IsoEnergy Intersects 7.5m of 14.5% U3O8 in Drill Hole LE20-51 Including 3.5m of 30.9% U3O8

ID: 1557176
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(PresseBox) - IsoEnergy Ltd. (?IsoEnergy? or the ?Company?) (TSXV: ISO; OTCQX: ISENF - https://www.commodity-tv.com/play/isoenergy-new-high-grade-drill-results-from-larocque-east-uranium-project/ ) is pleased to report additional assay results from the winter 2020 drilling program at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company?s 100% owned Larocque East property (the ?Property?) in the Eastern Athabasca Basin of Saskatchewan (Figure 1).

Highlights:

Assays received from drill hole LE20-51 average 14.5% U3O8 and 3.5% Ni over 7.5m from 322.5 to 330.0m (see the core photo in Figure 2)

A higher-grade sub-interval within LE20-51 averages 30.9% U3O8 and 7.1% Ni over 3.5 m from 325.5 to 329.0m

Other assay results include 3.6% U3O8 and 1.4% Ni over 10.0m from 318.0 to 328.0m in drill hole LE20-46.

Assays from the final two drill holes LE20-52 and LE20-53 are still pending, both of which intersected long lengths of strong uranium mineralization, including sub-intervals of off-scale radioactivity (>65K CPS RS-125)

Craig Parry, Chief Executive Officer commented: ?These results come at an important time for the uranium mining industry. With the suspension of operations at several uranium mines and mills around the world including at the world?s largest mine - Cameco?s Cigar Lake ? we are starting to see uranium prices in the spot market rise strongly in recent days. Should these mines stay offline for an extended period we see further upward pressure on prices as utilities move to secure supply. IsoEnergy continues to be one of the most active uranium explorers globally and the great results from these holes are further evidence of the high-grade nature and significance of the Hurricane discovery. We currently have $3.7 million on hand and so are well funded for 2020 and beyond.?



Steve Blower, Vice President of Exploration commented: ?Assay results from the Hurricane zone continue to impress.

Assays Received

Drill Hole LE20-51 (Hurricane Section 4510E)

Drill hole LE20-51 was completed 8m south of previously reported drill hole LE20-32A (19.6% U3O8 over 8.5m) and was designed to evaluate the potential for additional high-grade mineralization south of that drill hole. the drill hole on a plan-view and cross-section, respectively.

Drill Holes LE20-46 and LE20-48 (Hurricane Section 4485E)

Drill holes LE20-46 and 48 were designed to evaluate the potential for additional high-grade uranium mineralization to the north and south of drill hole LE19-12 (Figures 3 and 5).om 316.0 to 327.5m.

Drill Hole LE20-49 (Hurricane Section 4510E)

Completed 15m north of drill hole LE20-32A, drill hole LE20-49 intersected a long interval of uranium mineralization that averages 1.1% U3O8 over 9.0m from 320.5 to 329.5m.

Next Steps

Assays for the final two drill holes completed at the Hurricane zone are expected to be reported soon.

The Larocque East Property and the Hurricane Zone

The 100% owned Larocque East property consists of 20 mineral claims totaling 8,371 ha 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.

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). completed for the Company by SRC Geoanalytical Laboratories in Saskatoon, SK.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.

Craig Parry

Chief Executive Officer

IsoEnergy Ltd.

+1 778 379 3211

cparry(at)isoenergy.ca www.isoenergy.ca

Investor Relations

Kin Communications

+1 604 684 6730

iso(at)kincommunications.com

www.isoenergy.ca

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info(at)resource-capital.ch

www.resource-capital.ch

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,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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Date: 03/31/2020 - 06:09
Language: English
News-ID 1557176
Character count: 2595
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Firma: Swiss Resource Capital AG
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