Nexus Uranium Corp.: Drilling Program Update at the Cree East Project in Saskatchewan
Vancouver, British Columbia – Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) (“Nexus” or the “Company”) is excited to share progress on its ongoing drilling program at the Cree East Project, located in the Athabasca Basin, Saskatchewan. The Company has completed three drill holes, totaling 1,521 metres, in Area B of the project.
Drilling Program Details
The drilling program is focused on follow-up exploration and targeting uranium mineralization. The first hole, CE25-03, was drilled to test the down-dip extension of the previously reported high-grade uranium intersections in the area. CE25-04 and CE25-05 were drilled to test the strike extension of the mineralized trend.
Significant Intersections
Preliminary results from CE25-03 have revealed significant uranium intersections, including 1.35% U3O8 over 1.5 metres, and 0.14% U3O8 over 5.5 metres. The drill core from CE25-03 and CE25-04 is currently being prepared for assaying, and results are expected in the coming weeks.
Historical Context
The Cree East Project is situated in the eastern Athabasca Basin, an area known for its rich uranium deposits. Nexus acquired the project in 2021, and since then, the Company has made several discoveries, including the high-grade uranium intersections in Area B that the current drilling program is targeting.
Impact on Nexus and the Uranium Market
The successful drilling program at the Cree East Project represents a significant milestone for Nexus Uranium. The Company’s shares have already shown a positive reaction to the news, with a noticeable increase in trading volume and share price. Furthermore, the results from the drilling program could potentially lead to an increase in Nexus’ uranium resources, making the Company a more attractive investment opportunity in the uranium market.
Global Implications
The uranium market has been experiencing a resurgence in recent years due to the growing demand for clean energy and the depletion of existing uranium reserves. The successful exploration and development of new uranium projects, such as the Cree East Project, are crucial in meeting the world’s energy demands and ensuring a stable uranium supply. Moreover, the findings from the Cree East Project could potentially lead to advancements in uranium mining technologies and techniques, benefiting the global mining industry as a whole.
Conclusion
Nexus Uranium Corp.’s ongoing drilling program at the Cree East Project in Saskatchewan is a promising development for the Company and the uranium market. The successful drilling results and potential increase in uranium resources could lead to increased investor interest and a more significant role for Nexus in the global uranium market. The broader implications of this discovery extend beyond Nexus, as it represents an essential step towards meeting the world’s growing demand for clean energy and ensuring a stable uranium supply. Stay tuned for more updates on Nexus Uranium and the Cree East Project.
- Nexus Uranium Corp. has completed three drill holes in Area B of the Cree East Project, totaling 1,521 metres.
- The drilling program is focused on follow-up exploration and targeting uranium mineralization.
- Preliminary results from CE25-03 have revealed significant uranium intersections.
- The successful drilling program and potential increase in uranium resources could lead to increased investor interest and a more significant role for Nexus in the global uranium market.
- The broader implications of this discovery extend beyond Nexus, as it represents an essential step towards meeting the world’s growing demand for clean energy and ensuring a stable uranium supply.
