Codrus Minerals (ASX: CDR) has started exploring at its Jasper Wedge Uranium Project in the Athabasca Basin of Canada. The project has found several exploratory opportunities and is ideally placed near active mines, including Cigar Lake. Soil sampling will come after initial work on UAV magnetics and ground geochemical surveys. An examination of historical data has shown structural elements that support uranium mineralization. Codrus strives for effective, focused exploration to maximize subsequent drilling.
The company has allocated AU$2 million for this phase of exploration, aiming to define a high-grade uranium resource. Codrus remains optimistic about the project's potential to deliver substantial returns for shareholders. With a strong commitment to safety and sustainability, Codrus aims to align its exploration activities with the highest environmental standards. The successful development of this project could significantly enhance the company’s portfolio and market position.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
