Noble Plains Uranium Closes on Duck Creek Project in the Heart of Powder River Basin
Noble Plains Uranium (OTCQB: NBLXF) has finalized the acquisition of an 80% interest in the Duck Creek Project, a strategic uranium asset in Wyoming's Powder River Basin. A new NI 43-101 technical report highlights an Exploration Target of 2.37-5.45 million tons at grades between 0.03-0.05% U₃O�.
The 4,133-acre project features over 4,000 historical drill holes and notable intercepts including 8.9 feet grading 0.75% U₃O�. The property is strategically located among major uranium projects owned by Cameco, Uranium Energy Corp., and GTI Energy. The transaction involved issuing 1,250,000 common shares and paying US$250,000 to UNXE238 Corp.
[ "Extensive historical database with over 4,000 drill holes and proven mineralization", "Strategic location surrounded by major uranium producers in a proven production hub", "High-grade historical drill intercepts up to 0.75% U₃O�", "Significant exploration upside in untested deeper Fort Union Formation", "Project suitable for ISR mining, which allows faster permitting and lower costs" ]Noble Plains Uranium (OTCQB: NBLXF) ha completato l'acquisizione di una partecipazione dell'80% nel Duck Creek Project, un asset strategico di uranio nella Powder River Basin del Wyoming. Un nuovo rapporto tecnico NI 43-101 evidenzia un obiettivo di esplorazione di 2,37-5,45 milioni di tonnellate con tenori compresi tra 0,03-0,05% di U₃O�.
Il progetto di 4.133 acri include oltre 4.000 perforazioni storiche e intersezioni significative, tra cui 8,9 piedi con tenore 0,75% di U₃O�. La proprietà è posizionata strategicamente tra importanti progetti di Cameco, Uranium Energy Corp. e GTI Energy. La transazione ha previsto l'emissione di 1.250.000 azioni ordinarie e il pagamento di US$250.000 a UNXE238 Corp.
- Ampio database storico con oltre 4.000 perforazioni e mineralizzazione comprovata
- Posizione strategica circondata da grandi produttori di uranio in un bacino produttivo consolidato
- Intersezioni storiche ad alto tenore fino a 0,75% U₃O�
- Notevole potenziale di esplorazione in sezioni più profonde della Fort Union Formation non ancora testate
- Progetto idoneo alla tecnologia ISR, che permette permessi più rapidi e costi inferiori
Noble Plains Uranium (OTCQB: NBLXF) ha finalizado la adquisición de un 80% de interés en el Duck Creek Project, un activo estratégico de uranio en la cuenca Powder River de Wyoming. Un nuevo informe técnico NI 43-101 destaca un objetivo de exploración de 2,37-5,45 millones de toneladas con leyes entre 0,03-0,05% de U₃O�.
El proyecto de 4.133 acres cuenta con más de 4.000 perforaciones históricas e intersecciones notables, incluyendo 8,9 pies con ley de 0,75% de U₃O�. La propiedad está estratégicamente ubicada entre importantes proyectos de Cameco, Uranium Energy Corp. y GTI Energy. La transacción incluyó la emisión de 1.250.000 acciones ordinarias y el pago de US$250.000 a UNXE238 Corp.
- Extensa base de datos histórica con más de 4.000 perforaciones y mineralización demostrada
- Ubicación estratégica rodeada de grandes productores de uranio en un centro de producción consolidado
- Intersecciones históricas de alta ley de hasta 0,75% U₃O�
- Importante potencial de exploración en niveles más profundos de la Formación Fort Union no probados
- Proyecto apto para minería ISR, que permite una concesión de permisos más rápida y menores costos
Noble Plains Uranium (OTCQB: NBLXF)가 왶이오� � 파우� 리버 분지� 있는 전략� 우라� 자산� Duck Creek 프로젝트� 80% 지� 인수� 완료했습니다. 새로� NI 43-101 기술보고서는 탐사 목표가 2.37�5.45백만 �이며 등급은 U₃O� 기준 0.03�0.05% 범위� 제시합니�.
4,133에이� 규모� 프로젝트에는 4,000개가 넘는 과거 시추� 데이�왶 8.9피트� U₃O� 0.75%� 고품� 시추 교차 � 주목� 만한 간격� 포함되어 있습니다. � 부지� Cameco, Uranium Energy Corp., GTI Energy가 보유� 주요 우라� 프로젝트� 사이� 전략적으� 위치합니�. 거래� 1,250,000� 보통� 발행� 미화 250,000달러 지�� 포함했습니다.
- 4,000� 이상� 시추공을 포함� 방대� 과거 데이터베이스왶 입증� 광화
- 검증된 생산 허브 � 주요 우라� 생산업체� 사이� 전략� 위치
- 최대 0.75% U₃O₈에 이르� 고품� 과거 시추 교차
- 미검� 심층 Fort Union 층에서의 상당� 탐사 잠재�
- 허가 기간� 짧고 비용� 낮은 ISR(현장 회수, In-Situ Recovery) 채굴� 적합� 프로젝트
Noble Plains Uranium (OTCQB: NBLXF) a finalisé l'acquisition d'une participation de 80 % dans le Duck Creek Project, un actif stratégique en uranium situé dans le bassin de la Powder River au Wyoming. Un nouveau rapport technique NI 43-101 met en avant un objectif d'exploration de 2,37�5,45 millions de tonnes avec des teneurs comprises entre 0,03�0,05 % de U₃O�.
Le projet de 4 133 acres comprend plus de 4 000 forages historiques et des intersections notables, dont 8,9 pieds à 0,75 % U₃O�. La propriété est située de manière stratégique parmi d'importants projets d'Uranium détenus par Cameco, Uranium Energy Corp. et GTI Energy. La transaction a impliqué l'émission de 1 250 000 actions ordinaires et le paiement de 250 000 $ US à UNXE238 Corp.
- Base de données historique étendue avec plus de 4 000 forages et minéralisation avérée
- Emplacement stratégique entouré de grands producteurs d'uranium dans un pôle de production éprouvé
- Intersections historiques à haute teneur atteignant 0,75 % U₃O�
- Important potentiel d'exploration dans des niveaux plus profonds de la Fort Union Formation non testés
- Projet adapté à l'exploitation ISR, permettant des autorisations plus rapides et des coûts réduits
Noble Plains Uranium (OTCQB: NBLXF) hat den Erwerb eines 80%-Anteils am Duck Creek Project abgeschlossen, einem strategischen Uran-Asset in der Powder River Basin in Wyoming. Ein neuer NI 43-101-Technikbericht weist ein Explorationsziel von 2,37�5,45 Millionen Tonnen mit Gehalten zwischen 0,03�0,05% U₃O� aus.
Das 4.133 Acre große Projekt verfügt über mehr als 4.000 historische Bohrlöcher und bemerkenswerte Abschnitte, darunter 8,9 Fuß mit 0,75% U₃O�. Die Liegenschaft liegt strategisch zwischen bedeutenden Uranprojekten von Cameco, Uranium Energy Corp. und GTI Energy. Die Transaktion umfasste die Ausgabe von 1.250.000 Stammaktien und die Zahlung von US$250.000 an UNXE238 Corp.
- Umfangreiche historische Datenbank mit über 4.000 Bohrlöchern und nachgewiesener Mineralisierung
- Strategische Lage umgeben von großen Uranproduzenten in einem bewährten Fördergebiet
- Historische Hochgrad-Schnittwerte bis zu 0,75% U₃O�
- Erheblicher Explorationsspielraum in bislang unerforschten tieferen Abschnitten der Fort Union Formation
- Für ISR-Bergbau geeignet, was schnellere Genehmigungen und niedrigere Kosten ermöglicht
- None.
- Exploration Target is conceptual with no defined mineral resource yet
- Further exploration required to confirm historical data
- Additional capital requirements for exploration and development
Exploration Target Range Supported by New NI 43-101 Technical Report
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - Noble Plains Uranium Corp. (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) ("Noble Plains" or the "Company") is pleased to announce that it has closed on the property option agreement to acquire an
The option closing coincides with a newly completed National Instrument 43-101 ("NI 43-101") technical report prepared for UNXE238 Corp. (the "Optionor") by independent firm Western Water Consultants, Inc d/b/a WWC Engineering of Sheridan, Wyoming ("WWC"). The report highlights an Exploration Target of between 2.37 million tons at
"This is a further example of our team executing on its strategy to identify high-quality brownfield assets in the best U.S. uranium districts, use strong historic data to accelerate de-risking, and advance them quickly toward compliant resources," said Drew Zimmerman, President of Noble Plains Uranium. "With Duck Creek now secured along with a new NI 43-101, we are positioned to rapidly deliver meaningful pounds in the ground, building real leverage for our shareholders as the uranium market continues to strengthen."
Duck Creek Project Highlights
- Scale & Location: 4,133 acres (6.5 sq. mi.) of mineral rights, surrounded by major uranium projects and production facilities owned by Cameco, Uranium Energy Corp., Global Uranium and Enrichment, and GTI Energy,
- Extensive Historical Work: Over 4,000 drill holes, including a 3-mile trend of shallow roll-front uranium mineralization,
- Historic Drill Intercepts: include 8.9 feet grading
0.75% U₃O₈ and 13.9 feet of0.47% U₃O₈, - Historic Production: Past open-pit mining evident along and beyond the mineralized trend,
- Significant Exploration Potential: untested deeper Fort Union Formation.
In the Heart of a Growing Production Corridor
Located in one of the most prolific in-situ recovery ("ISR") uranium districts in the United States, Duck Creek is directly surrounded by major deposits and production facilities owned by Cameco Corporation, Uranium Energy Corp., and GTI Energy Limited (see Figure 1). The Project's extensive historical database, favourable geology, and proximity to existing infrastructure present a rare opportunity to advance a uranium project in a proven production hub.
Figure 1: Duck Creek Project Surrounded by resource and production projects
To view an enhanced version of this graphic, please visit:
Note: source of resource numbers in Figure 1: Allemand-Ross, Barge, and Ludeman projects, from 2022-09 technical report Exhibit 96.1. Smith Ranch Highland, from Cameco website. Lo Herma, from company website. Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the Duck Creek Project.
"From a geological perspective, Duck Creek has all the hallmarks of a highly attractive ISR project," said Paul Cowley, CEO of Noble Plains Uranium. "It is in a proven roll-front uranium district, with drill spacing and mineralization continuity that provide a strong basis for confirmation and expansion. We plan to initiate a focused drilling campaign this fall. Design and magnitude of the drill program is in progress with a drill permit application at an advanced stage."
Duck Creek - A Strong Technical Foundation
The Project covers 4,133 acres (6.5 mi²) of mineral rights, including four State of Wyoming mineral leases (2,560 acres) and 78 lode mining claims (1,573 acres). The Project hosts a 3-mile-long corridor of high-density drilling completed by Kerr-McGee Nuclear Corporation in the 1970s. A total of 4,068 historical drill holes outline a consistent, shallow roll-front uranium system within the Eocene-aged Wasatch Formation, with mineralization occurring from less than 50 feet to 260 feet below surface (see Figure 2). Highlights of the historical drill intercepts include 8.9 feet grading
The technical report was completed for UNXE238 Corp. by independent WWC, dated August 13, 2025, entitled "NI 43-101 Technical Report Duck Creek Uranium Project" ("Technical Report") which states that the Project potentially contains an Exploration Target summarized in Table 1. The Technical Report will be Sedar filed today and made available on the Company website.
Table 1. Duck Creek Uranium Project Exploration Target
Upper Range | ||||
Estimate Methodology | Average Grade (% U3O8) | Median GT Sum (% U3O8-ft) | Area (ft2) | Tons (000s) |
Mineral Outline | 0.05 | 0.598 | 5,895,866 | 4,241 |
Extended Trend | 0.05 | - | - | 1,205 |
Total | 5,446 | |||
Lower Range | ||||
Estimate Methodology | First Quartile Grade (% U3O8) | Minimum GT Sum (% U3O8-ft) | Area (ft2) | Tons (000s) |
Mineral Outline | 0.03 | 0.201 | 5,895,866 | 2,373 |
Total | 2,373 |
The potential quantity and grade at the Project are conceptual in nature, that it is uncertain if further exploration will result in the target being delineated as a mineral resource and there is insufficient data to estimate a mineral resource. Drill holes with intercepts with Grade-Thickness (GT) sum less than 0.2 %-ft were excluded. A bulk density of 16.6 ft3/ton was used. The average thickness of each intercept with GT greater than
Figure 2: 3-mile-long trend of high-density historic drilling and historic production areas
To view an enhanced version of this graphic, please visit:
Untested Upside in the Fort Union Formation
The historical drilling at Duck Creek focused exclusively on shallow mineralization in the Wasatch Formation. The deeper Fort Union Formation remains completely untested on the property. This lower unit hosts the bulk of resources at several surrounding ISR projects in the Powder River Basin, including those operated by Cameco and Uranium Energy Corp. The absence of historic drilling into the Fort Union at Duck Creek presents a significant exploration upside to expand beyond the Wasatch mineralized zones.
Strategic Context
The acquisition of Duck Creek significantly strengthens Noble Plains' Wyoming portfolio, building on the Company's recent acquisition of Shirley Central and expansion of Shirley East in the Shirley Basin. Wyoming has produced over 238 million pounds of uranium since the 1950s, with the Powder River Basin and Shirley Basin's representing key districts in that legacy of production. ISR is now the dominant extraction method in Wyoming overall, because it allows for faster permitting, minimal surface disturbance, and lower capital and operating costs.
The Transaction
Further to the Company's June 19, 2025 news release announcing the execution of a property option agreement, between the Company, UNXE238 Corp., and Drakensberg Resources LLC, a wholly owned subsidiary of the Company, the Company has closed the first stage of its option to acquire up to an
About Noble Plains Uranium Corp.
Noble Plains Uranium (TSXV: NOBL) is focused on acquiring and advancing U.S.-based uranium projects amenable to In-Situ Recovery (ISR)-the most capital-efficient and environmentally responsible method of uranium extraction. The Company targets historically explored, geologically robust projects in uranium-friendly jurisdictions with the goal of rapidly delineating NI 43-101 resources and building out a pipeline of ISR-development opportunities.
On Behalf of the Board of Directors,
"Paul Cowley", CEO
"Drew Zimmerman", President
For further information, please contact: Drew Zimmerman: (778) 686-0973
Website:
Technical disclosure of the Technical Report and Exploration Target estimate in this news release has been reviewed and approved by Christopher McDowell, P.G., Project Manager at WWC Engineering, a Qualified Person as defined by National Instrument 43-101.
Technical disclosure, excluding the Exploration Target estimate in this news release, has been reviewed and approved by Bradley Parkes, P.Geo., VP Exploration and Director of Noble Plains Uranium Corp., a Qualified Person as defined in National Instrument 43-101, who has read and approved the technical content of this news release.
Cautionary Statements Regarding Forward-Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of Noble Plains, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the acquisition of an
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