Forte Energy (LON:FTE, ASX: FTE) said initial assays from an ongoing 10,000 metre reverse movement drilling program at the A238 prospect in Mauritania confirm mineralised extensions to the northwest of the prospect and at depth under the existing uranium resource.
Initial assays for 36 of the 55 holes drilled to date show prominent intersections of 25 metres at 357 parts per million (ppm) uranium, 10 metres at 510ppm uranium, 8 metres at 312ppm uranium and 22 metres at 320ppm uranium.Of the holes drilled at the A238 prospect, 90 per cent have encounter mineralisation.
Forte expects to announce a supply upgrade for the prospect in the first quarter. The JORC resource for A238 stands at 14.9 million pounds of U3O8. Assays for the exceptional 19 drill holes are due shortly. The program was aimed at drilling outside of the accessible inferred supply and testing the potential mineralised extensions both at depth and along strike.
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