16:14:06 EDT Thu 25 May 2017
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or Name
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IsoEnergy Ltd
Symbol C : ISO
Shares Issued 41,060,549
Close 2017-04-10 C$ 1.01
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IsoEnergy drills 0.2 m of 143 ppm U at Radio

2017-04-11 06:48 ET - News Release

Mr. Craig Parry reports

ISOENERGY INTERSECTS ELEVATED URANIUM GEOCHEMISTRY AT RADIO

IsoEnergy Ltd. has provided an update on exploration drilling results at the Radio uranium project in the eastern Athabasca basin of Saskatchewan. Results include the intersection of elevated uranium geochemistry in drill hole RD17-27, and elevated nickel, a common uranium pathfinder element, in several other drill holes.

IsoEnergy has completed a two-stage drilling program at Radio, where land-accessible targets were drilled during the period September to October, 2016, while drilling of targets accessible upon ice formation was completed in the first quarter of 2017. IsoEnergy has an exclusive right to earn a 70-per-cent interest in the Radio property, which is located two kilometres east of the Roughrider uranium deposit.

Radio property drilling

A total of 3,913 metres of drilling were completed in 10 drill holes on the Radio property during January and February, 2017. The focus of the program was to evaluate extensions of the moderate to strong basement clay alteration zone discovered in October, 2016, for high-grade basement-hosted uranium mineralization. Depth to the sub-Athabasca unconformity at Radio ranges from 170 to 190 metres.

Eight of the 10 drill holes targeted the basement clay alteration zone. Some of the drilling infilled gaps on sections tested in 2016, but most consisted of 200-metre stepouts along strike or 50-to-100-metre stepouts updip and downdip. Drill hole RD17-27, a 50-metre stepout updip of 2016 drill hole RD16-21A, is the first drill hole at Radio to encounter elevated uranium geochemistry. It intersected 143 parts per million uranium over 0.2 metre (240.5 to 240.7 metres) in a clay-altered graphitic fault within the broader zone of basement clay alteration. An image on the company's website is a cross-section through RD17-27 and another image is a core photo showing the location of the interval within moderate to strong clay alteration and secondary hematite. Another image shows that the intersection occurs 60 metres beneath the sub-Athabasca unconformity and is open in the updip direction.

With the receipt of the 2017 geochemistry results, an association between moderate to strong clay alteration and the uranium pathfinder element nickel is evident. For example, a 96-metre interval of moderate to strong basement clay alteration in drill hole RD17-25 averages 123 ppm nickel.

Qualified person statement

All scientific and technical disclosure contained in this news release was prepared by Steve Blower, PGeo, IsoEnergy's vice-president, exploration, who is a qualified person (as defined in National Instrument 43-101 -- standards of disclosure for mineral projects). Mr. Blower has verified the data disclosed including the sampling, analytical and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. For additional information regarding the company's Radio project, including its quality assurance and quality control procedures, please see the technical report dated effective Aug. 19, 2016, on the company's profile at SEDAR.

This news release refers to properties other than those in which the company has an interest. Mineralization on those other properties is not necessarily indicative of mineralization on the company's properties.

About IsoEnergy Ltd.

IsoEnergy is a well-financed uranium exploration and development company with a portfolio of prospective projects in the eastern Athabasca basin in Saskatchewan, Canada, and a historic inferred mineral resource at the Mountain Lake uranium deposit in Nunavut. IsoEnergy is led by a board and management team with a record of success in uranium exploration, development and operations. The company was founded and is supported by the team at its major shareholder NexGen Energy Ltd.

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