Geiger Makes New Uranium Discovery at the Previously Undrilled Fox Zone, Directly on Trend with Orano's Kiggavik Uranium Deposits
NewsfileSep 1, 2026 · 4 days ago
Analyst Takeaways
- First-hole discovery at Fox demonstrates effective greenfield exploration targeting using geophysics, de-risking the broader property and validating Geiger's exploration methodology.
- The 50-metre intersection with radioactivity largely exceeding 100 cps and locally exceeding 500 cps represents significant uranium mineralization intensity in the initial drill test.
- Fox's location directly on-trend with Orano's Kiggavik deposits provides geological precedent for district-scale uranium potential and enhances the property's strategic value.
- Additional elevated radioactivity from near-surface to 350-metre hole depth suggests mineralization continuity and additional exploration upside beyond the main intercept zone.
- This discovery strengthens Geiger's uranium asset portfolio by expanding the known mineralized footprint on the property with minimal exploration capital deployed.
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Key HighlightsNew Discovery in the First Hole Ever Drilled at Fox: FOX26-001 intersected ~50 metres of elevated radioactivity in 2 zones largely exceeding 100 cps1, and locally exceeding 500 cps, from 173 to 230 m depth, with additional elevated radioactivity from near surface to the current end of the 350-metre hole.A Genuine Greenfield Discovery: Fox had never been drill tested. Geiger targeted it from gravity, magnetic and structural data and made a discovery with the first hole.Directly on...
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