ATHA Energy Expands Uranium Strike to 3.4 km, Hits 19.5 m of Mineralization at RIB North
SASKF sits 88% above its 52-week low of $0.39.
Summary
ATHA Energy's final seven drillholes at the RIB North Discovery all hit uranium mineralization, extending the mineralized strike length from 1.45 km to 3.4 km and connecting the RIB North and RIB East discoveries. Drillhole RIBN-DD-023 returned 19.5 m of composite uranium mineralization including 2.0 m of high-grade, while RIBN-DD-019 delivered the highest-grade intercept to date with a peak of 78,785 CPS. A new higher-grade sub-zone with 300 m strike and 300 m down-dip extent was identified near the original discovery hole. The company says the system remains open in all directions and plans to release additional results from the Lac 50 corridor in the coming weeks. This is a material expansion of the project's scale and grade potential for a $260M market cap explorer.
At the time of this announcement, SASKF was trading at $0.74 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $259.8M. The 52-week trading range was $0.39 to $1.01. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.