Basin’s new landholding hosts extensions to Geikie uranium targets

Basin has picked up more ground at the Geikie project. Pic via Getty Images share

With uranium sentiment continuing to improve – as highlighted by spot prices hovering in the US$56 per pound range – Basin’s move to acquire additional ground at its Geikie project seems well timed.

The addition of the two claims totalling 11.87km 2 takes the total area covered by Geikie project up to 350.87km 2 .

Importantly for Basin Energy (ASX:BSN) , the new claims are adjacent to its current maiden exploration drilling program of eight holes totalling 2,000m and contain continuations of the current drill targets.“With maiden drilling currently underway at Geikie, it is commendable work by our joint venture partner CanAlaska to secure the interpreted extensions to the current drill targets via the staking of these additional claims,” Managing Director Pete Moorhouse said.“We eagerly await the additional VTEM data, the results of which will […]

Click here to view original web page at stockhead.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.