IsoEnergy Stakes Six New Uranium Exploration Properties in the Eastern Athabasca Basin
(PresseBox) - ? 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 announce the acquisition through staking of six new uranium exploration properties totaling over 57,000ha in the prolific Eastern Athabasca Basin of Saskatchewan (Figure 1).
New Property Summary:
Hawk: 6,000ha located 37km west of Larocque East, home of the Hurricane Zone
Clover: 24,000ha with over 40km of electromagnetic (EM) geophysical conductors
Tower: 6,300ha located 11km southeast of the Cigar Lake uranium mine
Trident: 9,500ha located along the eastern basin margin 8km south of the Rabbit Lake uranium mill
Gemini: 5,800ha located along the eastern basin margin 60km northeast of the Key Lake uranium mill
Spruce: 6,000ha located along the southern basin margin immediately west of the Evergreen property
With the addition of these newly staked properties, the Company now has 21 uranium exploration properties in the Eastern Athabasca Basin.
Steve Blower, Vice President of Exploration commented: ?These properties have been on our radar for some time, and with the uranium price gaining momentum we elected to secure the tenure now.features and/or proximity to known deposits.?
Hawk Property
The 6,000ha Hawk property was staked to cover an area of low magnetic susceptibility (mag low) indicating the presence of prospective metasedimentary rocks in the basement.
Clover Property
A total of 24,000ha of new claims were staked to cover over 40km of northeast oriented EM conductors (Figure 3) within mag lows at the Clover property.
Tower Property
The Tower property is characterized by significant relief in regional airborne magnetic datasets, including the presence of northeast oriented mag low anomalies.
Trident Property
Trident is located along Hwy 905 along the eastern rim of the Athabasca basin, 8km south of the Rabbit Lake uranium mill (Figure 5).luding a uraniferous boulder field that is partly on the property, plus an outcrop of unconformity-related pitchblende mineralization.
Gemini Property
The Gemini property is also located along the eastern basin margin, 31km southwest of the Company?s East Rim property, and 60km northeast of the Key Lake uranium mill.
Spruce Property
The Spruce property covers parts of three conductive trends immediately west of the Evergreen property (Figure 7).
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).
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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Datum: 27.05.2020 - 02:38 Uhr
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News-ID 1558364
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