Uranium explorer IsoEnergy has reported additional exciting assay results at its high-grade uranium Hurricane Zone on its 100% owned Larocque East property in the Eastern Athabasca Basin in Canada. The results come from two drill holes exploring the southern extension of the mineralization.
Drill hole LE20-68 intersected 11m of uranium mineralization that averages 6.9% U3O8, including 1.5m of intense mineralization that averages 49.3% U3O8. Drill hole LE20-72 intersected 6.0m of uranium mineralization that averages 6.2% U3O8, including 1.5m of intense mineralization that averages 20.7% U3O8. Steve Blower, Vice President of Exploration commented: “These results continue to demonstrate the high-grade nature of the southern extension area at Hurricane.
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Assays are pending for four other mineralized drill holes, including drill hole LE20-76, which intersected 7.5m of uranium mineralization including 3.5m of continuous off-scale (>65,000 CPS) radioactivity. Remaining assays are expected to be released in early December. IsoEnergy is well funded with C$11.8m in the treasury; budgets and plans for 2021 activities at Larocque East are being finalized and will be announced in due course.
The Hurricane Zone was discovered in July 2018 and was followed up with 29 drill holes in 2019 and an additional 48 drill holes in 2020. Dimensions are currently 575m along-strike, up to 75m wide, and up to 11m thick. The zone is open for expansion along-strike to the east and to the north and south on some sections. Mineralization is polymetallic and commonly straddles the sub-Athabasca unconformity 320 m below surface. The best intersection to date is 33.9% U3O8 over 8.5m in drill hole LE20-34.
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