tiprankstipranks
Advertisement
Advertisement

U92 Energy Launches 5,000-Metre Drill Program at Kurupung Uranium Project in Guyana

Story Highlights
  • U92 Energy has hired Orbit Garant to execute a 5,000-metre initial diamond drill program at its Kurupung Uranium Project in Guyana.
  • The drilling aims to expand historical uranium resources, test additional targets and critical minerals, and potentially add a fifth deposit to future estimates.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Claim 55% Off TipRanks

U92 Energy Corp. ( (TSE:UTWO) ) has shared an update.

U92 Energy Corp. has signed a commercial agreement with Orbit Garant’s Guyana unit to carry out a 5,000-metre phase one diamond drill program at its Kurupung Uranium Project in Guyana. The campaign will initially target mineralization along strike and down plunge at the Aricheng South deposit and includes additional drilling at Accori North C, where prior work suggests potential to add a fifth deposit to the project’s future resource estimates.

The program is designed to build on historical uranium resource estimates and more than 129,000 metres of past drilling, with a focus on expanding known mineralization and following up on eight additional targets that previously returned encouraging grades. U92 also plans to test for critical minerals associated with the uranium system, positioning the campaign as a key step in upgrading the project’s geological understanding, increasing its uranium inventory, and potentially enhancing long-term value for shareholders.

More about U92 Energy Corp.

U92 Energy Corp. is a Toronto-based uranium exploration company listed on the TSX Venture Exchange, focused on advancing its Kurupung Uranium Project in Guyana. The company is working to validate and expand historical uranium resource estimates across multiple deposits while also assessing the potential for associated critical minerals, aiming to grow its resource base and long-term project value.

Average Trading Volume: 117,496

Technical Sentiment Signal: Strong Sell

Find detailed analytics on UTWO stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1