Pine Ridge Uranium Project Delivers Excellent Initial Drill Results

Core Insights - Snow Lake Resources Ltd. has announced promising initial drill results from its Pine Ridge Uranium Project located in the Powder River Basin, Wyoming, in a joint venture with Global Uranium and Enrichment Limited [1][4]. Drilling Results - A total of 33 drill holes have been completed, totaling 12,540 meters (41,140 feet) of drilling, with significant intercepts including: - 1.1 meters at 780 ppm U3O8 within a broader interval of 3.5 meters at 540 ppm U3O8 - 1.2 meters at 1,320 ppm U3O8 within a broader interval of 2.0 meters at 920 ppm U3O8 [2][5]. - Other notable results include: - 2.0 meters at 0.092% (920 ppm) U3O8 from 314.8 meters in hole PR25-017 - 2.3 meters at 0.071% (710 ppm) U3O8 from 411.6 meters in hole PR25-008 - 1.8 meters at 0.042% (420 ppm) U3O8 from 388.0 meters in hole PR25-009 [5][8]. Project Development - The CEO expressed optimism regarding the drill results, highlighting the confirmation of redox boundaries and uranium mineralization, indicating strong development potential for the Pine Ridge project. The drill program is set to continue through the second half of 2025, aiming for a maiden mineral resource estimate by year-end [4][5]. - The ongoing drilling is focused on near-surface roll front mineralization, with results confirming the original concept of multiple redox boundaries hosted by various sand horizons [7][8]. Project Overview - The Pine Ridge Uranium Project is an In-Situ Recovery (ISR) uranium exploration project situated in the southwestern Powder River Basin, surrounded by existing uranium projects and located approximately 15 kilometers from Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5 million pounds U3O8 per annum [10][13].