Geiger Energy starts drilling at Hook project

Executive Summary

• Geiger Energy Corp. has commenced winter drilling at its 100%-owned Hook project in Saskatchewan's Athabasca basin, planning 8 to 15 drill holes totaling approximately 3,000 metres.
• Initial drilling will prioritize the Ackio and TT target areas to expand known high-grade uranium pods and test outboard hydrothermal alteration trends along prospective structural corridors.
• The program aims to identify additional mineralized zones to augment the Ackio discovery, with subsequent phases evaluating the NES, Westside, and TAB areas based on early results.

Key Details

• Drilling Scope & Schedule: Approximately 3,000 metres planned across 8 to 15 drill holes using two drill rigs during the winter season.
• Ackio Target: Focus on expanding Pods 1 and 7 for high-grade lenses; testing ~500 metres along the main trend to locate additional deposit zones; potential testing east of Ackio along a subparallel trend on the eastern limb of the main synform structure hosting the discovery.
• TT Target: Located ~5.5 km SW of Ackio. Historical drilling (HK24-016 to HK24-023) intersected strong clay alteration (30–145 m thick). 3–5 new holes planned to test below the clay alteration envelope and along strike to map the alteration system's extent. Target aligns with a coincident gravity and magnetic low along the same south-southeast-trending structural corridor as Ackio.
• Additional Prospective Areas: NES, Westside, and TAB areas will be evaluated pending initial results. These zones feature magnetic lows, strong gravity anomalies, and prospective alteration/geochemical signatures identified during 2024 drilling.
• Ackio Discovery Characteristics: Near-surface uranium discovery extending 375 metres along strike and 150 metres in width. Contains at least nine distinct uranium pods starting at 28 metres depth and continuing to ~300 metres. System remains open in multiple directions.
• Corporate Land Position: Geiger controls ~390,000 hectares in Saskatchewan's Athabasca basin and ~95,519 hectares in Nunavut's Thelon basin, focusing on high-grade uranium discovery across both districts.
• Program Objective: Determine if the Hook project hosts additional zones to augment the known Ackio prospect and build scale for the 2026 exploration program.

Notable Quotes

• "Our drill program has commenced at the Hook project. This phase will focus on extending the Ackio discovery, and testing outboard targets along prospective trends associated with hydrothermal alteration," said Rebecca Hunter, president and chief executive officer of Geiger.
• "The district is clearly fertile for uranium mineralization, as demonstrated by Geiger's Ackio discovery and Atha's GMZ prospect. The objective of this program is to determine whether the Hook project hosts additional zones that could augment the known Ackio prospect."