Metals One (MET1) is continuing to make progress with exploration at the Uravan uranium-vanadium project in Colorado.
The programme has been significantly expanded to incorporate a wider review area, extending from an initial one-mile radius to three miles. This expansion is based on digital datasets from the U.S. Geological Survey and other archived exploration data accessed through the USGS Library in Colorado.
Mapping, sampling and analysis is continuing at historical workings, adits, and surface anomalies, and historical data has revealed uranium potential in both target formations, Morrison and Chinle.
The target formations, primarily the Morrison Formation, are known to host uranium-vanadium mineralisation within the Uravan Mineral Belt - the most productive uranium district in U.S. history.
Rock samples have now been sent for analysis to certified labs in Nevada
Meanwhile, the ground-based geophysical survey utilising a Radiation Solutions RS-125 spectral scintillometer initiated in June is in progress across the claim block and surrounding areas. To date, approximately 30km of grid lines have been completed, with further lines planned as part of a regional expansion strategy.
Historical USGS data also suggests a potential second target within the Chinle formation, located approximately 1,200 feet below surface.
It looks likely Metals One will now drill Uravan later in 2025, although completion of the acquisition remains subject to various conditions.
View from Vox
Good to see the work progressing methodically and across several geological fronts. The prospectivity of the area isn’t in doubt. The key question is whether Metals One can zero in on any significant potential mineralisation and score a drilling success later in the year. So far, the signs are favourable, and there’s plenty to go on. Watch this space.