Optionality – A Polymetallic discovery providing further depth to the metals basket
Payback, 13km south of Phoenix, assays from four massive sulphide rock chip samples returned:
| 42.20% Cu | 716g/t Ag | (F005604) |
| 30.20% Cu | 153g/t Ag | (F005602) |
| 10.3% Cu | 116g/t Ag 2.04g/t Au | (F005601) |
| 9.55% Cu | 80g/t Ag | (F005603) |
Payback
Located south of the historic Echo Bay & Eldorado mines and only 13km south of Phoenix
High grade polymetallic, fracture and veinlet controlled mineralization – confirmed by maiden field campaign & historic exploration:
The Payback area is hosted at the contact of a gabbroic dyke and the surrounding granites and consists of massive copper sulphide of bornite and chalcopyrite within a vertical fracture network. The gabbroic dyke can be traced for over 4 km E/W and offers significant further discovery potential at Payback. 4 samples were taken covering 15 m of strike length in an east-west orientation. Visible uranium and cobalt secondaries were noted in one sample (F005601) which returned 10.30 % Cu, 2.04 g/t Au, 116 g/t Ag, 816 ppm Co and 0.113% U3O8.
Historic Results indicate high grade potential for Uraniuk:
- 14.15% U3O8, 6.22g/t Au & 122g/t Ag
- 15.15g/t Au, 137g/t Ag, & 2.32% U3O8
Previously drill tested by 3 shallow holes that included 5.5m @ 1.7% Cu and 23.9g/t Ag
Photograph of mineralized outcrop for sample F005604 which returned 716g/t Ag and 42.2% Cu at Payback.
Map of samples taken from Payback during the 2024 maiden fieldwork. Assay results for the 4 samples taken are labelled. Prospective gabbroic dyke shown by purple line which extends over 4km strike length