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Jan. 15, 2019 05:18AM PST
4,500 Metre, 10-hole Drill Program Following Up on Discovery Intercept of 8.5 Metres Averaging 1.26% U3O8
IsoEnergy Ltd. (TSXV:ISO; OTCQX:ISENF) (“IsoEnergy” or the “Company”) is pleased to announce that it has commenced a program of follow-up core drilling targeting extensions of the newly discovered Hurricane zone uranium mineralization at its 100% owned Larocque East property (the “Property”) in the Eastern Athabasca Basin of Saskatchewan.
Drilling Program Mobilization Highlights
Figure 1 – Larocque East Property Map (CNW Group/IsoEnergy Ltd.)
Figure 2 – LE18-01A Cross Section with Uranium Geochemistry (CNW Group/IsoEnergy Ltd.
- 23 kilometres of winter road have been established
- A fully winterized work camp has been erected one kilometre from the drill site
- Drilling has begun with the collaring of drill hole LE19-02
Steve Blower, Vice President, Exploration commented: “This program, being the first follow-up drilling campaign to our successful summer 2018 program, is the first step in determining the nature and extent of the Hurricane zone, one of many drilling targets present on the Larocque East property.”
The Drill Program
The planned drilling program consists of 4,500 metres of core drilling in ten drill holes designed to follow-up discovery hole LE18-01A, the last hole drilled in the summer 2018 drilling program. An 8.5-metre-long interval of uranium mineralization (see news release dated July 25, 2018) in LE18-01A averages 1.26% U3O8 (above a cutoff of 0.1% U3O8) and includes 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. Figure 1 shows the location of the Larocque East property and the Hurricane zone.
A 23-kilometre-long winter road has been established from the Athabasca seasonal road that connects Points North Landing and Stony Rapids. The winter road has allowed the construction of a fully-winterized and scaleable temporary work camp that is located approximately one kilometre from the drill site.
Initial drill holes will determine the nature and extent of the Hurricane zone on the LE18-01A cross-section, with holes drilled both to the northwest and southeast of the discovery drill hole LE18-01A. Drill hole spacing on the section is expected to be approximately 12.5 metres and is shown on the cross-section in Figure 2. The first follow up drill hole to LE18-01A is called LE19-02 and is a vertical hole that will intersect the unconformity target 12.5 metres north of drill hole LE18-01A. Once the dimensions and the geology on the LE18-01A cross-section are fully understood, subsequent drill holes will step out along-strike of the Hurricane zone in both directions. The expected step-out distance along-strike is 25-50 metres, depending on the results from the initial drill holes.
The Larocque East Property
Larocque East consists of 6 mineral claims totaling 3,200 hectares and was recently purchased in May, 2018. The Property is owned 100% by IsoEnergy and is not encumbered by any royalties or other interests. Larocque East is immediately adjacent to the north end of IsoEnergy’s recently expanded Geiger property and is 35 kilometres northwest of Orano Canada’s McClean Lake uranium mine and mill.
The Property covers a 15-kilometre-long northeast extension of the Larocque Lake conductor system; a trend of graphitic metasedimentary basement rocks that is associated with significant uranium mineralization in several occurrences to the southwest of the Larocque East property. The closest of these are Cameco’s Larocque Lake and Larocque Northzones, which are located 6.5 kilometres and 0.4 kilometres, respectively, to the southwest of the western Larocque East property boundary. Drilling at the Larocque Lake zone has returned intersections of up to 29.9% U3O8 over 7.0 metres in drill hole Q22-040. The Larocque East property is located adjacent to the Wollaston-Mudjatik transition zone – a major crustal suture related to most of the major uranium deposits in the Eastern Athabasca Basin. Importantly, the vertical distance from surface to the unconformity is short, ranging between 140 metres and 330 metres in previous drilling. A total of 23 historical drill holes have been completed on the Property along approximately 22 kilometres of graphitic conductors. Several high priority drilling targets are present on the property (see Figure 1), in addition to the open high-grade uranium mineralization at the Hurricane zone.
Qualified Person Statement
The scientific and technical information contained in this news release was prepared by Steve Blower, P.Geo., IsoEnergy’s Vice President, Exploration, who is a “qualified person” (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects). Mr. Blower has verified the data disclosed. This news release refers to properties other than those in which the Company has an interest. Mineralization on those other properties is not necessarily indicative of mineralization on the Company’s properties.
About IsoEnergy
Having raised $5.5 million in the past month, IsoEnergy is a well-funded uranium exploration and development company with a portfolio of prospective projects in the eastern Athabasca Basin in Saskatchewan, Canada and a historic inferred mineral resource estimate at the Mountain Lake uranium deposit in Nunavut. IsoEnergy is led by a Board and Management team with a track record of success in uranium exploration, development and operations. The Company was founded and is supported by the team at its major shareholder, NexGen Energy Ltd.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and such securities may not be offered or sold within the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements thereunder.
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities and completion of the acquisition of the Property. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, the influence of a large shareholder, alternative sources of energy and uranium prices, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
Click here to connect with IsoEnergy Ltd. (TSXV:ISO) for an Investor Presentation.
Source: www.newswire.ca
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Generation Uranium offers investors high-leverage exposure to a potential major discovery in Canada’s underexplored and resource-rich Thelon Basin, led by a management team with a proven track record of securing high-value exits.
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- Strategic Location in a Premier Uranium District: The flagship Yath Project is located in Nunavut’s Thelon Basin, contiguous to ATHA Energy’s Angilak Project, which hosts the high-grade Lac 50 deposit.
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Metals.io is a unified real-world asset platform built on Tezos infrastructure, designed to simplify access to physically backed commodities through blockchain tokenization. It enables investors to gain exposure to uranium, gold, and strategic metals through a single digital interface, reducing fragmentation, limited accessibility, and opacity traditionally associated with commodity markets.
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As of June 2026, the company has also purchased and tokenized cobalt and nickel, allowing investors to own the metals through xCo and xNi tokens. This allows for easier access, ownership and trading of both metals, which are utilized in high-demand sectors such as electric vehicles, battery storage systems and clean energy technologies.
Company Highlights
- Multi-Asset Commodity Platform: Provides access to tokenized uranium (xU3O8), cobalt (xCo), nickel (xNi), gold (VNXAU), a diversified strategic metals basket (RARE) through a single interface, with more coming soon
- Built on Tezos: Utilizes Tezos smart-rollup technology to enable scalable, low-latency and energy-efficient real-world asset tokenization.
- Physically Backed Assets: Tokens represent ownership of underlying physical commodities or allocated reserves, ensuring a direct link between digital assets and real-world commodity.
- Institutional-Grade Custody: Archax, an FCA-regulated digital asset custodian, provides secure and compliant custody, with uranium stored in regulated facilities operated by Cameco, and physical nickel and cobalt stored at industry-certified bonded warehouses in the Netherlands
- Established Supply Chain: Curzon Uranium supports sourcing and logistics for uranium; Steinweg / C. Steinweg are physical custodian of the underlying cobalt and nickel; while VNX and Noemon Tech contribute gold and strategic metals exposure.
- Global Market Access: Enables 24/7 access to tokenized commodities through digital asset infrastructure, supporting broader investor participation.
- Enhanced Market Transparency: Integrates pricing and data systems aimed at improving visibility in traditionally opaque commodity markets.
- On-Chain Financial Utility: Tokenized commodities can be used within decentralized finance applications, enabling liquidity access without selling underlying assets.
- Aligned with Global Demand Trends: Provides exposure to commodities central to nuclear energy, monetary hedging, industrial production, and advanced technologies, including AI and electrification.
Key Assets
xU3O8 – Tokenized Uranium
xU3O8 provides direct exposure to physically backed uranium ore concentrate, a core input in nuclear energy generation. Each token represents ownership of uranium stored in regulated facilities, enabling fractional access to a historically institutional market.
Uranium plays a critical role in the global energy transition as nuclear power expands to meet rising electricity demand and decarbonization targets. xU3O8 enables investors to participate in this sector through a transparent, digitally accessible structure linked to physical supply.
On July 2026, Metals.io announced that xU3O8 is now available for trading on global crypto platforms Kraken and Kraken Pro. Aside from the Metals.io website, xU3O8 is also accessible via Gate, KuCoin, MEXC, Bitrue, LBank, BingX, the decentralized exchange Hanji and uranium.io.
The company highlighted the value of access to uranium with fractional ownership, no minimums, 24/7 global availability and near-instant settlement, providing individual investors with ownership options amidst the growing global electricity demand.
VNXAU – Tokenized Gold
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RARE – Strategic Metals Basket
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As global supply chains tighten and demand accelerates for critical inputs, strategic metals have become increasingly important to economic and technological resilience. RARE enables diversified exposure through a single tokenized instrument.
xCo - Tokenized Cobalt
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xNi - Tokenized Nickel
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Tezos Infrastructure
Metals.io is built on Tezos smart-rollup architecture, enabling high-speed execution, low latency, and scalable tokenization of real-world assets.
Physically Backed Asset Framework
Each token is backed by physical commodities or allocated reserves, ensuring verifiable linkage between digital assets and underlying real-world holdings across uranium, gold, cobalt, nickel, and strategic metals.
Institutional Custody & Supply Chain
- Archax provides FCA-regulated custody
- Cameco-operated facilities store uranium reserves
- Curzon Uranium manages sourcing and logistics for Uranium
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- Steinweg / C. Steinweg are physical custodian of the underlying nickel and cobalt, with material held in LME (London Metals Exchange)-approved or equivalent warehouse facilities
Market Infrastructure
Metals.io incorporates pricing and transparency systems designed to improve visibility in historically opaque commodity markets, particularly uranium and strategic metals.
On-Chain Utility
Tokenized commodities can be used as collateral in decentralized finance applications, enabling access to liquidity without requiring asset liquidation; currently available for Uranium and being expanded to other metals.
