UEX Corp. said Jan. 30 that the first drill hole of its 2017 exploration program at its early stage Christie Lake property in Saskatchewan discovered a new high-grade zone of uranium mineralization 500 meters to the northeast and along strike of known mineralization.

The company said that drilling intersected a 7.8-meter interval with three sections of off-scale massive uranium mineralization, starting at a depth of 475.65 meters. The company's handheld scintillometer can read up to 15,000 counts per second of radiation.

Full assay results are pending.

UEX is earning up to a 70% interest in the Christie Lake property from JCU (Canada) Exploration Co. Ltd. under a January 2016 agreement.