Northwire Canada EditionTuesday, November 10, 2026
Northwire
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Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0% Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0%
Drill Results

Eastport Expands Drilling Program at Foley Uranium Project in Botswana Following Completion of Phase 1 Drill Program

EVI · Price

Executive Summary

  • Initial 3.5 km‑wide drill fences at the Foley Uranium Project have returned consistent, open‑ended radioactive anomalies, prompting a shift to wider‑spaced drilling to delineate the system’s lateral extent.
  • Gamma logging results from the first three fences exceeded expectations, supporting an accelerated “uranium wash” exploration model and justifying Phase 2 drilling on 1 km centres slated for Q2 2026.
  • No assay results are yet available; the company emphasizes that gamma data alone does not confirm economic mineralization.

Key Details

  • Phase 1 Drill Fences: ~3.5 km width, 200 m and 400 m spacing; persistent gamma radiation detected across multiple holes at or above the basement contact.
  • Exploration Model Update: Shift from targeting paleo‑channel uranium to a broader “uranium wash” model suggesting sheet‑like dissemination in shallow Karoo sediments.
  • Phase 2 Plan: Increase drill spacing to 1 km centres along strike to constrain mineralization edges and define a district‑scale target; drilling scheduled to commence Q2 2026.
  • Geographic Context: Project lies ~75 km south of Francistown, adjacent to Lotus Resources’ Letlhakane uranium deposit (one of the world’s largest undeveloped resources).
  • Infrastructure Advantages: Sealed highway access (A14), proximity to national power grid, abundant groundwater, and ready availability of drilling contractors and skilled labour.
  • Qualified Person: Liz de Klerk Pri.Sci.Nat., FIMMM (Micon International) reviewed and approved the technical information per NI 43‑101.
  • Assay Status: Samples from Phase 1 are pending; company cautions that gamma data alone does not confirm economic mineralization.

Notable Quotes

“These early indicators are highly motivating,” said Burns Singh Tennent‑Bhohi, CEO of Eastport. “What started as a channel hunt now points to something much larger… We’re prioritizing edge definition to unlock Foley’s full potential.”

Read the original news release →

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