It’s all about width and grade as Kingsland begins massive Northern Territory uranium drill
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A 3,800m RC drilling program kicked off on Wednesday at the underexplored Cleo prospect near Pine Creek with 900m of diamond drilling also planned to take place in two weeks.
With government approvals in place and contactors mobilised to site, Kingsland Minerals (ASX:KNG) says the program will confirm previous hits regarding width and grade.
Secondly, it will extend known mineralised zones and supply important geological information to enable a thorough geological interpretation and model to be generated.
A succession of positive uranium news flowing over the past 12-18 months has experts and industry insiders saying it is a matter of “when not if” uranium has its own “lithium moment”.
Stockhead’s own expert in the field deputy editor Reuben Adams says if you believe the bulls, a uranium boom is a near certainty.
KNG managing director Richard Maddocks says the company is excited to begin drilling at Cleo, an under-explored uranium prospect that offers incredible potential.
“Geopolitical uncertainties, supply disruptions and shortages combined with increasing concerns about fossil fuel power generation will, I believe, underpin strong uranium price performance in coming years,” he adds.
“Kingsland Minerals is extremely well placed to take advantage of this.”
Assays are expected in early October.
This article was developed in collaboration with Kingsland Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.