TNT Mines sampling hits high-grade uranium, vanadium ahead of drilling
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Special Report: TNT Mines’ underground channel sampling work has returned high-grade uranium and vanadium results ahead of an initial surface drilling program this quarter.
Notable results from the sampling undertaken at the None Such and Bonanza workings at the East Canyon project in Utah include 1m at 1.27 per cent uranium and 4.53 per cent vanadium as well as 2m at 0.59 per cent uranium and 2.87 per cent vanadium.
The results were returned from samples which emitted radiation levels that exceeded the safe handling limits of the ALS laboratory in Nevada and had to be transported to the ALS facility in Vancouver for assay.
Additionally, TNT Mines (ASX:TIN) has identified underground mineralised faces that were historically drilled for mining uranium and vanadium, but that were never blasted and mined.
Both the grade of the channel sample results and the extent over which they have been taken have exceeded the company’s original expectations and provide confidence for the upcoming drill program.
Visible uranium and vanadium mineralisation was previously observed throughout both workings and the Bonanza workings were also found to be more extensive than first understood.
The company added that initial mapping and sampling of None Such and Bonanza was now complete and that priority exploration drill targets had been identified.
Permitting and planning for the initial drill program is underway with the company expecting it to start in the current quarter.
The channel samples were taken from exposed mineralisation within the historical None Such and Bonanza underground workings in the northern area of TNT’s East Canyon claim holdings.
Results from the samples that did not exceed the safe handling limits include 1.25m at 0.26 per cent uranium and 1m at 0.22 per cent uranium along with a top vanadium hit of up to 4.5 per cent.
There’s also further ground to cover as None Such and Bonanza are just two of a multitude of prospects located throughout the East Canyon area that are highly prospective for uranium-vanadium mineralisation.
TNT recently staked 31 additional contiguous unpatented lode claims that expanded its East Canyon landholding to about 18.7sqkm.
The additional claims have also extended the interpreted mineralised uranium and vanadium strike trend by over 1km at both the None Such and Bonanza prospects.
The project is located within trucking distance of TSX-listed Energy Fuels’ White Mesa mill, the only fully licensed and fully operating conventional uranium/vanadium mill in the US.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.