Global Uranium and Enrichment Limited has kicked off a major drilling campaign at its Pine Ridge Uranium Project in Wyoming, aiming to unlock a significant uranium resource in the prolific Powder River Basin.
- Permit approval secured from Wyoming DEQ for maiden drill program
- 38,000 metres of drilling targeting high-priority uranium zones
- Pine Ridge located near Cameco’s Smith Ranch Mill in a top US uranium basin
- Joint venture with Snow Lake Energy advancing exploration rapidly
- Drilling results to underpin first JORC Mineral Resource Estimate
Exploration Milestone Achieved
Global Uranium and Enrichment Limited (ASX, GUE) has announced the commencement of a substantial exploration drilling program at its Pine Ridge Uranium Project in Wyoming’s Powder River Basin. This marks a critical step forward following the receipt of the necessary permit from the Wyoming Department of Environmental Quality, allowing the joint venture with Snow Lake Energy to proceed with its maiden drill campaign.
The Powder River Basin is widely regarded as the premier uranium-producing region in the United States, particularly for In-Situ Recovery (ISR) operations. Pine Ridge’s proximity, just 15 kilometres, to Cameco’s Smith Ranch Mill, one of the largest licensed uranium processing facilities in the country, underscores the strategic advantage of this project.
A Large-Scale, Targeted Drilling Program
The JV plans to execute an ambitious 38,000-metre drilling program focused on high-priority targets identified through detailed geological modeling. This extensive campaign aims to systematically test multiple uranium roll fronts within the project area, leveraging the expertise of regional specialists such as Bryan Soliz, who brings over 25 years of experience in the Powder River Basin.
Operationally, the drilling will be conducted by Single Water Services LLC, a contractor familiar with the site, supported by Hawkins CBM Logging for geophysical analysis. The potential addition of a second rig could accelerate progress, reflecting the JV’s commitment to advancing Pine Ridge swiftly.
Strategic Positioning in a Growing Uranium Market
Global Uranium’s Pine Ridge project is part of a broader portfolio that includes assets in the US and Canada, positioning the company to benefit from a renewed global interest in nuclear energy. The company’s focus on both uranium exploration and enrichment technologies, such as its stake in Australian-based Ubaryon, highlights a diversified approach to capitalizing on the nuclear fuel cycle.
With over 1,200 historical drill holes and extensive redox front mapping, Pine Ridge holds the potential to evolve into a tier-one uranium asset. The upcoming drilling results will be pivotal in defining a maiden JORC Mineral Resource Estimate, a key milestone that could significantly enhance the project’s valuation and attractiveness to investors.
Looking Ahead
As drilling progresses, market watchers will be keen to see how the exploration results translate into resource upgrades and development plans. The JV’s ability to efficiently execute this program in a highly prospective uranium district could set the stage for Pine Ridge to emerge as a cornerstone asset in the US uranium landscape.
Bottom Line?
The Pine Ridge drilling program could redefine Global Uranium’s growth trajectory amid a resurging nuclear energy sector.
Questions in the middle?
- What initial assay results will reveal about the size and grade of uranium mineralization?
- How quickly can the JV translate drilling success into a formal JORC Mineral Resource Estimate?
- What are the potential timelines and capital requirements for advancing Pine Ridge towards production?