Depth Extension at Oasis Raises Stakes for Greenvale’s Uranium Growth Ambitions
Greenvale Energy's maiden drilling at the Oasis Uranium Project in Queensland has revealed multiple high-grade uranium zones, confirming mineralisation continuity and significant depth extensions. These promising results underscore the project's growth potential and position Greenvale as a rising uranium explorer.
- High-grade uranium confirmed in multiple drill holes at Oasis
- First drill hole assays include 9m at 758ppm U3O8 with peaks over 1,600ppm
- Spectral gamma logging validates assay results and reveals deeper mineralisation
- Mineralisation remains open at depth beyond 300m and along strike
- Drilling program nearing completion with further assays pending
Strong Start to Maiden Drilling Program
Greenvale Energy Limited (ASX, GRV) has delivered an impressive debut drilling update from its Oasis Uranium Project in Queensland. The company’s maiden drill campaign has intersected multiple zones of high-grade uranium mineralisation, confirmed through both laboratory chemical assays and spectral gamma logging. These results not only validate historical exploration but also reveal new extensions of the deposit at depth and along strike.
High-Grade Intercepts and Depth Extensions
The first drill hole, 25GRV01, returned a significant uranium intercept of 9 metres averaging 758 parts per million (ppm) U3O8 starting from 40 metres down-hole, including standout one-metre intervals exceeding 1,600 ppm. Spectral gamma logging, which measures natural radioactivity to estimate uranium content, corroborated these assay results and in some cases indicated even higher grades due to its finer sampling resolution.
Subsequent holes have confirmed the continuity of mineralisation, with drill hole 25GRV03 intersecting uranium mineralisation approximately 50 metres deeper than any previous drilling at the project, extending beyond 300 metres vertical depth. This depth extension is a key milestone, as it confirms the deposit remains open and offers substantial upside for resource growth.
Geological Context and Exploration Outlook
The Oasis deposit is hosted within structurally controlled, deformed granite intrusives and high-grade metamorphic rocks, with uranium concentrated in a shear zone dipping steeply west. Historical exploration by major players such as Esso and Mega Uranium laid the groundwork, but Greenvale’s modern drilling program is the first to systematically test extensions at depth and along strike.
With the drilling program nearing completion; only two holes remain to be drilled; Greenvale is poised to receive assay results from nine additional holes. The company plans further spectral gamma logging to refine its understanding of mineralisation continuity. Early-stage regional exploration has also yielded encouraging uranium anomalies, hinting at broader district potential.
Strategic Implications for Greenvale Energy
CEO Alex Cheeseman expressed confidence in the project’s prospects, highlighting the strong correlation between historical data, field observations, and new assay results. The confirmation of high-grade uranium at depth and along strike strengthens Greenvale’s position as a promising uranium explorer in Australia’s emerging nuclear materials sector.
As global demand for uranium intensifies amid the energy transition, discoveries like Oasis could become increasingly valuable. Greenvale’s methodical approach and robust early results set the stage for potential resource upgrades and future development discussions.
Bottom Line?
With high-grade uranium mineralisation confirmed and open-ended at depth and along strike, Greenvale’s Oasis project is entering a critical phase that could reshape its exploration trajectory.
Questions in the middle?
- What will the pending assay results from the remaining drill holes reveal about the deposit’s scale?
- How will Greenvale integrate spectral gamma data with chemical assays to refine resource estimates?
- What are the company’s plans for advancing Oasis toward resource definition and potential development?
