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IsoEnergy Finalizes Uranium Target Areas for Winter Drilling; Notes Increasing Uranium Price in Spot Market

Aggressive Infill and Step-Out Program to Follow Up on High-Grade Uranium Discovery in Eastern Athabasca Basin; Spot U3O8 price has increased 8% in recent weeks

ID: 1554096
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(PresseBox) - IsoEnergy Ltd. (?IsoEnergy? or the ?Company?) (TSXV: ISO; OTCQX: ISENF - https://www.commodity-tv.com/play/isoenergy-drilling-new-target-areas-in-winter-2020/ ) is pleased to provide an update on current targeting plans for the Hurricane zone at the Larocque East property.

The Company also notes that in recent weeks the uranium price as reported by Numerco (www.numerco.com) has risen strongly. Numerco was reporting a spot U3O8 price of US$24.00/lb. on 31 October 2019. As at 19 November 2019 the reported spot price is $26.00/lb., an increase of $2.00/lb. or 8%. IsoEnergy is encouraged by the renewed activity in the spot market and this rise in price and encourages investors to monitor prices over the coming weeks and months.

Targeting Highlights

Two primary objectives:


Evaluate the eastern strike extension beyond drill hole LE19-26

All necessary permits are in hand, with drilling expected in January

Select intersections drilled to date include:

4% U3O8 over 7.0 m in drill hole LE19-16A

4% U3O8 over 5.0m in drill hole LE19-02

2% U3O8 over 4.5m in drill hole LE19-09

Dimensions are currently 500m along-strike, 40m wide and up to 10m thick and remains open along-strike and on most sections

On 12 November 2019 IsoEnergy announced a $6.15 million dollar financing which will see company fully funded for the planned exploration program.

Steve Blower, Vice President of Exploration commented: ?The excellent results obtained from our drilling efforts in 2019 warrant an aggressive drilling campaign to start 2020.

Planned Infill Drilling

Considerable drilling is still required within the current mineralized footprint of the Hurricane zone (Figure 2). the westernmost drill hole and the western property boundary.



Planned Step-out Drilling

The only drill hole completed by IsoEnergy to date east of the Hurricane footprint is drill hole LE19-26.estern end of a long conductor that extends for several kilometres to the east.

Next Steps

A budget and drilling plan designed to meet the objectives outlined above are currently being finalized.

The Larocque East Property and the Hurricane Zone

The 100% owned Larocque East property consists of 20 mineral claims totaling 8,371 ha and is not encumbered by any royalties or other interests.

Along with other target areas, 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 at the Hurricane zone, and in several occurrences on Cameco Corp.?s neighbouring property to the southwest of Larocque East.

Qualified Person Statement

The scientific and technical information contained in this news release was prepared by Andy Carmichael, P.Geo., IsoEnergy?s Senior Geologist, who is a ?Qualified Person? (as defined in NI 43-101 ? Standards of Disclosure for Mineral Projects).l, the true thickness of the intersections is expected to be greater than or equal to 90% of the core lengths.ng its quality assurance and quality control procedures, please see the Technical Report dated effective May 15, 2019 on the Company?s profile at www.sedar.com.

About IsoEnergy

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.

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. 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,ntractors, 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.



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published by: PresseBox
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Date: 11/20/2019 - 16:35
Language: English
News-ID 1554096
Character count: 2576
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Firma: Swiss Resource Capital AG
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Stadt: Vancouver, BC
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