Market Herald logo

Subscribe

Be the first with the news that moves the market
  • IsoEnergy Ltd (ISO) has intersected strong radioactivity on its Larocque East property in the Eastern Athabasca Basin of Saskatchewan
  • The area was intersected during exploration and expansion operations at the site’s Hurricane zone
  • The intersection averaged more than 14,000 CPS around 330-335m.
  • Further results will be announced when samples have been analysed in three to four weeks
  • IsoEnergy Ltd. (ISO) was unmoved, with shares currently trading for C$0.38
  • NexGen Energy Ltd. (TSX: NXE), a majority shareholder of IsoEnergy Ltd.,was up 5.04 per cent to C$1.46. 

IsoEnergy Ltd (ISO) has intersected strong radioactivity while expanding operations.

The discovery was on the company’s Larocque East property in the Eastern Athabasca Basin of Saskatchewan.

The notable hole (LE20-30) was drilled in the property’s Hurricane zone to see if the mine’s operations could be expanded to the west. It intersected strong radioactivity averaging greater than 14,000 CPS around 330-335m.

The release noted that the drill hole also suggested additional targets could be located to the south of the section.

Samples have been sent for analysis and the assay results are expected within three to four weeks. 

Steve Blower, Vice President of Exploration at IsoEnergy Ltd., stated, “I’m pleased that we’ve been able to extend the Hurricane zone with the first drill hole of the winter program. “

He went on to say that infill drilling will continue at the Hurricane Zone, while the company eagerly awaits the results from the first drill hole.

The Athabasca Basin hosts the world’s largest supplies of high-grade uranium. The mineralisation- grade here ranges from 10 to 100 times the world average. 

IsoEnergy Ltd. (ISO) was unmoved, with shares currently trading for C$0.38

NexGen Energy Ltd. (TSX:NXE), a majority shareholder of IsoEnergy Ltd.,was up 5.04 per cent, with shares currently trading for C$1.46. 

More From The Market Herald

" Grizzly (TSXV:GZD) to advance 2022 drilling for BC precious & battery metals projects

Grizzly Discoveries (GZD) is reviewing proposals for core drilling during the 2022 exploration season.

" ArcPacific (TSXV:ACP) locates lost gold-copper mine on LMSL Project

ArcPacific Resources Corp. (ACP) has discovered an early 1900s era gold-copper mine at its LMSL Project in British Columbia.

" CanAlaska Uranium (TSXV:CVV) begins airborne survey at Geikie Project

CanAlaska Uranium (CVV) has begun a high-resolution helicopter-borne aeromagnetics and radiometrics survey on its Geikie project.

" Osisko Development (TSXV:ODV) releases San Antonio Property mineral resource estimate

Osisko Development Corp. (ODV) has released an initial open pit resource estimate at its San Antonio Project in Sonora State, Mexico.