Generation Uranium - Exploring For Uranium In The Thelon Basin
Chris Huggins, Director of Generation Uranium (TSX.V: GEN) (OTCQB: GENRF), joins me for a comprehensive introduction to this new resource company exploring for uranium at their flagship Yath Project, located in the Thelon Basin of Nunavut, Canada.
We start off talking about how the company came together picking up the mineral concessions at their Yath Project, with the thesis that high-grade uranium was encountered here by prior exploration, but that they didn't drill deep enough to hit the unconformity of mineralized zones. With a better understanding now of how unconformity uranium deposits form, this team is going to be testing the deeper targets using modern exploration methods. The are going to generate these targets by the conducting an airborne electromagnetic survey over their Yath Uranium Project in conjunction with Atha Energy. They are also utilizing Apex Geoscience to assist with permitting, targeting, and the future drilling at the Project.
Chris then goes on to share his background in the mining industry as a geologist, along with the background of CEO, Anthony Zelen. He breaks down the tight share structure at just under 27 million shares outstanding, and that the company is cashed up with $1.7Million in the treasury for moving its work programs forward. The company is targeting first drilling by year-end or early Q1 2025.
If you have any questions for Chris about Generation Uranium, then please email them in to me @ Shad@kereport.com.
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