US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU0) confirmed and expanded on historical results during its recently completed exploration program at its Long Canyon Uranium and Vanadium Project in Idaho.
The USCM reported on Tuesday that it expects its sampling results and interpretations will help determine the company’s next steps.
The next steps include further geochemical sampling, detailed geological mapping and a drone spectrometer radiometric survey. These geophysical exercises will help to map areas with stronger concentrations of uranium.
The primary objective is to find more priority targets for drill campaigns. Doing this will help the company determine how much uranium and vanadium mineralization is actually present.
“Long Canyon is an asset with the potential to define a new source of uranium and vanadium in the state of Idaho,” said Darren Collins, CEO and director of US Critical Metals.
“Uranium is potentially a viable source of energy to support the energy transition from fossil fuel and has been gaining momentum with governments and producers internationally. We will continue to allocate resources to further explore this asset.”
Long Canyon comprises 20 contiguous unpatented mining claims and three blocks of four non-contiguous unpatented mining claims in Idaho. The Bureau of Land Management administers the 20 contiguous claims. Furthermore, the United States Forest Service administers the three non-contiguous blocks. Historical soil samples have shown concentrations of up to 3,985 parts per million of U3O8 and 5,279 parts per million of V2O5. USCM holds a 70 per cent interest in Long Canyon.
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Program involves 19 samples from highly prospective formations
US Critical Metals recently completed exploration program focused on expanding and confirming historical results in targeted priority areas, which included indications of drilling and trenching.
The program involved collecting a total of 19 samples from rock formations and locations that are considered promising for uranium exploration.
The previous owners completed three phases of geochemical sampling on the property from 2020 to 2022. These yielded highly anomalous grades of uranium, vanadium, and base metals. This work involved collecting 70 rock chip samples and 383 soil samples.
Here are a few of the highlights from those samples:
- Uranium up to 521 ppm (average of 32 ppm) in rock chip and grab samples and 3,985 ppm (average of 29 ppm) in soil samples.
- Vanadium up to 0.7 per cent (average of 293 ppm) in rock chip and grab samples and 5,279 ppm (average of 159 ppm) in soil samples.
- Nickel up to 0.17 per cent (average of 256 ppm) in rock chip and grab samples and 5,957 ppm (average of 188 ppm) in soil samples.
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Idaho mining offers plenty of opportunity
Idaho is home to multiple different types of mining opportunities, with numerous companies actively exploring and mining gold, copper, and other minerals across the state.
Hecla Mining Company (NYSE: HL) is one such company, focusing on its Lucky Friday silver-lead-zinc mine. Also Perpetua Resources Corp (NASDAQ: PPTA) (TSX: PPTA), which is developing the Stibnite Gold Project known for its potential for antimony, gold and silver extraction.
Furthermore, US Gold Corp (NASDAQ: USAU) is focused on its Challis Property in central Idaho.
This area is renowned for its rich mineral deposits, including gold and copper, amid a broader landscape of polymetallic ores. The Challis property has attracted attention due to its geological diversity and historical mining activities that have uncovered valuable mineralization.
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