NordX Metals Corp. has announced promising assay results from a historical drill core resampling program at its wholly-owned Riutta project, located near Joensuu in eastern Finland. The results confirm significant shallow uranium mineralization, with the most notable finding being an intersection of 11.3 metres grading 0.68% U3O8 from a depth of 21.2 metres in drill hole AREVA DH1. This hole, drilled in 2008 by AREVA (now Orano), had previously gone unassayed due to the company’s global restructuring and a downturn in uranium prices. The core was later acquired by Mawson Resources, which reported a historical result in 2011 consistent with NordX’s recent findings.
In addition to the standout result from the Ristimonttu prospect, other notable intervals were identified, including 2 metres at 0.20% U3O8 and 1.75 metres at 0.033% U3O8 from other drill holes. The resampling program also revealed anomalous grades of copper and silver, indicating a potentially rich mineral environment. Jon Franklin, President and Director of NordX, expressed excitement over the results, highlighting the potential for significant near-surface uranium mineralization along a 3.6-kilometre trend at Riutta.
The Riutta uranium occurrence has a rich history, first discovered in 1958, with four exploration campaigns conducted over the years. Despite extensive drilling, only a limited number of holes have been drilled in recent decades. The project has yielded over 500 mineralized boulders, with many assaying above 1% uranium. The geological setting of Riutta is interpreted as a structurally controlled, low-temperature hydrothermal uranium system, suggesting further exploration could uncover additional resources.
The resampling was conducted under strict quality assurance protocols, ensuring the reliability of the assay data. The results have been reviewed by a qualified geologist, adding credibility to the findings. NordX aims to advance its exploration efforts at Riutta, capitalising on the confirmed mineralization to attract investment and support further development of the project.
In summary, the confirmation of significant uranium mineralization at the Riutta project marks a pivotal moment for NordX Metals, positioning the company for potential exploration success in Finland’s uranium sector. As the demand for uranium continues to grow, the results from Riutta could play a crucial role in meeting future energy needs.
