IsoEnergy Ltd.’s (TSX-V: ISO) winter exploration program in the eastern Athabasca Basin enabled the company to identify some promising targets to pursue later this year.
The uranium explorer provided an update on its recent activities at the Laroque East and Hawk projects this Thursday. IsoEnergy completed over 7,000 metres of drilling in 13 holes throughout the program’s duration. Ground geophysical surveys were utilized to locate potential deposits.
“Encouraged by this relatively limited drill testing, we are planning an expanded summer drill program starting in June at Laroque East,” chief executive Phil Williams said. “The work at Hawk confirmed our view that a very large exploration target exists there.”
In particular, the prospector says this year’s winter exploration work helped to extend Hawk’s structural corridor identified in 2023. Follow-up drilling will commence during the summer months.
IsoEnergy will attend the Energy Transition Metals Summit conference in Washington D.C. at the end of April.
The company just hosted an informative session in Saskatoon regarding its recent activities in the Athabasca Basin.
We're pleased to host a technical session at IsoEnergy's corporate office in Saskatoon today to discuss our progress in the Athabasca Basin. Joining us are analysts and representatives from the Government of Saskatchewan.🇨🇦$ISO $ISENF#IsoEnergy #Saskatchewan #Uranium #nuclear pic.twitter.com/ji1zqetlfN
— IsoEnergy Ltd. (@IsoEnergyLtd) April 25, 2024
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IsoEnergy to conduct summer surveys at other sites
The company says it will complete a series of helicopter, drone radiometric, magnetic and ground ambient noise tomography surveys at the Cable, Madison, Evergreen, 2Z and Rapid River projects in late Q2 and Q3.
Others are being considered as well; IsoEnergy has 20 properties in the Athabasca Basin spanning over 200,000 hectares. The company claims that its Hurricane deposit is the world’s highest-grade indicated uranium mineral resource.
IsoEnergy currently has an C$8 million equity holding in the uranium prospector ATHA Energy Corp. (TSX-V: SASK) (OTCQB: SASKF) (FRA: X5U). It also holds an interest in Premier American Uranium (TSX-V: PUR) valued at C$10.2 million.
The influential uranium operator NexGen Energy Ltd. (TSX: NXE) holds a 33.9 per cent stake in IsoEnergy.
In addition to its Saskatchewan operations, the company is focused on developing a series of projects in the United States, Australia and Argentina.
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