Gamma Resources Advances Permitting for Mesa Arc Uranium Drilling in New Mexico

Medallion Resources ( (TSE:GAMA) ) has shared an update.

Gamma Resources has submitted a Notice of Intent to the U.S. Forest Service for an exploration drilling program at its Mesa Arc Uranium Project in New Mexico, marking a key step toward advancing the asset. The company is preparing a formal Plan of Operations and working through the NEPA review process as it targets 10–12 drill holes to validate historical data, test favourable stratigraphy, and move the project toward resource delineation.

Management describes Mesa Arc as a district-scale opportunity aligned with a tightening uranium market and increasingly supportive U.S. policy framework that fast-tracks critical mineral and nuclear fuel-cycle projects. Alongside the permitting progress, Gamma announced the resignation of director Stephen Goodman, a minor board change as the company positions itself within a domestic uranium sector benefiting from structural supply deficits and pro-nuclear federal initiatives.

More about Medallion Resources

Gamma Resources Ltd. is a Vancouver-based mineral exploration company focused on uranium assets in the United States. Its flagship Mesa Arc Uranium Project in northern New Mexico covers roughly 4,520 acres across 226 federal lode claims in a historically productive uranium belt, where past drilling has confirmed documented uranium mineralization.

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Current Market Cap: C$3.28M

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