For thousands of other reports visit RSC's Mineral Intellingence Map
IsoEnergy Ltd.
Summary
| Project: | Larocque East | |
|---|---|---|
| Deposit: | Larocque East | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 8/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-8-2018: IsoEnergy Ltd. announces an Exploration/Drilling Update report for its Larocque East deposit at the Larocque East project. Drilling results incl. 8.5m @ 1.26% U3O8 from 338.5m. Vancouver, BC, August 8, 2018 – IsoEnergy Ltd. (“IsoEnergy” or the “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steve Blower (Internal) | |
| ABSTRACT: | Vancouver, BC, August 8, 2018 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) is pleased to announce geochemistry results for the interval of uranium mineralization intersected in previously reported drill hole LE18-01A. Drill hole LE18-01A was completed on the 100% owned Larocque East property (the “Property”) in the Eastern Athabasca basin, Saskatchewan (Figure 1). A broad, 8.5-metre-long interval of elevated radioactivity (see news release dated July 25, 2018), averages 1.26% U3O8 (above a cutoff of 0.1% U3O8), and includes a higher-grade subinterval of 3.58% U3O8 over 2.5 metres. Within the higher-grade subinterval is a zone of off-scale radioactivity (>15,000 cps on an SRAT SPP2 scintillometer (the “SPP2”)) that averages 6.45% U3O8 over 1.0 metre. This new zone of mineralization has been named the Hurricane zone. Craig Parry, Chief Executive Officer commented: “The geochemical results reported herein support our view that the Hurricane zone is a significant new discovery of high-grade uranium mineralization in the Eastern Athabasca Basin. Importantly, the mineralization is relatively shallow and close to other major uranium deposits and mines in the prolific Eastern Athabasca. It is pleasing that as we continue to execute on our strategy of acquisition and exploration of Athabasca Basin uranium assets that these projects are starting to deliver on their exploration potential. The timing for discovery of high-grade uranium could not be better as the uranium spot price continues to strengthen to over $26/lb. in recent days with further upward pressure on the uranium price emerging. We continue to work hard to position IsoEnergy as the go-to name amongst junior uranium exploration companies and these excellent results see us firmly on that path.” Steve Blower, Vice President, Exploration commented: “With only one hole completed in the zone to date, follow-up drilling should be exciting. Several geological features in drill hole LE18-01A are highly encouraging, including elevated geochemistry in the sandstone, impressive structures both high in the sandstone and in the basement that may be important controls on additional mineralization, and strong alteration of both the sandstone and basement. These features suggest that even stronger mineralization may be present elsewhere | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report