The playbook — uranium · September 21, 2026
Geiger logs 90 m of radioactivity at Fox — still counts, not grades
Three holes into the 1.3 km Fox target read high on the gamma probe, including one zone over 15,000 cps. Assays still pending.
Geiger Energy drilled three holes into its Fox target in the Thelon Basin of Nunavut and reported near-surface radioactivity down every one of them. The headline numbers: five intermittent zones spread across an 89.8-metre envelope, the hottest reading over 15,022 counts per second — a spike on the downhole gamma probe, not a grade. The best zone averaged 3,417 cps over 5.3 metres between 56.6 and 61.9 metres down. Fox sits on the Andrew Lake Fault, the same structure that hosts Orano’s Kiggavik district and its roughly 127 million pounds of uranium. FOX26-003 stepped 25 metres northwest of discovery hole FOX26-001, with radioactivity logged between 41.0 and 130.8 metres downhole. When we last covered Geiger, everything on the board was scintillometer counts and the assays were pending.
They still are. Every number in this release is counts per second from a Mount Sopris triple-gamma probe, and the company’s own footnote says cps “may not correlate with uranium grades determined by geochemical assay.” That means no grade, no gram-metre math, no way to size any of it against Kiggavik in pounds. What the release does add is repetition: three holes on a stated 1.3-kilometre target trend, all lighting up near surface, is an early consistency signal on ground Hunter knows — she led the Cameco team that found the Tatiggaq and Qavvik deposits on this exact trend. The market noticed. BEEP.V rose about 5% over three months while the uranium ETF fell 8.4% and junior peers dropped 9.3%, a roughly 14-point gap driven by a late step-up in the stock rather than any sector tide.
The open items from last time are only partly moved. We promised readers assays from Fox hole FOX26-001; still none reported, and none for Apollo either — the company says assays on all 2026 holes are pending and will come “once received,” with no date. Follow-up drilling inside the Fox anomaly remains on the list, now slated for 2027 alongside Apollo and gravity targets along the 17-kilometre fault corridor. The caveats hold. True width is not disclosed; the figures are downhole core lengths, and the drill’s angle to the structure is not stated. The 89.8-metre figure is five separate zones with unmineralized gaps, not one continuous intercept. FOX26-002 returned only weak 100-to-300 cps readings, so consistency is not yet demonstrated. And the Qualified Person who signed off is CEO Hunter herself, not an independent reviewer.