The company is confident there are opportunities to make further discoveries of high-grade uranium mineralisation at the heavily under-explored project. Pic: Getty Images.
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Special Report: Koba Resources has reported exceptionally high-grade rock chip assays from the inaugural sampling program at its 489km² Harrier uranium project in Canada.
Harrier sits within a world-class, yet heavily underexplored, uranium district in Newfoundland and Labrador that hosts numerous deposits including Paladin Energy’s (ASX:PDN) Michelin, which has a resource of 127.7Mlbs U3O8.
The company returned a whopping 74,800ppm (7.48%) U3O8 and 72,000ppm (7.20%) U3O8 from rock chips, with a further 5 samples assaying >30,000ppm (3.0%) U3O8 at the Moran Heights prospect.
At Anomaly 7, an outcrop sample also returned 17,100ppm (1.71%) U3O8 and 12 of the 21 samples collected assayed over 1,000ppm (0.10%) U3O8.
Plus, Koba Resources (ASX:KOB) has now discovered high grade mineralisation at several new prospects, including the:
The company says the demonstrated presence of widespread, very high-grade uranium mineralisation across the heavily underexplored 489km2 project, indicates considerable potential to make a significant discovery.
“The results from our inaugural sampling and prospecting program at the Harrier uranium project are exceptional, with rock chips assaying up to 7.48% (74,800ppm) U3O8,” managing director and CEO Ben Vallerine said.
“These values are extremely high on a global scale and provide us considerable encouragement as we continue to advance exploration at Harrier.
“In addition to confirming the high-grade nature of our existing prospects, we are very excited to have discovered high-grade mineralisation at three new prospects including the Goshawk Project, where assays up to 3.68% (36,800ppm) U3O8 have been returned from a previously unexplored area.
“Koba’s team has done a fantastic job, and we look forward to conducting our next phase of field work at Harrier.”
Having now assessed the mineralisation and geology on the ground, and following receipt of assay results, the company has prioritised several prospects for a follow up program.
As part of the recent field program, Koba also investigated the historic Gibson base metal prospect from which it collected four samples from a 1m wide massive sulphide vein over approximately 40m of outcrop that disappears under cover.
Very high-grade zinc-lead-silver assays were returned from all four samples, including:
These initial, very high-grade base metal results are very promising and also warrant further investigation.
This article was developed in collaboration with Koba Resources, 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.
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