92 Energy identifies potential to expand known mineralisation at Gemini uranium discovery

A ground electromagnetic and high-resolution drone magnetic survey conducted in October by Discovery Geophysics International identified numerous structural analogues to the Gemini Mineralised Zone (GMZ) over a newly-recognised 2.8km fold trend.

The ground survey identified a 600m-long conductor trend reported to reflect the presence of graphite, which bears a close spatial relationship to uranium mineralisation at the GMZ.

GMZ structural analogues on the eastern and western interpreted fold limbs are believed to be coincident with electromagnetic conductor axes and represent high-priority follow-up exploration areas for the company’s winter drilling campaign.

Crews will mobilise to the Gemini location later this month ahead of an initial 4,000m of diamond drilling scheduled for early February.

Prior to the start of the campaign, Discovery Geophysics will carry out additional ground electromagnetics to aid in drill hole planning.

The geophysical surveys identified three high-priority electromagnetic conductors which are believed to contain graphite mineralisation.

One of the conductors is located at the GMZ and appears closely associated with graphite-altered basement rocks directly underlying the uranium mineralisation.

Other conductors were identified north of the GMZ and are interpreted to be a 600m extension of the first conductor.

The third conductor is 350m east of the GMZ, in an area which may be overlain by sedimentary rocks of the Athabasca Supergroup.

The combination of Athabasca Supergroup sedimentary rocks overlying a graphitic fault zone is believed to represent an “attractive exploration area” to host high-grade uranium at the unconformity.

92 Energy managing director Siobhan Lancaster said the survey results were “very promising”.

“Our initial interpretation identified magnetic and electromagnetic signatures similar to those present at the GMZ and in multiple structural positions along a 2.8km-long fold trend,” she said.

“These highly-prospective targets have never been drilled and our team is currently designing a program to test them and [potentially] expand the GMZ discovery.”