Traction Uranium - CEO, Lester Esteban.
CEO, Lester Esteban.
Source: Traction Uranium.
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  • Traction (TRAC) has discovered anomalous radiation in 7-10 drill holes at Lazy Edward Bay
  • The results stem from the now completed 3,005 m summer drill program on the property
  • Findings indicate unconformity-type high-grade uranium deposits typical in the basin
  • Traction Uranium is a mineral exploration and development company with two flagship uranium projects in Canada’s Athabasca Region
  • Traction (TRAC) is up by 1.23 per cent trading at $0.41 per share

Traction (TRAC) has discovered anomalous radiation in 7-10 drill holes at Lazy Edward Bay.

The results stem from the now completed 3,005 m summer drill program on the property, which is located in the Athabasca Basin.

Downhole gamma results

Drilling encountered favorable structure, alteration and anomalous radioactivity near historic hole LE-73 on the West Horse Conductor.

Drilling intersected the unconformity at 173 m, while a large fault zone was intersected between 178.4 m and 190.1 m.

The company also defined several drill targets along the East and West Horse conductors.

Favourable structure and alteration along with elevated radiation levels indicate unconformity-type high-grade uranium deposits typical in the basin.

Traction has submitted 838 samples for lithogeochemical analysis.

The company is funding the ongoing program in accordance with its option agreement with Fission 3.0 (FUU).

“We are encouraged with the drill program at Lazy Edward Bay where 70% of the holes intersected anomalous radiation, indicating that the Western Horse Conductor is showing all the right signs for further work and warranting additional drill testing,” stated Lester Esteban, Traction’s CEO.

“Our exploration team will be looking very closely at the geochemical analyses once received to reconcile with the drill data to define high-priority follow-up targets for our next drill program,” he added.

Traction Uranium is a mineral exploration and development company with two flagship uranium projects in Canada’s Athabasca Region.

Traction (TRAC) is up by 1.23 per cent trading at $0.41 per share as of 12:28 pm EST.

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