VANCOUVER, April 11, 2017 /CNW/ - IsoEnergy Ltd.
("IsoEnergy" or the "Company") (TSXV:ISO) is pleased to report 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, whilst drilling of targets accessible upon ice formation was completed
in Q1 2017. IsoEnergy has an exclusive right to earn a 70% interest in the Radio property, which is located 2 kilometres
east of the Roughrider uranium deposit.
Radio Property Drilling
A total of 3,913 metres of drilling was 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 step-outs along-strike or 50-100 metre step-outs up-dip and down-dip. Drill
hole RD17-27, a 50 metre step-out up-dip of 2016 drill hole RD16-21A, is the first drill hole at Radio to encounter elevated
uranium geochemistry. It intersected 143 ppm uranium over 0.2 metres (240.5-240.7 metres) in a clay altered graphitic fault
within the broader zone of basement clay alteration. Figure 2 is a cross-section through RD17-27 and Figure 3 is a core
photo showing the location of the interval within moderate to strong clay alteration and secondary hematite. Figure 2 shows
that the intersection occurs 60 metres beneath the sub-Athabasca unconformity and is open in the
up-dip 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, P.Geo., 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 August
19, 2016 on the Company's profile at www.sedar.com.
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
IsoEnergy Ltd. is a well-funded 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 track 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.
The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities,
events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation,
planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by
the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative
connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the results
of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned exploration
activities, that general business and economic conditions will not change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental
and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in
a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking
statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be
accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which
may cause actual events or results in future periods to differ materially from any projections of future events or results
expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and
dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, potential
forfeiture of the Radio Option Agreement, the limited operating history of the Company, the influence of a large shareholder,
alternative sources of energy and uranium prices, aboriginal title and consultation issues, reliance on key management and
other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based
upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as
anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration
industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other
approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in the forward-looking information or implied by forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events
except as required by applicable securities laws.
SOURCE IsoEnergy Ltd.
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