Global Uranium and Enrichment (ASX:GUE) has announced the completion of its 2025 drill program at the Pine Ridge Uranium Project in Wyoming's Powder River Basin.
Conducted through the 50/50 joint venture Powder River Basin with Snow Lake Energy (NASDAQ:LITM), the program comprised 114 drill holes totaling 38,000 meters (125,000 ft).
Results confirmed widespread uranium mineralisation, defining at least 25 roll-front horizons across three major sandstone packages and extending the continuity of previously identified deposits.
Highlights include 2.6m at 0.101% U₃O₈ from 257.6 meters in PR25-093, 2m at 0.092% U₃O₈ from 314.8m in PR25-017, and 3.5m at 0.054% U₃O₈ from 321.3 meters in PR25-031.
Managing Director Andrew Ferrier stated, "The program confirms the presence of uranium mineralisation in multiple zones and supports further assessment and exploration across the Pine Ridge Project."
The mineralisation is hosted within two major sandstone units of the Tertiary Fort Union Formation, with geologically and hydrologically isolated zones suitable for potential in-situ recovery development.
The Pine Ridge Project, located near Cameco’s Smith Ranch Mill, is strategically positioned within the premier US uranium-producing region.
At the time of reporting, Global Uranium and Enrichment's share price was $0.079.