Paladin Energy hits high radioactivity at Saloon East

Paladin Energy Ltd (JSE:PDN) has announced positive results from its winter exploration program at the Patterson Lake South (PLS) high-grade uranium project in Saskatchewan, Canada. Drilling at Saloon East, 3.5km southeast of the Triple R deposit, intersected highly elevated radioactivity in multiple zones, with downhole gamma probe peaks reaching up to 51,303 counts per second (cps). Eleven drillholes were completed, totaling 7,102.9m, with the best result coming from drillhole PLS25-696 with 56.7m of total composite radioactivity, including 11.5m of continuous radioactivity averaging 8,957 cps with a maximum of 51,303 cps. Paladin CEO, Ian Purdy, noted that the results represent the strongest radioactivity intersected on the PLS property to date outside of the Triple R deposit, suggesting a potentially significant mineralized system.