08:28 AM EDT, 04/25/2024 (MT Newswires) -- IsoEnergy ( ISENF ) said on Thursday that winter 2024 exploration work on its uranium properties in the eastern Athabasca Basin confirmed anomalies and identified new targets that will be tested during its summer exploration program that begins in June.

The winter program included 7,227 meters of drilling in 13 diamond drill holes on the Larocque East and Hawk projects, the company said. At Larocque East, the campaign defined a large hydrothermal system typically associated with unconformity uranium deposits in the Athabasca basin. Results at Hawk elevated the potential the project has a large uranium deposit.

"We are strongly encouraged by the results from our first drill testing of the [ambient noise tomography or ANT] anomalies identified at the Laroque East and Hawk projects," CEO Phil Williams said. "In both cases, drilling proved that the ANT surveys correctly show alteration, a prerequisite for mineralization, and will serve as an important targeting tool going forward."

IsoEnergy's ( ISENF ) shares dropped 1.3% yesterday to $3.72.