Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Starmer says UK to recognize Palestinian state if...
‘Critical’ closed-door congressional huddle focuses on growing antisemitism...
Trump’s CDC pick confirmed—but her pro-vaccine stance may...
Trump pick Emil Bove confirmed as federal judge...
From Gaza to Greenland, Macron breaks with Trump...
Schumer calls on FBI to conduct counterintelligence threat...
Biden ‘Politburo’ member Steve Ricchetti to appear before...
Trump looks to skip G20 summit in South...
Backlash against Sydney Sweeney ‘jeans/genes’ ad gets mocked...
Biden ‘Politburo’ member Steve Ricchetti appears before House...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Ashburton Mineralisation Expands as Project Delivers Wide and High-grade Uranium Drill Results

by admin November 4, 2024
November 4, 2024
Ashburton Mineralisation Expands as Project Delivers Wide and High-grade Uranium Drill Results

Piche Resources Limited (ASX: PR2) (“Piche” or the “Company”) is pleased to announce drilling results from a further eight holes at its Ashburton uranium project in Western Australia. Results to date highlight the potential for both high grade and broad zones of uranium mineralisation.

HIGHLIGHTS

  • ADD003 has delivered the widest intersection recorded to date with a 39m intersection immediately above the Proterozoic unconformity.
  • Equivalent U3O8 concentration from recent drillholes include:

ADD003 39.28m @ 553 ppm eU3O8 from 124.12m

incl 1.28m @ 1,460 ppm eU3O8 from 125.46m

and 0.84m @ 1,184 ppm eU3O8 from 151.54m

and 2.42m @ 2,681 ppm eU3O8 from 155.10m

and 1.90m @ 2,215 ppm eU3O8 from 161.40m

ARC008 3.86m @ 720 ppm eU3O8 from 137.36m

ARCD005 6.50m @ 639 ppm eU3O8 from 115.23m

incl 3.02m @ 930 ppm eU3O8 from 115.23m

ADD005 10.48m @ 1412 ppm eU3O8 from 114.30m

incl 2.04m @ 3508 ppm eU3O8 from 115.72m and 0.50m @ 2911 ppm eU3O8 from 119.28m

4.08m @ 2075 ppm eU3O8 from 141.94m

incl 2.04m @ 2875 ppm eU3O8 from 142.10m

1.04m @ 1918 ppm eU3O8 from 145.80m

1.04m @ 1103 ppm eU3O8 from 148.44m

  • Analyses of the drill core has
    1. demonstrated a northwest structural control on mineralisation
    2. mineralisation along the unconformity and
    3. within the overlying sandstone and the basement.

The combined reverse circulation and diamond drilling programme has exceeded the Company’s expectations, having met its original aims of confirming historical results, testing the potential northwest structural control of mineralisation, and expanding the known uranium mineralised envelope.

Results from the drilling are included in Table 1 with the drill hole details in Table 2. In total, 1,776m of reverse circulation drilling and 1,147m of diamond drilling have been completed for a total of 18 holes.

Drilling at Angelo A has confirmed the continuity of mineralisation, identified a steeply dipping mineralised structure and highlighted the undulating nature of the Proterozoic unconformity (Figure 1). A potential northwest trending structure containing uranium mineralisation was intersected between ARC004 and ARC006.

Evidence of a mineralised northwest oriented structure was encountered in ADD001, located over 1km to the northwest of Angelo A. Structural logging of this hole highlighted a shallow dipping (35 degrees) mineralised structural trending to the northwest.

The drilling programme has also confirmed historical drill results from over 40 years ago.

Diamond drill hole ADD003 identified 39.28 metres of uranium mineralisation (Figure 2), highlighting the potential to expand the area of mineralisation at both the Angelo A & B prospects, and along strike to the northwest and southeast.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Big Pharma Stocks Eli Lilly, AbbVie and Pfizer Share Q3 Results
next post
Pink Bark: Rare Earth, Kaolin and Uranium Potential

You may also like

Notice of Initial Substantial Holder – Regal Funds...

November 18, 2024

Low Cost Technology to be Trialed in DLE...

September 19, 2024

Kobo Resources Launches Limited Edition Jersey to Support...

July 8, 2025

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024

NorthStar Gaming Announces Grant of Equity Incentive Awards...

July 13, 2025

Cygnus secures another two years to increase its...

April 2, 2025

Anteros Completes 3D Modelling and Identifies New Critical...

March 27, 2025

XRG Investor Presentation FY24

September 13, 2024

Spodumene Pegmatite Discovered at Agboville and Rubino

May 22, 2025

Juggernaut Files for Approval of Private Placement Financing

June 13, 2025

Recent Posts

  • Starmer says UK to recognize Palestinian state if Israel doesn’t agree to ceasefire, Hamas must ‘disarm’
  • ‘Critical’ closed-door congressional huddle focuses on growing antisemitism in US, Mamdani’s rise
  • Trump’s CDC pick confirmed—but her pro-vaccine stance may clash with RFK Jr.’s agenda
  • Trump pick Emil Bove confirmed as federal judge after furious Democrat walkout, whistleblower complaints
  • From Gaza to Greenland, Macron breaks with Trump on global flashpoints

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (845)
    • Investing (2,651)
    • Politics (3,267)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.