Urve Limited (ASX: UVA) presents a promising advancement in its East Canyon Uranium Project situated in south-eastern Utah, USA. The recent update highlights the successful June-July 2023 scintillometer work program, which has unveiled significant findings. Notably, rock chip samples have shown elevated counts per second (cps) via a hand-held scintillometer (Radiation Solutions 125), signifying notable gamma radioactivity levels surpassing background levels.
Laboratory results from these samples are encouraging, revealing concentrations of up to 1.70% U3O8 (Uranium oxide) and 8.64% V2O5 (Vanadium oxide). Additionally, the project benefits from the ongoing analysis of airborne magnetic and radiometric survey data that spans the entire East Canyon area, with results anticipated in the upcoming weeks. This development underscores URVE Limited's commitment to progressing its East Canyon Uranium Project and signifies a significant step forward in the exploration of high-grade uranium and vanadium resources.
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