Eagle Nuclear announces drilling program at Aurora uranium project

Eagle Nuclear Energy Corp. (NASDAQ: NUCL) announced a 27,000-foot drill program at its Aurora Uranium Project in Nevada, according to a company statement. The program consists of 47 diamond drill holes designed by BBA USA Inc. and permitted by SLR International Corporation.

The Aurora project contains 32.75 million pounds of indicated uranium and 4.98 million pounds of inferred uranium under SK-1300 standards, according to the company. Eagle Nuclear describes Aurora as the largest conventional, measured and indicated uranium deposit in the United States.

The drilling program targets specific data gaps identified in a comprehensive analysis, including resource expansion and definition, classification enhancement, metallurgy studies, rock mechanics for pit engineering, and hydrogeological analysis. Each drill hole serves multiple objectives to maximize data collection while minimizing program size.

"While each drill hole has been assigned a primary purpose, it has also been carefully crafted to concurrently fulfill additional secondary and tertiary goals, thereby limiting the size of the overall drill program without compromising on any of its objectives," said Vishal Gupta, Eagle's VP of Operations.

Drilling is scheduled to begin in early July using two to three rigs over a three to four month period. The company stated it has sufficient funds to complete the program. The data collected will feed into a Pre-Feasibility Study for the Aurora project.

Eagle Nuclear positions itself as developing a vertically integrated nuclear energy platform combining domestic uranium resources with Small Modular Reactor technology. The company notes that the U.S. imports 95% of its uranium while committing $80 billion to new reactor construction.

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