IsoEnergy Intersects Uranium Mineralization

Canadian uranium explorer IsoEnergy (TSXV:ISO), reports that it has intersected an interval of uranium mineralization in drill hole LE18-01A, the final drill hole of its eight-hole summer core drilling program.

IsoEnergy is a uranium exploration and development company with a portfolio of prospective projects in the eastern Athabasca Basin in Saskatchewan; and a historic inferred mineral resource estimate at the Mountain Lake uranium deposit in Nunavut.

As quoted from the press release:

Drill hole LE18-01A was completed on the 100 percent owned Larocque East property in the Eastern Athabasca basin, Saskatchewan. The drill hole intersected a broad, 8.5-metre-long interval of elevated radioactivity(>500 counts per second (cps) on a hand-held SRAT SPP2 scintillometer. The broad interval includes a 2.5-metre-long subinterval of moderate to strong radioactivity that measures >2,500 cps on the SPP2. Within the 2.5-metre-long subinterval is a 1.0-metre-long zone of strong radioactivity that measures >15,000 cps, which is off-scale on the instrument. Pitchblende is present and is associated with clay and hematite.

“I’m very pleased to announce this successful exploration result in the prolific Eastern Athabasca Basin of Saskatchewan. With a turn-around in the uranium price anticipated in the short and medium term, this is a perfect time for exploration success. Our strategy of opportunistic growth through exploration in the Athabasca and acquisition of undervalued uranium assets has put the company in a solid position to benefit from improving market conditions,” said Craig Parry, chief executive officer.

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