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Jon Franklin

Jon Franklin

American writer

Oct 15, 2026

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1:31
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1:40
Yeah, thanks, Munir.
1:40
Yeah, we've got some super exciting results back, not just from that resampling, but also radon cups, rock chip samples, kind of everything's coming together there.
1:50
But those, that resampling of the drill core in particular is exciting because they put 12 holes into this specific prospect, and 10 out of the 12 holes came back with economic mineralization in a small area, vertical holes.
2:06
They were basically just putting them down, didn't really know what they, they had.
2:10
And then I guess the follow-up question would be, well, if, why didn't they drill it more? And that's the most exciting part is because the last drill hole was put into it in 1984, and Sweden completely ceased its uranium exploration program in start of 1985.
2:27
So this project wasn't stopped because of geological reasons, it was stopped because of political reasons.
3:34
So can you tell us more about h- how has it, your geological understanding, how has it evolved with, with all of these results?
2:57
Why has this never been drilled?
2:59
Yeah, great question, Dave.
3:01
It, uh, it actually had drill plans back in the late 2000s, uh, by a company that owned it at the time, Mawson Resources, and due to companies like that that have so many projects, they had 10, 15 projects at the time, sometimes capital gets allocated to the lower risk ones that already have been drilled.
3:20
It's easier to drill next to something that's already got drill holes in it than to poke a hole into something brand new.
3:26
So I spoke to the old geologist who was in, who was running that company at the time, and he said, "I was, I was banging my head against the wall because I wanted to drill it and, and I, I couldn't get the, couldn't get the shareholders', kinda, approval on it." But, uh, yeah, so we've now kind of proved up, we've extended the strike length of it.
3:47
Basically we, we went in and we took 15 rock chip samples, 14 of them were outcrop, um, and 10 out of those 15 samples came back above 0.25% or 2,500 PPM.
4:00
And with obviously some standout grades running up to 15% and even a boulder which came back at 16%.
4:27
Now, what does this mean, and, and, you know, what are the next steps?

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