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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
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