Ranger 3 Deeps results in line with modelling

Drilling results at the Ranger 3 Deeps project have returned results in line with recent interpretations, according to Energy Resources Australia (ERA).

The underground uranium project expansion of the Ranger Mine has now completed three cross sections of underground close-spaced drilling, comprising 19 drill holes totalling 4,549.2 metres.

Updated resource modelling for Ranger 3 Deeps was released on September 17.

Gamma probing and geochemical analysis have returned results up to 0.956 per cent triuranium octoxide, with results more commonly around the 0.3 per cent mark.

Gamma logging was carried out at every 0.05 metres, with results composited into one metre intervals for equivalent grades, however all equivalent grades above 0.02 per cent have been automatically assigned for geochemical assaying (plus two samples above and below), the results of which will replace results from gamma logging.

ERA said the significant high grade intersections announced were in line with the expected continuity of mineralisation.

Results in this announcement to the ASX were for drilling undertaken at dedicated drilling drive, or Cuddy 11C.

ERA said cross section results from new cuddies will be released as they become available, with three new cuddies due for drilling at the base of the Ranger 3 Deeps decline.

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