Market Alert: Gold and Silver Continue to Outperform with Robust Gains.
Global Uranium and Enrichment Limited (ASX: GUE) has announced significant progress at its flagship Pine Ridge Uranium Project in Wyoming’s Powder River Basin. The project, held through Powder River Basin LLC — a 50/50 joint venture with Snow Lake Energy (NASDAQ: LITM) — has now completed 33 drill holes out of the planned 125-hole program. Encouraging results include intercepts such as 1.1 metres at 780 ppm U₃O₈ within a broader 3.5 metres at 540 ppm, highlighting the presence of roll-front mineralisation across stacked sand horizons.
Since July, 12,540 metres of drilling have been finished, with the full 38,000-metre program on track for completion by November 2025. Managing Director Andrew Ferrier noted that results continue to confirm and extend multiple redox boundaries, reinforcing the strong development potential. Drilling through the second half of 2025 will focus on well-defined mineralisation trends, advancing the project toward building a resource base.
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Sep 16, 2025
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.