Basin Energy reported assay results from fieldwork at its newly acquired Virka project in northern Sweden.
The Q4 2024 sampling campaign successfully identified two different, structurally controlled mineralization styles – base metal mineralization and lead-uranium-REE mineralization. Samples from an outcropping base metal occurrence returned up to 8.98% Zn, 9.15% Pb, 0.34%Cu, 425g/t Ag, and 0.47g/t Au in sample VRK013.
Samples of an outcrop with oxidized quartz veins returned up to 1.43% U3O8 and 0.14% TREO. Notably, the now-discovered uranium mineralization is located over 8km away from the historic Virka uranium occurrence.
Polymetallic vein outcrop at Virka (A-VRK016) with mineralized boulder from same outcrop (B- VRK 013) (Source: www.basinenergy.com.au)
