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IsoEnergy Ltd.
Summary
| Project: | Larocque East | |
|---|---|---|
| Deposit: | Hurricane Zone | |
| Location: | Canada | |
| Commodities: | Uranium-Nickel-Cobalt | |
| Date: | 3/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-3-2019: IsoEnergy Ltd. announces an Exploration/Drilling Update report for its Hurricane Zone deposit at the Larocque East project. Drilling results incl. 3.5m @ 0.8% U3O8, 1.5% Ni, 0.4% Co from 333.0m. Vancouver, BC, March 20, 2019 – IsoEnergy Ltd. (“ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Carmichael (Internal) | |
| ABSTRACT: | Vancouver, BC, March 20, 2019 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) is pleased to announce that the final drill holes in the winter drilling campaign have intersected intervals of strong radioactivity associated with pitchblende uranium mineralization at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium on the Company’s 100% owned Larocque East Property in the eastern Athabasca basin region of Saskatchewan (Figure 1), home to the world’s largest and highest-grade uranium mines. The results confirm the presence of a high-grade uranium deposit at Hurricane with a minimum strike extent of 150 m and work is underway to plan for follow-up exploration drilling in summer 2019. Steve Blower, Vice President, Exploration commented: “With uranium mineralization intersected in 11 of 12 drill holes, the results of this expanded program have exceeded our high expectations. The main objective of the program was to determine if the Hurricane zone is an isolated pod of mineralization or something more substantial. With a minimum strike length of 151 m it’s clearly the latter, and it’s open on all five sections drilled and along-strike. Hitting strong mineralization in each of the final two 50 m step-outs bodes well for future drill results.” Craig Parry, Chief Executive Officer commented: “I congratulate our technical team and our contractors for a productive, efficient and safe drilling campaign that has resulted in a new high-grade uranium discovery in the eastern Athabasca basin. We strongly believe the uranium market will continue to improve through 2019 as the effects of supply curtailments are further felt and as US utilities begin to seek contracts for uranium product at the conclusion of the US Department of Commerce Section 232 Investigation into US uranium supply, which is expected in Q2, 2019. Against this positive uranium market backdrop, we are excited for the next phase of work at Hurricane and particularly the follow-up drill program we are planning for after spring break-up.” | |
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