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Enter Symbol
or Name

IsoEnergy Ltd
Symbol C : ISO
Shares Issued 46,060,548
Close 2018-03-02 C$ 0.43
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IsoEnergy drills elevated radioactivity at Geiger

2018-03-05 08:42 ET - News Release

Mr. Craig Parry reports


IsoEnergy Ltd. has intersected a zone of elevated radioactivity during a continuing core drilling program at its 100-per-cent-owned Geiger property in the eastern Athabasca basin region of Saskatchewan.

A zone of elevated radioactivity has been intersected in drill hole GG18-08. The zone was intersected within basement pelitic gneiss, approximately 15 metres beneath the base of the Athabasca sandstone. Radioactivity measured with a 2PGA-1000 total gamma down-hole probe averages 4,500 counts per second (CPS) over 2.1 metres. The maximum probe value within the interval is just over 14,000 CPS. Analysis of the drill core with a hand-held spectrometer indicates the radioactivity is due to uranium, but geochemical analysis is needed for final confirmation. The drill core has been sampled and geochemical results are pending.

Drill hole GG18-08 is a 50-metre stepout (along strike to the northeast) from historic mineralized drill hole HL-76. HL-76 intersected 0.65 per cent triuranium octoxide over 0.1 metre in basement gneiss approximately 43 metres beneath the base of the Athabasca sandstone. GG18-08 is the farthest hole to the northeast along the northeast-trending HL11S conductor. Therefore, the mineralized zone is wide open to the northeast and at depth. According to historical geophysical surveys, the HL11S conductor might extend up to 2.5 kilometres to the northeast beyond GG18-08. Drill hole GG18-08 is the seventh of an eight-hole program, which should be completed by March 9.

Qualified person statement

The scientific and technical information 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. 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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