One of the highest-grade discoveries in Canada’s world-famous Athabasca Basin just got more exciting news.
IsoEnergy Ltd. just revealed their recent drill results, which reaffirm that their Hurricane Zone is shaping up to be the biggest discovery in the area in the past several years.
Results from 3 recent drill holes on the west end of the property showed extremely high grades of up to 48.8% uranium over 5m.
These results are in addition to the impressive results from earlier this year.
During the winter 2020 program, ISO drilled another intercept showing grades of up to 34% over 8.5 m.
To put that into context with gold discoveries, that’s like drilling 8.5m at 496 g/t gold, enough to make it the 5th best drill hole of any commodity in 2020.
But their latest results this month shows they’re just warming up.
Based on these promising new results, they’ve expanded their exploration zone 30 more meters to the south and on a previously untested fault.
And it’s all happening in the heart of Canada’s Athabasca Basin.
The uranium ore in the region is estimated to be up to 100x the world’s average grade, providing around 15% of the world’s uranium supply.
The Athabasca Basin is world-famous for having some of the largest, high-grade uranium deposits around the globe, like NexGen’s Arrow deposit and Cameco’s Cigar Lake and McArthur River mines.
Now, IsoEnergy seems poised to be next on that list.
Because the grade and thickness of the intercepts from their recent drill holes reaffirms it…
IsoEnergy’s Hurricane Zone is on pace to become the next world-class uranium deposit.
And the news has only gotten bigger in recent weeks.
Just after breaking news on their high-grade intercepts in these new drill holes, they released another exciting announcement.
They announced that they’d drilled more holes south to see if these trends still had room to expand…
And the 3 latest drill holes intersected more strong radioactivity.
That suggests the potential for an even larger discovery than they anticipated.
Which is why investors who were already watching the activity in the Athabasca Basin are now waking up to IsoEnergy’s discovery just in time.
DOWNLOAD OUR NEW REPORT TO DISCOVER WHY THIS COULD BE THE MOST EXCITING PHASE FOR INVESTORS IN ISOENERGY’S URANIUM PROJECT
The Most Exciting Phase
With the latest news, IsoEnergy is now entering the most exciting phase for early investors.
They’ve now shown that they’re sitting on an extremely high-grade uranium deposit, and it appears to be even bigger than they originally thought.
Which is why they’ve decided to expand their current drill program to 24 holes, from their previous plan of 20.
And it couldn’t be happening at a greater time in the uranium markets.
That’s because with major mines shutting down left and right due to the global pandemic, the scales have completely shifted in terms of supply and demand.
The uranium market has quickly gone from having a global surplus… to draining any reserves it had day after day.
And since the mines that are still running are only producing a fraction of the uranium needed to keep power plants running, uranium prices have been soaring this year.
That’s why Bloomberg says, “Uranium surges 31%… to become the year’s top commodity.”
Barron’s is reporting, “Commodities were hit by the perfect storm this year. Except this one [uranium].”
And one analyst at MorningStar is touting that their forecasts see uranium spot market prices doubling from their current prices… all after already having an incredible year.
This is great news for IsoEnergy as they’ll be growing their high-grade Hurricane uranium deposit in the hottest uranium market since 2009.
ISO shares are already up an incredible 247% on the year.
That means early investors had the chance to more than triple their money so far, but many expect this could be just the beginning.
They still have 5 more drill holes remaining in their summer drill program.
From there, they’ll send samples to Saskatoon where they’ll wait 3-4 weeks to hear word on just how rich the grades are from their latest samples.
And investors are eagerly awaiting these results.
IsoEnergy is following in the footsteps of NexGen (ISO’s parent company) with the highest grade discovery since NexGen’s Arrow deposit.
Back in 2016, NexGen was just a small cap stock with shares trading for less than $1.
But after their discovery at the Arrow deposits, their shares exploded.
They discovered an estimated 256.6 million lbs. of uranium at grades up to 17.85% at their highs on the property.
And early investors saw shares jump an incredible 244% in just a few months.
With a market cap now sitting at an enormous $870 million, NexGen is now one of the leading names in the industry.
But with a market cap of only $124 million, IsoEnergy has plenty of upside left as they plow ahead to complete their drill program.
And now, as major shareholders of IsoEnergy themselves, NexGen is just as eager to see what comes next for IsoEnergy.
If they follow a similar path, this new discovery at IsoEnergy’s Hurricane Zone could push them to become the next major in the region.
With the results they’ve just announced, it’s already proven to be one of the hottest uranium discoveries of the past several years.
But as they wrap up their summer drill program, early investors could be just days away from finding out how massive this discovery truly is.
CLICK HERE TO DOWNLOAD OUR SPECIAL REPORT NOW AND DISCOVER WHY EARLY INVESTORS ARE SO CONFIDENT ISOENERGY IS SITTING ON THE NEXT GREAT URANIUM DISCOVERY
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