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Further work is underway to finalise the drill hole locations, however, a diamond drilling program comprising about 10-15 drill holes of 200-250 metres depth is being proposed.
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Valor has also contracted camp construction to Discovery Mining Service with the camp to form the base for the company’s 2022 winter drilling activities.
The company will use the cash injection to expand and accelerate exploration across its two main Athabasca Basin properties: the Hook Lake and Cluff Lake uranium assets.
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Valour recently raised A$5.4 million through a placement to support exploration across its Athabasca Basin uranium portfolio in Canada.
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The drill targets at Hook Lake are highlighted by the S Zone target where surface sampling by Valor returned assays of up to 59.2% U3O8.
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The on-site exploration work is being managed by Dahrouge Geological Consulting Ltd, of Edmonton, Alberta, Canada with the geophysical compilation and interpretation being carried out by Terra Resources Pty Ltd. of Perth, Australia.
Valor Resources Ltd (ASX:VAL) has signed a drilling contract with Major Drilling Group International for its maiden drilling program at the Hook Lake Uranium Project in Canada’s prolific Athabasca Basin
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Capital raised will also support work programs on five other uranium projects in the basin — the Surprise Creek, Lorado and Smitty mines, Hidden Bay and Pendleton Lake assets.
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2015124 — The best drill bits for drilling through steel or thick metal are cobalt bits or titanium-coated HSS bits. They offer better heat resistance and ...