11:07 AM EDT, 07/11/2024 (MT Newswires) -- Premier American Uranium ( PAUIF ) was at last look on Thursday down 1.7% as it reported the start of its inaugural exploration-drilling program at the wholly owned Cyclone ISR Uranium Project in Wyoming's Great Divide Basin.

The program is designed to systematically investigate the resource potential the company previously identified in regulatory filings.

The company plans 71 reverse-circulation drill holes totaling about 49,700 feet for the 2024 and 2025 drill seasons, starting with two priority areas; Cyclone Rim Target (North Block) and Osborne Draw Target (East Block).

"We are extremely excited to have mobilized for the inaugural exploration program at Cyclone. With the systematic approach we have put in place, we believe we are in the best position possible to locate and delineate uranium resources at the targets," chief executive Colin Healey said in a release.

Premier shares were last seen down $0.03 to $$1.78 on the TSX Venture Exchange.

Price: 1.78, Change: -0.03, Percent Change: -1.66