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IsoEnergy Completes Review of Winter Drilling Program at the Hurricane Uranium Zone

ID: 1558055
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IsoEnergy Ltd. (?IsoEnergy? or the ?Company?) (TSXV: ISO; OTCQX: ISENF - https://www.commodity-tv.com/play/isoenergy-keeps-finding-high-grade-uranium-perfect-setup-for-storm-in-uranium-market/ ) is pleased to report the results of a review of the winter 2020 drilling program at the Hurricane zone.Eastern Athabasca Basin of Saskatchewan (Figure 1).

Highlights:

  • The Hurricane zone now measures 575m long, 40m across, and up to 11m thick
  • Within the overall Hurricane zone footprint, recent drilling on the western end has intersected a zone of very strong uranium mineralization that is at least 100m long
  • Previously released highlights from the zone of very strong uranium mineralization include:
    • Drill hole LE20-53 - 11.7% U3O8 over 10.5m, including 40.4% U3O8 over 3.0m
    • Drill hole LE20-52 - 22.7% U3O8 over 7.5m, including 67.2% U3O8 over 2.5m
    • Drill hole LE20-51 - 14.5% U3O8 over 7.5m, including 30.9% U3O8 over 3.5m
    • Drill Hole LE20-40 - 20.5% U3O8 over 4.0m, including 53.8% U3O8 over 1.5m
    • Drill Hole LE20-34 - 33.9% U3O8 over 8.5m, including 57.1% U3O8 over 5.0m
    • Drill Hole LE20-32A - 19.6% U3O8 over 8.5m, including 63.6% U3O8 over 2.5m
  • Several areas have excellent potential for expansion
  • A summer drilling program is planned that includes the collection of geotechnical and hydrogeological data
  • With $3.5M in its treasury, the Company is funded through the planned summer drilling program

Craig Parry, Chief Executive Officer commented: ?Our initial review of the winter Hurricane zone drilling results has been very positive.posit?s extents are better understood ? likely sometime within the next 12 months.?

Steve Blower, VP Exploration commented: ?The winter drill program has confirmed that our Hurricane discovery has significant size and high-grade uranium potential. r news flow over coming months as we move towards delineating an initial Mineral Resource on Hurricane?.

Results

A program of 10,322m of core drilling in 24 drill holes was completed in March with two drills.

Western Hurricane Zone Expansion

All 14 drill holes completed at the western extension of the Hurricane zone were mineralized (Table 1).3O8 over 8.5m, including 57.1% U3O8 over 5.0m.

Eastern Potential

Drilling to the east of the Hurricane zone evaluated the western portion of a 5km long basement conductive zone mapped by the 2019 DC-resistivity survey (Figure 4).

Next Steps

Detailed geological and geochemical interpretations are now underway and will aid planning for a summer 2020 drilling program. Mineral Resource estimate will follow ? likely within the next 12 months.

The Larocque East Property and the Hurricane Zone

The 100% owned Larocque East property consists of 25 mineral claims totaling 14,921ha that are 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. and Orano Canada Inc.?s neighbouring property to the southwest of Larocque East.3O8 over 8.5m in drill hole LE20-34.3O8 over 7.0m in drill hole Q22-040.

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).e 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. ard and Management team with a track record of success in uranium exploration, development, and operations.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the ?U.S. Securities Act?), and such securities may not be offered or sold within the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements thereunder.

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, third party contractors, 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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Date: 05/13/2020 - 09:10
Language: English
News-ID 1558055
Character count: 15848
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Firma: Swiss Resource Capital AG
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Stadt: Vancouver, BC
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