IsoEnergy Ready For Next Phase Of Athabasca Uranium Hunt
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IsoEnergy Ready For Next Phase Of Athabasca Uranium Hunt

byColin Sandell-Hay, Contributor - The Assay
4 years ago
Reading Time: 3 mins read
IsoEnergy Ready For Next Phase Of Athabasca Uranium Hunt

IsoEnergy Ltd (TSXV: ISO) (OTCQX: ISENF) is preparing for the next phase of its 2022 exploration activities on the 100% owned Larocque East, Geiger, Hawk and Ranger projects in the eastern Athabasca Basin.

Larocque East hosts the Hurricane Zone, a high-grade uranium discovery located in the Eastern Athabasca Basin of Saskatchewan. Winter 2022 drilling at Hurricane has now concluded and advanced planning is underway for the follow-up summer programme.

Highlights:

  • 30 drill holes totalling 12,147m completed at Larocque East;
  • 36km of conductor strike mapped in two target areas at Geiger, and
  • Ground geophysical surveys completed at Ranger and Hawk.

“IsoEnergy has successfully completed the winter drill programme at Larocque East, and significantly advanced the understanding of Hurricane’s current size and scope,” President and CEO, Tim Gabruch, said.

“Assay results are pending and based on these winter drill results at Larocque East and forthcoming geophysical survey results, planning is well underway for an upcoming summer exploration programme.”

Vice President of Exploration, Andy Carmichael, said that during the winter season, the company continued to advance the Project while developing a pipeline of drill-ready projects and targets.

“At Larocque East, drilling evaluated Hurricane for the potential for additional significant mineralisation as well as systematically explored the highly prospective Larocque Lake conductive trend.

“Concurrently, geophysical surveying has been completed at Geiger, Ranger and Hawk and successfully generated quality drill targets for future drill programmes.”

Note: Radioactivity is total gamma counts per second (CPS) from drill core measured with an RS-125 hand-held spectrometer (RS-125).

Larocque East Project

Drilling at Larocque East recently concluded and had two primary objectives: one, testing for step out mineralisation at the Hurricane zone and, two, systematic exploration of the Larocque Lake conductive trend within the project. Winter drilling comprised 30 diamond drill holes totalling 12,147m.

At Hurricane, drilling followed-up mineralisation intersected in LE21-101 (0.6% over 4.5m including 3.1% over 0.5m) which was open to the east and for 150m to the west. Testing comprised a series of systematic step outs to test for mineralisation.

Located 75m west of LE21-101, LE22-115A intersected 2.0m of radioactivity >500 CPS from 335.0m to 337.0m which included 0.5m >5,000 CPS from 335.5m to 336.0m. No significant radioactivity was intersected in the four remaining 2022 Hurricane-area drill holes. Geochemical results, including U3O8 assays from LE22-115A, are pending and will influence future drilling plans at Hurricane.

The remaining 25 drill holes explored the fertile Larocque Lake conductive trend which extends for approximately eight km east of Hurricane.

Twelve drill holes were completed in Area A to follow-up anomalous results in previous drilling and test basement electromagnetic conductors with coincident zones of decreased resistivity in the overlying sandstone. Anomalous alteration and structure were intersected in several drill holes along the south-eastern margin of the Area A.

Key results include drill hole LE22-116 which intersected radioactivity >500 CPS from 282.0 to 282.5m immediately above the unconformity. Like mineralisation at Hurricane, radioactivity in LE22-116 is associated with strong, sandstone-hosted hydrothermal hematite and sulphide alteration.

For further information please visit: https://www.isoenergy.ca/

Tags: AthabascaCanadaEnergy MetalsTSXV:ISOUranium
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Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay is a multi-award-winning mining journalist and investor relations specialist with a major focus on the resources sector. He has 48 years of editorial and public relations experience, with more than 30 of those in business and resources media. His in-depth, technical knowledge was recognized in 2010 when he was presented with the coveted APPEA JN Pierce Award as the leading petroleum journalist in Australia. Colin is currently a freelance news editor and features writer for The Assay.

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