-Teams sowie der Bau werden in der kommenden Woche erwartet.
Das Bohrprogramm, das Ende Januar beginnen soll, wird zunächst die Zone B anvisieren, gefolgt von den Zonen A, I und einem ungetesteten Leitertrend. Historische Bohrungen in der Zone B zeigten eine signifikante Tonveränderung im gesamten Sandstein, mit veränderter Pyrit und Urananreicherung im unteren Sandstein. Das Gebiet weist umfangreiche Brechungen und Verwerfungen auf, was zu über 50 Metern vertikalem Unstimmungsversatz führt, während hydrothermale Veränderungen tief in die Grundgesteine eindringen.
CEO Jeremy Poirier hob hervor, dass das Projekt von über 20 Millionen Dollar an vorherigen Explorationsinvestitionen und jahrelanger Forschung profitiert hat.
- Project has received over $20 million in prior exploration investment
- Historical drilling showed promising uranium enrichment in Area B
- Significant geological features including extensive alteration and 50m vertical unconformity displacement
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) (the "Company" or "Nexus") is pleased to provide an overview of the upcoming winter drill program at its flagship Cree East uranium project, located in the prolific Athabasca Basin, Saskatchewan.
The winter access ice access road construction remains ongoing with camp crew mobilization and construction anticipated over the coming week. The drill program, which is expected to commence in late January, will initially focus on testing Area B followed by Areas A, I, and an untested conductor trend (see figure). Historical drilling from Area B intersected clay alteration which extends throughout the entire sandstone with altered pyrite and associated uranium enrichment in the lower sandstone. The sandstone alteration is associated with wide intersections of brecciation and faulting, causing over 50 metres of vertical unconformity displacement. Hydrothermal alteration persists deep into the basement rocks.
"We're eager to begin the winter drill program at Cree East, a project shaped by years of thorough research and preparation in addition to leveraging over
Figure 1
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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 programThese 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236214
FAQ
When will Nexus Uranium (GIDMF) begin its winter drill program at Cree East?
What areas will GIDMF's Cree East drill program target first?
What were the historical drilling results in Area B of GIDMF's Cree East project?
How much previous exploration investment has been made in GIDMF's Cree East project?
