Part Two – Phase Two Exploration Drilling Program At Coyote Basin Project

VANCOUVER – Homeland Uranium Corp. provided a second update on Part 2 of the Phase II exploration drilling program at the Coyote Basin Uranium Project. A further six Reverse Circulation (RC) drillholes, CB-RC-0029 to CB-RC-0034, have been completed as part of the ongoing Phase II exploration program totaling approximately 5,300 metres (17,500 feet). These drillholes were completed at 200 m (656 ft) spacings on a single east-west oriented drill fence located approximately 200 metres (656 ft) south of the previously reported drill section that included holes CB-RC-0023 to CB-RC-0028.
Downhole Spectral Gamma Ray CPS (Counts Per Second) readings from the first six drillholes reported previously confirmed the presence of a near-surface anomalous radiometric horizon occurring at depths ranging from approximately 50 to 100 metres (164 – 328 feet) below surface. This horizon was interpreted to dip gently eastward at approximately 4 degrees and to be associated with shales, claystones and fine-grained sandstone units within the Upper Member of the Fort Union Formation.
Results from the next six drillholes (CB-RC-0029 to CB-RC-0034) demonstrate the southward continuity of this anomalously radioactive horizon over an interpreted strike length of approximately 200 metres (656 ft). Anomalous radioactivity has now been drill defined over an area approximately 1,000 m (3,280 ft) by 200 m (656 ft) and remains open for expansion in every direction. The dip, geometry, and lithological association of the radiometric response observed on this southern drill fence are consistent with those identified on the northern section. As with the previously reported drilling, anomalous radioactivity in these holes is found to be widely dispersed within the same or similar stratigraphic package.
Roger Lemaitre, President and CEO, said, ”This new fence of drillholes further advances our understanding of Coyote Basin and is a key step in confirming the historical operator’s interpretation of a laterally extensive mineralized horizon that dips gently to the east. These results reinforce our confidence in the Project’s exploration model and provide an important foundation as we await geochemical assay data and prepare to resume drilling in the new year.”