The latest results from a 20-hole drilling program show that 12 holes hit mineralized zones within the Pliocene Goliad Formation. One notable intersection, drill hole 12-20, reached 8.5 feet of mineralization at 0.199% U3O8, resulting in a Grade Thickness (GT) of 1.69. The company considers any GT value exceeding 0.3 as viable for inclusion in a wellfield, and six of the ten recent holes surpassed this threshold with values ranging from 0.43 to 1.76.

Executive Chairman William M. Sheriff stated that the data supports the company's thesis that productive formations from the adjacent Alta Mesa wellfields extend eastward. The project aims to feed ore directly into the fully operational Alta Mesa Central Processing Plant, which currently maintains an annual capacity of 1.5 million pounds of uranium. Geologists identified four saturated sandstone horizons at depths between 400 and 520 feet, utilizing Prompt Fission Neutron (PFN) technology to verify the findings. Drilling remains active with six rigs currently operating on the site to characterize mineralization across the entire property.