Excellent RNS6 Aug 2025 07:02
Project Overview
As previously announced, NovaCore holds approximately 15,000 acres in the Red Basin Uranium District of New Mexico, where historical U.S. Department of Energy assessments and recent radiometric surveys suggest there is potential for 40 million pounds of U₃O₈. Recently, NovaCore's gamma spectrometry surveys have identified multiple uranium-rich zones. The area has road access, a known permitting regime, and favourable geology with structural and geophysical targets that remain largely undrilled below 400 feet.
NovaCore has completed land staking, radiometric and geophysical surveys, and is advancing permitting and environmental studies to support forthcoming drilling.
NovaCore's board of directors includes Neil Herbert (Founder and Chairman) and Douglas Christopherson (Founder and Technical Advisor) both of whom played key roles in the management of AIM and TSX listed Uramin Inc. which was sold for US$2.5 billion.
Further information on the drill programme will be announced in due course.