Geiger Intersects Multiple Mineralized Intervals at ACKIO, Including 11,491 cps at the Hook Project, Saskatchewan
Geiger Intersects Multiple Mineralized
Intervals at ACKIO, Including 11,491 cps at the
Hook Project, Saskatchewan
Key Highlights
Three mineralized zones intersected in AK26-148
New mineralization at 80 m supports upper-lens expansion, while the high-grade lens at 186 m
strengthens lower-lens grade potential
Maximum counts up to 11,491 cps using a Triple Gamma Probe at 202 m in 10 m high-grade lens
Continuity confirmed to the south in pods 3, 4 and 5
Mineralization remains open along strike, supporting further expansion potential
Toronto, Ontario--(Newsfile Corp. - March 31, 2026) - Geiger Energy Corp. (TSXV: BEEP) (OTCQB:
BSENF) ("
Geiger
") or the ("
Company
") is pleased to provide an update from its ongoing 2026 winter
program at the ACKIO prospect on its 100% owned Hook Project in the Athabasca Basin,
Saskatchewan (
Figure 1
&
Figure 2
).
"A new uranium mineralization intersection at south ACKIO, shows the prospectivity of this area for real
upgrade and expansion potential.
These results continue to demonstrate the scale and continuity across
multiple pods and support our interpretation of a broader mineralized system at ACKIO. The final holes
for the 2026 winter drill program will test for additional zones farther south along the broader fertile
trend," said Rebecca Hunter President & CEO of Geiger.
The drilling at the southern extent of ACKIO has extended and upgraded mineralization in the upper pod
3 and the lower pods 4 and 5, supporting continuity within the structurally-controlled system.
AK26-148
intersected mineralization within discreet fault and alteration zones from 80.7 to 86.6 m with counts
averaging 428 cps and a maximum of 958 cps and at 186.6 m to 208.4 m, with counts averaging 2,291
cps, with a high of 11,491 cps at 202 m.
The highest grade lens is 10.1 m (197.2 m to 207.3 m),
averaging 3,768 cps.
New mineralization was intersected at 80 m, indicating continued and expanded
potential for the upper lenses, and the high-grade lens at 186 m shows increased grade potential for the
lower lenses.
Figure 1
: Geiger projects location map in the Athabasca Basin.
The ACKIO prospect is identified
with a red circle.
Figure 2
: ACKIO prospect area with 2026 drill holes, proposed drill holes with the historical
drillholes.
Figure 3
: Highest grades intersected in AK26-148 intersecting extension of pods 4 and 5 at the
ACKIO prospect at around 190 to 205 m. Radiometric counts (cps) are presented on the box from
a hand-held CT-007 scintilometer.
Figure 4
: 2026 proposed drill target areas.
Figure 5
: Target areas at the ACKIO prospect overlain on a Total Magnetic Intensity magnetic map
and a 30 Hz ZTEM conductivity anomaly, which is closely associated with the mineralization in the
ACKIO area.
ACKIO Mineralization
The continuation of the 2026 program targeted mineralization pods 3, 4 and 5, which occur within
structurally controlled zones marked by strong brecciation and alteration, including hematite, chlorite and
sulphides, hosted in variable calc-silicate and calc-pelite rocks. Localized desilicification and albitization
are observed near higher-grade intervals and appear to be associated with stronger radiometric
responses.
In drill hole AK26-148, mineralization was intersected in three main zones (Table 1):
5.9 m averaging 428 cps; maximum of 958 cps (80.7 m to 86.6 m)
21.8 m averaging 2,291 cps; maximum
11,491 cps
(186.6 m to 208.4 m) (
Figure 3
)
2.7 m averaging 465 cps; maximum 1,001 cps (220.5 m to 222.6 m)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/290621_geigertableimg.jpg
Table 1: Radiometric down hole probe results for AK26-148.
AK26-148 was drilled at a 266° azimuth and -55° dip.
All drill core is scanned with a CT-007 handheld spectrometer by GammaGuard to check for
radioactivity. Intervals of anomalous radioactivity are removed and measured outside the box in an area
of background radioactivity. Drill holes are also surveyed using a 2GHF-1000 Triple Gamma Probe with
a Mount Sopris Matrix Logging Console and Mount Sopris 4MXA 500 or 1000 m winch at 0.1 metre
intervals. Mount Sopris' 2GHF-1000 downhole triple-gamma probe utilizes a sodium iodine (Nal) crystal
to detect changes in natural radioactivity for concentrations of uranium, thorium and potassium from
gamma rays emitted from the rock formations. The probe uses a Nal crystal, and two Geiger Mueller
tubes which allows the instrument to conduct precise Natural Gamma measurements that range from
0.1% to 20% concentrations of U
3
O
8
in radioactive zones.
Downhole probe results are used to compare
with handheld scintillometer results to verify the depth and strength of radioactive intervals and to assess
radioactivity through sections of lost core.
The downhole radiometric probe results using the NaI values
are presented in this news release. Measurements of total gamma on drill core or from the down hole
probe are an indication of uranium content but may not correlate with chemical assays.
Assay samples
will be submitted for chemical analysis and will be presented in the coming months.
Hook Project Overview
Approximately 1,700 metres have been completed to date at the Hook Project, with drilling focused thus
far on ACKIO, TT and Tab areas (
Figure 4
).
At ACKIO (
Figure 5
), the current program is designed to expand high-grade Pod 1 and Pod 7, test
approximately 500 metres of strike for additional mineralized zones, and evaluate southern and eastern
extensions along the broader structural corridor.
In AK26-148, we are testing Pods 3, 4 and 5, which are
continuations of the upper and lower main lenses of the ACKIO mineralization.
In the TT area, located 5.5 kilometres southwest of ACKIO, drilling is designed to follow up on strong
historical clay alteration ranging from 30 to 145 metres in thickness, test beneath the alteration zone for
the underlying mineralized system, and evaluate along-strike potential within a coincident gravity-low and
magnetic-low corridor.
In the TAB area, located approximately 5 km northeast of ACKIO, drilling is focused on testing the
western edge of a strong ZTEM conductivity anomaly in conjunction with a gravity low anomaly, which
has a similar geophysical footprint to the ACKIO discovery 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/290621