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UEX reports new high-grade cobalt-nickel identified at Michael Lake

Mar 08, 2021 - Marketline Newswire

UEX (UEX) reported that a new zone of cobalt-nickel mineralization was intersected at Michael Lake with the fourth hole of its 2021 winter uranium-cobalt exploration drill program on the West Bear Property.

Drill hole MIC-004 intersected mineralization that grades 0.52% Co and 1.01% Ni over 23.5 m from 44.0 to 67.5 m within intensely altered basement rocks. Two separate subintervals within this mineralized zone returned assay grades of 2.08% Co and 3.58% Ni over 4.5 m (from 46.5 m to ...