Mr. Steve Blower reports
ISOENERGY STAKES NEW URANIUM EXPLORATION PROPERTY IN THE ATHABASCA BASIN
IsoEnergy Ltd. has acquired through staking a new 100-per-cent-owned property called Whitewater, in the Athabasca basin region of Saskatchewan.
Garrett Ainsworth, a director of IsoEnergy, commented: "I'm very excited about this addition to the IsoEnergy property portfolio. The Whitewater property area shares some geological features with the southwest Athabasca basin region around the Rook 1 property, held by NexGen Energy Ltd. Supracrustal rocks of the Tantato domain at Whitewater have been described by several researchers as correlative with those of the Taltson domain that host NexGen's Arrow deposit at Rook 1. Add to that, the presence of the uranium-fertile Grease River shear zone and numerous uranium occurrences, and you have all the ingredients of a highly prospective uranium exploration property."
Steve Blower, vice-president of exploration at IsoEnergy, commented: "The addition of the Whitewater property is a great example of the benefit of the company's affiliation with NexGen, as we're able to leverage Garrett Ainsworth's experience discovering uranium mineralization in prospective, off-basin settings adjacent to the Athabasca basin margin."
The Whitewater property was staked on Jan. 16
and consists of 15 contiguous claims totalling 25,966 hectares located along the northern rim of the Athabasca basin. An image on the company's website shows the location of the property relative to IsoEnergy's other Saskatchewan uranium exploration properties. The entire property is located just off basin, therefore there is no sandstone cover. At its closest point, the Whitewater property boundary is within five kilometres of the edge of the Athabasca basin.
The property covers over 26 kilometres of the Grease River shear zone which separates the Beaverlodge, Train and Dodge domains to the northwest from the Tantato domain to the southeast. This prominent, long-lived, crustal-scale structure is known to host Athabasca-basin-related uranium mineralization at the nearby Fond du Lac deposit 26 kilometres along strike to the southwest. Uranium mineralization is also present on the property. The Saskatchewan government's Mineral Deposits Index lists a total of 25 uranium occurrences located within the Whitewater property boundary. Another image on the company's website shows the prominent geological features and uranium occurrences in the general area of the property.
Initial work will involve a short period of data compilation, which will likely be followed by airborne geophysical surveying to prioritize target areas for more detailed exploration.
Qualified person statement
The scientific and technical information contained in this news release was prepared by Mr. Blower, 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. 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 estimate 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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