As a result of an ambient noise tomography (ANT) survey completed this summer in the Athabasca Basin, IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) has identified six intriguing new uranium targets.
The 20-square-kilometre survey covered the remainder of its primary project’s property that had not yet been examined.
IsoEnergy explained last week that these newly discovered anomalies indicate that Larocque East’s mineralized system extends much further east than previously thought.
They are situated on strike with the property’s Hurricane deposit.
Six new target areas, E-J. Map: IsoEnergy
Summer drill program nearly complete
Reconnaissance drill testing of these targets is now underway. Initial results have shown geological traits known to be associated with uranium mineralization, exploration manager Darryl Clark says.
“We are encouraged by the recent ANT survey results,” Clark said, “which highlight that the potential of the mineralizing system extends further to the east than was identified by historical exploration, uncovering numerous high-priority targets.”
IsoEnergy has nearly completed this year’s summer drill program at Larocque East. Only four out of 27 holes are yet to be drilled.
A recent report from Red Cloud Financial Services gave the company a high share target price and BUY rating.
⚡️Red Cloud #Mining Analyst David Talbot reaffirms his BUY Rating and C$7.45 Price Target (+150% Uplift)🎯 for IsoEnergy Ltd (TSX: $ISO) as Hurricane Could Storm Over 9km as Suggested by ANT Surveys🇨🇦🌀⚛️⛏️🤠🐂 #Uranium #Nuclear #Canada @IsoEnergyLtd https://t.co/kV5L3jgGeM pic.twitter.com/mxYvxuGEG5
— John Quakes (@quakes99) August 19, 2024
Read more: ATHA Energy exploration program in Angilak Project produces promising results
Read more: ATHA Energy’s geodata director scoops prize for AI deposit targeting method
Joint venture with ATHA in key areas
IsoEnergy currently has an ongoing partnership in the Athabasca Basin with ATHA Energy Corp. (TSX-V: SASK) (OTCQB: SASKF) (FRA: X5U).
ATHA holds a 10 per cent carried interest on certain portions of IsoEnergy’s exploration package in the region.
Most notably, two sections of land right next to the exceptionally high-grade Cigar Lake and McArthur River mines held by Cameco Corporation (TSX: CCO).
ATHA is a uranium explorer with several qualities that many of Canada’s top uranium prospectors and developers are lacking. These include an exceptionally large land package and exposure to Nunavut’s Thelon Basin.
Credit: ATHA Energy
ATHA Energy is a sponsor of Mugglehead news coverage
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