Announcement Date: 2022-09-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Basin Uranium Corp.
Project name: Mann Lake
Location: Canada
Commodities: Uranium
Highlight: Drilling results incl. 0.5m @ 323ppm U3O8
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia–(Newsfile Corp. – September 7, 2022) – BASIN URANIUM CORP. (CSE: NCLR) (OTC Pink: BURCF) (FSE: 6NP0) (“Basin Uranium” or the “Company”) is pleased to announce the intersection of significant uranium mineralization from the five-hole phase one drill program at its Mann Lake project located 25 km southwest of the McArthur River Mine and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit. 323 ppm U3O8 over 0.5 meters, intersected 30 metres below the unconformity within a broader 7.2-metre interval of anomalous uranium and graphite mineralization in hole MN22002. Additionally, 46 ppm U3O8 over 0.5 meters intersected 8 metres below the unconformity and immediately beneath a strongly sericite bleached shear zone in hole MN22004. Significant boron (B) mineralization, which serves as a pathfinder element for uranium deposits, with over 1,000 ppm B encountered at the unconformity in hole MN22005, 525 ppm B encountered at the unconformity in hole MN22001 and 319 ppm B in dravite (boron-rich clay) blow the unconformity in hole MN22003.
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