The company has also completed a follow-up reverse circulation drilling and electrical tomography geophysical programme to further define an area with elevated uranium-vanadium on the eastern flank of the previously-drilled area. Drilling and geophysical surveying are expected to resume at the Ivana target next week or during beginning of September. Additionally, the Company is advancing with a beneficiation and metallurgical testwork program on uranium-vanadium mineralised material from Ivana.
"We are very encouraged with the progress of our drill program to date," stated Nikolaos Cacos, President & CEO. "It is promising to see our technical team twice expand the drill program at Ivana since the completion of Phase I drilling."
Currently, a total of 3 729m of reverse circulation drilling in 256 holes and 22.5 line km of electrical tomography has been completed to throughout the project area. Phase 1 (1390 m in 98 holes) drilling results from Ivana were previously reported by the Company on 19 June 2017. The follow-up exploration programme at Ivana comprised 858 metres of RC drilling and 6.5 line kilometres of ET surveying. The remainder of the results from the Phase I drilling, and follow-up drilling at Ivana, are expected to be received and interpreted by early September.
