The firm has recently added a third drill rig to the program, while two additional rigs are expected to begin in the near term. "The potential of multiple stacked uranium mineralized units can be compared in concept to oil and gas where there are commonly multiple pay zones (oil and gas bearing units) in a producing well or in many gold systems where near surface gold deposits overlay one or more deeper-rooted structures or units with gold mineralization."
#Encore energy tyler tx full#
READ: enCore Energy closes $30M bought deal public offering with full exercise of over-allotment option "The results indicate enhanced potential for further uranium mineralization not only from the previously known shallow deposits but more importantly the virtually untested numerous stacked mineralized sands underlying the licensed production area. "We are pleased with the initial results from the on-going drill programs which have been designed to expand known mineralization at Rosita South and explore for new deposits at depth," said William M Sheriff, executive chairman of enCore Energy, in a statement. The drilling has also established an extension of mineralization in the so-called production area, supporting a start-up of the past-producing in-situ recovery (ISR) Rosita plant in 2023. So far, 32 holes, for around 11,000 feet (ft), have been reported and eight mineralized sands plus a potential further four have been identified, all within 800 ft of the surface. has hailed the latest drill results from its Rosita South project, which have underscored the potential to discover future uranium resources across the entire Texas property.
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