Valor Resources finalising Hook Lake diamond drilling program for prospective uranium zones

Valor Resources finalising Hook Lake diamond drilling program for prospective uranium zones

"Over the past month with the increase in the spot uranium price to over US$50/lb we have seen an unprecedented land grab in the Athabasca Basin. Most of the basin has been pegged which highlights the excitement and prospectivity of this area," says executive chairman. Valor Resources Ltd ( ASX:VAL ) is planning a follow-up diamond drilling program at Hook Lake Uranium Project in Canada’s prolific Athabasca Basin following an on-ground field program that returned assays of up to 59.2% U3O8.

Drilling will test at depth and along strike at a historical trench at Hook Lake/Zone S Prospect where surface sampling returned high-grade assays of up to 59.2% U3O8, 5.05% total rare earth oxides (TREO), 507 g/t silver and 14.5% lead.

The company has already secured all necessary permits for the drilling program granted by the Saskatchewan Ministry of Environment and relevant stakeholders, including First Nations communities, are being contacted regarding […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet