Pine Ridge Drilling Yields 2m at 0.092% and 1.2m at 0.132% U3O8
Global Uranium and Enrichment Limited reports promising initial drill results from its Pine Ridge Uranium Project in Wyoming, confirming significant uranium mineralisation and expanding its land holdings.
- First 17 drill holes confirm roll-front uranium mineralisation
- Notable intercepts include 2.0m at 0.092% U3O8 and 1.2m at 0.132% U3O8
- Drilling ongoing with 125 holes planned through November 2025
- Land package expanded by 647 hectares (1,600 acres)
- Project located near major uranium operations including Cameco’s Smith Ranch Mill
Early Drilling Success in Wyoming
Global Uranium and Enrichment Limited (ASX, GUE) has announced encouraging initial results from its maiden drilling campaign at the Pine Ridge Uranium Project, situated in the prolific Powder River Basin of Wyoming, USA. The first 17 drill holes have confirmed the presence of roll-front uranium mineralisation, a key target style for the company’s exploration strategy.
The standout intercepts include a 2.0-metre section grading 0.092% uranium oxide (U3O8) and a higher-grade 1.2-metre interval at 0.132% U3O8. These results validate the geological model and support the potential for defining a substantial uranium resource through ongoing drilling.
Strategic Land Expansion and Project Context
Alongside the positive drill results, Global Uranium has expanded its land position by an additional 647 hectares (1,600 acres), consolidating its footprint in a region already known for uranium production. The Pine Ridge Project is strategically located near existing operations by major players such as Uranium Energy Corporation (UEC) and Cameco, with the latter’s Smith Ranch Mill just 15 kilometres away. This proximity to established infrastructure could be advantageous for future development.
Ongoing Exploration and Future Outlook
The current drilling program is ambitious, targeting 125 holes totaling 38,000 metres by November 2025. The initial wide-spaced drilling was designed to test high-priority targets identified from historical data, and the encouraging results have set the stage for more focused infill drilling to better delineate mineralisation continuity and support a JORC-compliant resource estimate.
Global Uranium’s Managing Director, Andrew Ferrier, highlighted the significance of confirming redox boundaries and uranium mineralisation early in the program, emphasizing the company’s confidence in advancing the project. The exploration team’s expertise and the expanded land package are expected to underpin further positive developments.
Broader Portfolio and Market Position
Beyond Pine Ridge, Global Uranium maintains a diversified portfolio of uranium assets across North America, including projects in Colorado and Canada’s Athabasca Basin, as well as a strategic investment in Australian uranium enrichment technology. This positions the company well amid a global resurgence in nuclear energy demand and uranium market interest.
While the current results are based on gamma probe equivalent uranium estimates rather than direct assay data, they provide a strong foundation for the next phases of exploration and resource definition. Investors will be watching closely as the drilling program progresses and more detailed data emerges.
Bottom Line?
With solid early results and strategic land consolidation, Global Uranium’s Pine Ridge project is poised to advance rapidly, but further drilling and assay confirmation remain critical.
Questions in the middle?
- How will infill drilling refine the continuity and grade of uranium mineralisation at Pine Ridge?
- When can investors expect assay results to validate the gamma probe estimates?
- What are the potential timelines and capital requirements for advancing towards resource definition and development?