VANCOUVER, Nov. 28, 2017 /CNW/ - IsoEnergy Ltd.
("IsoEnergy" or the "Company") (TSXV: ISO; OTCQX: ISENF) is pleased to announce that it has staked three new
properties: Fox, East Rim and Full Moon in the Eastern Athabasca Basin of
Saskatchewan. Each of these properties is 100% held by the Company. Figure 1 shows the location of the new properties
relative to IsoEnergy's other Saskatchewan properties and each of them is described in more
detail below. The Company has also staked additional claims that have been added to its high priority Geiger project purchased
from AREVA Resources Canada (AREVA), Cameco Corp. (Cameco) and JCU (Canada) Exploration Ltd.
(JCU) in August of this year.
Fox
The Fox property was staked on October 26 th and consists of two contiguous claims
totaling 1,374 hectares located 15 kilometres north of Cameco's Key Lake uranium mill (Figure 2). Fox is surrounded by over
425M lbs of uranium (U3O8) at an average grade of 5.2% U3O8 in mined-out and
undeveloped deposits at Key Lake, (Cameco and AREVA), Millennium (Cameco and JCU) and Wheeler River's Phoenix and Gryphon deposits (Denison Mines Corp., Cameco and JCU) all of which are within 25 kilometres of
the Fox property. Importantly, both Millennium and Gryphon are primarily basement hosted deposits. Infrastructure in
the area is excellent, with the southern edge of the claims being within one kilometer of Fox Lake road which provides year-round
exploration access.
According to Saskatchewan government records, no exploration drill holes have ever been
completed within the boundary of the Fox property, despite the presence of a 4.5-kilometre-long zone of low magnetic
susceptibility that spans the property in a north-south direction and may indicate the presence of prospective metasedimentary
basement rocks. Mineralization at Cameco's Millennium deposit follows a similarly oriented trend. Depth to the
sub-Athabasca unconformity, based on drill holes on nearby properties, is estimated to be
between 205 and 400 metres. Exploration plans are being developed and will likely include initial geophysical surveying
over the magnetic low trend followed by core drilling of high priority targets.
East Rim
The East Rim property was staked on November 2, 2017 and consists of seven contiguous claims
totaling 6,703 hectares. This new property is located along the east margin of the Athabasca Basin, nine kilometres southwest of UEX Corp.'s West Bear high grade uranium deposit and nine
kilometres west of Saskatchewan highway 905 (Figure 3).
The property encompasses over 15 kilometres of a northeast trending magnetic low feature that may represent prospective
metasedimentary stratigraphy. A large offset in the basin margin is observed in Saskatchewan
government data and appears spatially related to the magnetic low feature, suggesting the presence of a major structural zone.
According to Saskatchewan government records, only four exploration drill holes have ever been
completed within the East Rim property boundary, none of which are located in the prospective magnetic low feature.
Full Moon
Consisting of 4,872 hectares in 12 contiguous claims, the Full Moon property was staked on November
7, 2017. Full Moon is located within four kilometres of AREVA's Moonlight uranium occurrence and six kilometres east
of IsoEnergy's Geiger property (Figure 4). As with all of IsoEnergy's exploration properties in Saskatchewan, Full Moon is proximal to existing infrastructure, as it's within 18 kilometres of the McClean
Lake uranium mill.
Several prominent magnetic low trends with historic conductors are present on the Full Moon property, including a portion of
the Tuning Fork conductor system that extends on to the property from Denison Mining Corp.'s Hatchet
Lake project. Previous drilling at Tuning Fork has intersected intense basement clay alteration with weak uranium
mineralization and strong uranium pathfinder mineralization. Similar to the Fox and East Rim properties, the Full Moon
property is underexplored with only 17 historic drill holes within the property boundary.
Additional Geiger Claims
Finally, a total of 1,605 hectares was staked over eight claims on November 7 th and
21st near the Geiger property (Figure 5). As the new claims are all within 5 kilometres of Geiger, they will be
treated as an extension of Geiger henceforth.
The new claims cover several magnetic low trends with local electromagnetic conductors. According to Saskatchewan government records, only five holes have ever been drilled on the new claims. All of these
holes were vertical and were drilled in a tight cluster near drill hole Q24-1 which intersected 0.11% U3O8,
0.21% Ni and 0.17% Mo over 0.3 metres in basement rocks, just beneath the sub-Athabasca
unconformity. Three follow-up holes were drilled within 200 metres of Q24-1 on section, and one was drilled 200 metres
along strike to the south. The potential for additional basement mineralization in the area is considered to be
excellent.
Craig Parry, Chief Executive Officer commented: "These new claims are important additions to
our Eastern Athabasca uranium property portfolio. The addition of these claims is consistent
with our strategy of increasing our land position and target list at low cost in the world's premier uranium district. The new
properties all satisfy our acquisition criteria with their location in the heart of the eastern Athabasca basin near several high-grade uranium deposits or occurrences, the presence of prospective
geophysical signatures, a paucity of drilling, thin sandstone cover and location near important infrastructure. Our team is
eagerly looking forward to exploring this new ground."
Qualified Person Statement
The scientific and technical information 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. 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 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 estimate 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.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall
there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities referenced herein have not been, nor will they be, registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), and such securities may not be offered or sold within the
United States absent registration under the U.S. Securities Act or an applicable exemption from the registration
requirements thereunder.
Forward-Looking Information
The information contained herein contains "forward-looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "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 and completion of the acquisition of the Property. 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, 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 and that the acquisition of the Property will be completed on the terms currently agreed to. 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, 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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