Refined Energy completes drill program at Dufferin West

Executive Summary

• Refined Energy Corp. completed its maiden drill program at the Dufferin West property in Saskatchewan's Athabasca basin, totaling 975 metres in depth.
• The program successfully intersected the targeted graphitic conductor and the unconformity in multiple holes, identifying brecciated fault zones and structural features indicative of potential uranium mineralization vectors.
• Core logging and sampling are complete, with samples submitted for detailed geochemical analysis and assay results, including rush analysis on select key intervals.

Key Details

• Drill Hole DW26-001: Intersected the targeted graphitic conductor at 381 metres; associated brecciation noted with the unconformity depth at 332 metres.
• Drill Hole DW26-003: Reached the unconformity at 312 metres.
  • Intersected a brecciated fault zone in sandstone at 104 to 120 metres, associated with bleaching.
  • Intersected a brecciated fault zone in the basement from 323.7 to 327.1 metres, characterized by brecciation and clay gouges.
  • Tested a significant ground gravity low complemented by a partially overlapping magnetic low, bounded to the east by a magnetic high.
• Program Scope: Total drilled depth was 975 metres. The program was designed to test multiple high-priority geophysical and structural targets, integrating EM conductors, gravity lows, and magnetic features.
• Operational Adjustments: The company advanced drill hole DW26-003 in place of the originally planned DW26-002 to maximize coverage of priority gravity geophysical targets, based on structural observations from DW26-001.
• Cost: The program was completed on budget for approximately $1.7-million.
• Next Steps: Detailed sampling for geochemical analysis is complete over fault/breccia zones. Rush analysis has been commissioned on select samples from key intervals to expedite evaluation of alteration and potential mineralization vectors.
• Property Interest: Refined holds the exclusive option to acquire up to a 75-per-cent interest in the 10,140-hectare Dufferin project from Eagle Plains Resources through cash payments, share issuances, and exploration expenditures.

Notable Quotes

• "The completion of our maiden drill program marks an important milestone for Refined Energy. The ongoing analysis, including rush results, will help determine whether vectors toward uranium mineralization are present and guide next steps at Dufferin West." — Mark Fields, Chief Executive Officer