Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to announce preliminary results from the 2026 exploration drilling program at the Company’s wholly-owned Kaycee Project (“Kaycee” or the “Project”), located in the Powder River Basin (“PRB”) of northeastern Wyoming. Drilling commenced at the Outpost target in May 2026. To date, 19 drillholes have been completed for a total of 17,100 ft of drilling. A total of 100,000 ft of drilling is currently planned for the 2026 season, with specific focus on the Outpost, Rustler, and Stampede exploration areas (Figure 1).
Highlights
- Infill and step-out drilling in the Outpost (Figure 2) area has expanded and further defined the zone of known uranium mineralization. Nineteen conventional mud rotary holes have been completed for a total of 17,100 ft of drilling in 2026 (Figure 1).
- Seven of the 19 drill holes intersected uranium mineralization at grades of 0.02% eU₃O₈ or higher (see Table 1 for significant intercepts).
- Drilling results to date provide valuable lithologic information to support geologic interpretation and guide future exploration plans. Drilling has identified two target sand units within the lower Wasatch Formation, both of which are host to uranium mineralization. The lower Wasatch Formation is also the principal host of uranium mineralization in the Pumpkin Buttes district, just east of the Kaycee Project area.
- In conjunction with the drilling program, the Company engaged a professional surveying contractor to complete a Project-wide drillhole collar and elevation survey. This survey work is complete, and the results will be used to support future mineral resource estimation initiatives and ongoing technical evaluation of the Project.
Colin Healey, CEO of PUR commented, “These initial results continue to highlight the exploration potential of the Kaycee Project and reinforce our view that the district hosts multiple areas capable of generating meaningful uranium resources. The expansion of mineralization at Outpost, together with the geological insights gained from drilling, is improving our understanding of the controls on mineralization and helping refine targeting across the broader district.
We began the 2026 program at Outpost due to seasonal accessibility and the compelling results generated from its discovery during the 2025 campaign. As a newly identified uranium-bearing system that remains in the early stages of exploration, Outpost has delivered encouraging results that support further follow-up work. With only a small portion of our planned 100,000-foot drill program completed, we are pleased with the progress to date and look forward to advancing drilling at Outpost while continuing to test the significant potential of the Rustler and Stampede target areas throughout the season.”
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