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The latest announcement is out from Penbar Capital Ltd. ( (TSE:EVI) ).
Eastport Critical Minerals Corp. has expanded its drilling program at the Foley Uranium Project in Botswana after Phase 1 reverse circulation drilling over a 3.5‑kilometre width identified consistent radioactive anomalies without defined boundaries. The company is shifting to wider‑spaced, one‑kilometre step‑out holes in Phase 2 to constrain the limits of mineralization, test a broader “uranium wash” model in shallow Karoo sediments, and work toward defining a district‑scale exploration target.
The project lies immediately north of the large, undeveloped Letlhakane uranium deposit and is supported by strong local infrastructure, including highway, power, water, and available contractors, positioning Eastport to accelerate exploration if pending assays validate the encouraging gamma logging results. While early data have exceeded management expectations and suggest a more extensive system than initially assumed, the company notes that gamma readings alone do not confirm economic grades, and all work is being conducted under NI 43‑101 standards with independent qualified person oversight.
More about Penbar Capital Ltd.
Eastport Critical Minerals Corp. is a critical minerals development company focused on advancing multiple projects in Botswana, including the Foley Uranium Project in the Central District. The company targets uranium and other critical minerals in prospective Karoo sedimentary basins near major undeveloped uranium deposits, benefiting from established infrastructure and access to skilled mining services.
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