Cauldron Energy Limited (AU:CXU) has released an update.
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Cauldron Energy Limited reports high-grade uranium mineralization in the first four drill holes at Manyingee South, part of the Yanrey Uranium Project, indicating a significant discovery. The mineralization, similar to the adjacent Paladin Energy’s Manyingee Deposit, spans a 1.5km strike length and has yielded results up to 908 ppm eU3O8. With the largest tenement holding in the region, Cauldron Energy is poised to further explore and potentially identify additional uranium deposits.
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