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IsoEnergy Ltd.
Summary
| Project: | Thorburn Lake | |
|---|---|---|
| Deposit: | Thorburn Lake | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 1/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-1-2017: IsoEnergy Ltd. announces an Exploration/Drilling Update report for its Thorburn Lake deposit at the Thorburn Lake project. Drilling results incl. 0.5m @ 0.10% U3O8. Vancouver, BC, January 5, 2017 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steve Blower (Internal) | |
| ABSTRACT: | Vancouver, BC, January 5, 2017 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV:ISO) is pleased to report on the firststage of a two‐stage drilling program at each of its Thorburn Lake and Radio uranium projects in the eastern Athabasca Basin of Saskatchewan. Results of Phase 1 drilling at Thorburn Lake include the intersection of uranium mineralization in drill hole RD16‐19, and elevated radioactivity at the unconformity in several other drill holes. The highlight of Phase 1 drilling at Radio wasthe discovery of a large zone of basement clay alteration with a tenor and scale that is typically found close to significant uranium mineralization, including the nearby Roughrider uranium deposit. IsoEnergy is undertaking a two‐stage drilling program, where land accessible targets were drilled during the period September to November 2016, whilst drilling of targets accessible upon ice formation will be undertaken in Q1 2017. Thorburn Lake, located 7 kilometres east of the Cigar Lake uranium mine, is 100% owned. IsoEnergy has an exclusive right to earn a 70% interest in the Radio property, which is located 2 kilometres east of the Roughrider uranium deposit. Six drill holes (2,587 metres) were completed at Thorburn Lake to follow up on two previous drilling campaigns in 2008 and 2011 that identified an area of anomalous radioactivity and geochemistry at the sub‐Athabasca unconformity. Previous results include 0.43% U3O8 over 0.6 metres in drill hole TBN11‐05A. Figure 1 shows the drill hole locations at Thorburn Lake. Depth to the unconformity at Thorburn Lake ranges from 290 to 350 metres. | |
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