Drilling Underway at Geiger's Hook Project in the Athabasca
Drilling Underway at Geiger's Hook Project in
the Athabasca
Key Highlights
8-15 drill holes and over 3,000 metres planned
Initial drilling will focus on two high-priority targets, ACKIO and TT
Additional targets are planned and will be drilled pending results
Toronto, Ontario--(Newsfile Corp. - February 24, 2026) - Geiger Energy Corp. (TSXV: BEEP) (OTCQB:
BSENF) ("
Geiger
") or the ("
Company
") is pleased to announce that drilling is underway on its 100%
owned Hook Project in Saskatchewan (
Figure 1
).
Approximately 3,000 metres of drilling is planned using two drills this winter at the Hook Project.
The
ACKIO and the TT areas will be the first target areas to be tested this winter.
"Our drill program has commenced at the Hook Project. This phase will focus on extending the ACKIO
discovery, and testing outboard targets along prospective trends associated with hydrothermal
alteration," said Rebecca Hunter, President and CEO of Geiger. "The district is clearly fertile for uranium
mineralization, as demonstrated by Geiger's ACKIO discovery and Atha's GMZ prospect. The objective
of this program is to determine whether the Hook Project hosts additional zones that could augment the
known ACKIO prospect.
Figure 1: Geiger projects location map in the Athabasca Basin.
Figure 2: 2026 proposed drill target areas.
Figure 3: Target areas at the ACKIO prospect overlain on a Total Magnetic Intensity magnetic map.
Figure 4: TT target area with historical drillholes and proposed holes.
Hook Project Overview
Around 3,000 m in 8-15 drill holes is planned at Hook (
Figure 2
), depending on results.
Targets and target criteria are as follows:
i
.
ACKIO
: Testing within the main ACKIO footprint to expand the pods 1 and 7 for high-grade lenses,
and then testing approximately 500 m along trend of the ACKIO main area to determine if there are
more deposit zones to discover (
Figure 3
).
There is also room for testing to the east of ACKIO
along a subparallel trend on the eastern limb of the main bowl or synform structure that ACKIO is
hosted within.
ii
.
TT area
:
The TT area is ~5.5 km SW of ACKIO.
Historical drilling intersected strong clay alteration
ranging from 30 to 145 metres in thickness in 5 drill holes, HK24-016, HK24-017, HK24-021,
HK24-022 and HK24-023.
Three to five planned drill holes are designed to test below the clay
alteration envelope to target the base of the alteration system (
Figure 4
).
Along trend targets are
also planned to determine the extent of the alteration system along strike.
The target area is a
coincident gravity and magnetic low along the same SSE-trending structural corridor that the
ACKIO discovery falls along.
iii
.
Other areas
: Depending on results and time other prospective areas for proposed testing include
the NES, Westside and the TAB areas.
These areas are along magnetic low trends with strong
gravity anomalies and have intersected prospective alteration and geochemical signatures from
the 2024 drilling.
The 2026 program is focused on finding additional discoveries to build scale and enhance the
mineralization potential of the area.
About Geiger
Geiger controls approximately 390,000 hectares in Saskatchewan's Athabasca Basin and 95,519
hectares in Nunavut's Thelon Basin, two of the world's most prospective uranium districts. The Company
is focused on discovering high-grade uranium deposits across both regions.
Geiger's flagship asset, the Aberdeen Project (Thelon Basin), hosts the high-grade Tatiggaq and Qavvik
discoveries. Tatiggaq is a basement-hosted system defined over a 300-metre strike length, with multiple
steeply dipping mineralized lenses between 80 and 180 metres depth. The system remains open over a
1.5 km strike length and at depth. Qavvik is a similarly styled basement-hosted discovery extending from
surface to ~400 metres depth, open over 500 metres and at depth.
The Aberdeen Project hosts 50+ high-priority targets, many showing strong alteration and anomalous
uranium from limited historical drilling, with several areas remaining completely untested.
In the Athabasca Basin, Geiger is advancing the Hook Project, which hosts the ACKIO near-surface
uranium discovery. ACKIO extends over 375 metres along strike and 150 metres in width, with at least
nine distinct uranium pods starting at 28 metres depth and continuing to approximately 300 metres. The
system remains open in multiple directions. The Hook Project also contains large clay-alteration systems
with elevated radioactivity, highlighting additional discovery potential beyond ACKIO.
Qualified Person Statement
The technical information contained in this news release has been reviewed and approved by Rebecca
Hunter, P.Geo, President & CEO of Geiger Energy Corp., a Qualified Person, as defined in "National
Instrument 43-101, Standards of Disclosure for Mineral Projects."
For More Information
"Rebecca Hunter"
Geiger Energy Corp.
Rebecca Hunter, Ph.D. P.Geo.
CEO, President & Director
Email:
Phone: 416-644-1567
Cautionary Statement
Certain information in this news release is considered forward-looking within the meaning of certain
securities laws and is subject to important risks, uncertainties and assumptions. This forward-looking
information includes, among other things, information with respect to Geiger's beliefs, plans,
expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would",
"suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar
words and expressions are used to identify forward-looking information. The forward-looking information
in this news release describes Geiger's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially
from actual results or events. Material factors which could cause actual results or events to differ
materially from such forward-looking information include, among others, risks arising from general
economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative
and regulatory developments; inability to access sufficient capital from internal and external sources,
and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the
ability of Geiger to implement its business strategies; competition; currency and interest rate fluctuations
and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Geiger cautions that the foregoing list of material factors is not exhaustive. When relying on forward-
looking information to make decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. Geiger has assumed a certain progression, which
may not be realized. It has also assumed that the material factors referred to in the previous paragraph
will not cause such forward-looking information to differ materially from actual results or events. However,
the list of these factors is not exhaustive and is subject to change and there can be no assurance that
such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS
THE EXPECTATIONS OF GEIGER AS OF THE DATE OF THIS NEWS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE GEIGER MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
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