ENERGY MINERALS

IsoEnergy receives assay results at Hurricane uranium project

IsoEnergy announced on February 3 the final assay results from its 2021 summer drilling programme at the high-grade uranium Hurricane zone. The project is located at the company’s 100%-owned Larocque East property in the Athabasca Basin of Saskatchewan.

Petra Witowski
IsoEnergy receives assay results at Hurricane uranium project

 

The results included hole LE21-107 in the southern expansion, which intersected 6.5m averaging 20.4% U308 from a depth of 325.5m to 332.2m, including 3.5m averaging 34.5% U308. In addition, drill hole LE21-87A intersected 7.5m averaging 4.5% U308 from 331m to 338.5m.

However, results from a few of the targeted drill holes showed no significant mineralisation.

IsoEnergy's president and CEO, Tim Gabruch, said the overall results support the further growth of the Hurricane zone, in particular hole LE21-101, which highlight's the zone's continued prospectivity.

This hole was testing the prospective graphitic structural corridor bounded by faults in an area that has seen limited drilling. Results indicated the hole intersected 4.5m averaging 0.6% U308 from 324.5m to 329m and included 0.5m averaging 3.1% U308.

"Our winter drilling programme is now underway and we will focus our expansion drilling on the corridor highlighted by this hole," he said. "Nuclear energy is gaining increased global support for the important role it has to play in providing clean energy. This underscores the importance of work being done to uncover future uranium supply sources".

The company's Larocque East property includes 33 mineral claims totalling 16,780 hectares.

On February 3, IsoEnergy traded on the Toronto Stock Exchange at C$3.21/share, the second-lowest close seen so far this year.

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