Shallow, elevated concentrations of uranium in graphitic rocks have been confirmed in all 4 of the latest holes.
Drill gap M24-017 returned 8.4 metres at 0.30% uranium oxide (U3O8) together with 1.2 metres at 1.79%. Particular person assays of as much as 13.80% and 4.54% U3O8 over 0.1 metre in the identical gap. Drilling encountered the mineralization solely 64 metres beneath floor.
Fortune Bay mentioned the mineralization was intersected inside strongly graphitic and structured rocks, the favoured host rock for Athabasca Basin high-grade deposits. Planning is underway for the winter drill program.
The Murmac strike size is over 30 km. Assays from potential electromagnetic conductors and uranium intercepts have been launched earlier this 12 months. Fortune Bay first drilled the property in 2022.