Phase II Drilling Completed At The Coyote Basin

VANCOUVER – Homeland Uranium Corp. reported the completion of its Phase II exploration drilling program. The Company completed 33 drillholes totaling 5,423 metres (17,792 feet) of Reverse Circulation drilling, exceeding the originally planned 5,300 metres (17,388 feet). Phase II drilling was designed to further evaluate the near-surface mineralized trend that contains an inferred historical uranium and vanadium resource of 35.4 million pounds of U₃O₈ and 17.7 million pounds of V₂O₅. Drilling intersected elevated and locally anomalous radioactivity in all completed Phase II drillholes.
Roger Lemaitre, President and CEO, said, “The completion of our Phase II drilling program represents an important step forward in advancing the Coyote Basin Project in northwestern Colorado. Drilling has consistently confirmed the presence of near-surface elevated radioactivity across a broad area. The continuity observed in both the central and southern portions of the Project provides confidence in the scale of the system and supports the geological interpretation developed to date. With drilling now complete, we look forward to receiving the geochemical results to further refine our understanding of the Project and guide future exploration.”