09:15 AM EST, 01/14/2025 (MT Newswires) -- IsoEnergy ( ISENF ) on Tuesday announced commencement of its 2025 winter exploration program in the eastern Athabasca Basin, Canada, "designed to build on the company's successful 2024 season".
According to a statement, a total of 8,800 metres of drilling are planned on the Larocque East project, which contains the high-grade Hurricane deposit, with mobilization to the project underway. It said the focus of the program is twofold, with drilling to test resource expansion potential near the Hurricane deposit and the evaluation of greenfield targets along the Larocque Trend east of Hurricane. It added geophysical surveys are also planned on the Hawk, Evergreen and East Rim projects to advance these early-stage projects to the drill ready stage. A total budget of $5.3 million has been approved for the winter exploration programs in the Athabasca Basin.
Dan Brisbin, Vice President of Exploration, in the statement said, "We are eager to launch our winter exploration program, which includes testing deposit expansion targets around the margins of the Hurricane deposit and exploring for new deposits along the highly prospective Larocque Trend. Targets on this corridor were identified through a comprehensive integration of drill hole geology, geochemistry, alteration mineralogy, and geophysical data, including electromagnetic, DC resistivity, and ANT surveys. The approach builds on the understanding that Athabasca uranium deposits often consist of multiple zones distributed along trends several kilometres in length, suggesting the potential for additional discoveries beyond the Hurricane deposit. Drilling in the easternmost target areas of the Larocque East project will also enhance our understanding of favourable structural trends extending onto the Turnor Lake project to the east, where our joint venture partner, Purepoint Uranium, is advancing plans for future drilling."
ISO was down $0.03 or 1.1% at $2.75 yesterday.