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IsoEnergy Ltd.
Summary
| Project: | Larocque East | |
|---|---|---|
| Deposit: | Hurricane Zone | |
| Location: | Canada | |
| Commodities: | Uranium-Nickel | |
| Date: | 2/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2019: IsoEnergy Ltd. announces an Exploration/Drilling Update report for its Hurricane Zone deposit at the Larocque East project. Drilling results incl. 4.0m @ 3.8% U3O8, 1.1% Ni from 332.0m. Vancouver, BC, February 28, 2019 – IsoEnergy Ltd. (“IsoEne | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Carmichael (Internal) | |
| ABSTRACT: | Vancouver, BC, February 28, 2019 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) is pleased to announce that drill hole LE19‐06 assayed 4.0 metres of 3.8% U3O8, including 0.5 metres @ 13.7% U3O8. LE19‐06 was collared 30 metres to the east of drill hole LE18‐01A, the original discovery drill hole which returned 8.5 metres @ 1.3% U3O8 including 2.5m @ 3.6% U3O8. LE19‐09, a 30 metre step out to the west, intersected strong radioactivity that consists of 4.5 metres of fracture controlled, disseminated and replacement styles of pitchblende uranium mineralization (>1,000 cps RS‐125), as summarized in Table 1. This includes 2.0 metres of strongly elevated radioactivity that averages >20,000 cps (RS‐125). The Hurricane zone is a new discovery of high‐grade uranium mineralization on the Company’s 100% owned Larocque East property (the “Property”) in the eastern Athabasca Basin of northern Saskatchewan (Figure 1). As a result of its successful exploration efforts, the Company is expanding its 2019 winter drill program to further define the extent of the mineralization which currently stands at 60 metres long and 38 metres wide and remains open along strike in both directions. The Company, having raised $5.5 million in December 2018, remains fully funded for this expanded program and a follow‐up drilling campaign that is planned for the summer. | |
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