ActivEX Limited announces significant mineralisation discovery

ActivEX Limited (ASX: $AIV) has announced the discovery of significant Uranium (U) and Rare Earth Elements (REE) mineralisation at the Horseshoe Hill and Oratava prospects within the Gilberton Gold Project in North Queensland. The company conducted a surface pXRF program covering a total area of 5.45 km², with point spacing ranging from 100m X 100m to 200m X 200m.

Mark Derriman, Managing Director, comments on the discovery

Mark Derriman, the Managing Director of ActivEX, expressed his satisfaction with the initial phase of critical minerals exploration and the significant REE and Uranium geochemical/geological targets generated. He highlighted the potential for REE, uranium, and base metal mineralisation at the Gilberton Project, in addition to the defined gold potential.

Summary of the discovery and future plans

The discovery of significant Uranium and Rare Earth Elements mineralisation at the Horseshoe Hill and Oratava prospects marks a significant milestone for ActivEX Limited. The company plans to expand the current sampling program, conduct geophysical surveys to identify further targets for exploration, and execute a drilling program to test the depth and continuity of the identified mineralisation. ActivEX aims to uncover high-value mineral resources and deliver enduring value for its shareholders while positively impacting the communities in which it operates.