Near-Surface Anomalous Radioactivity Extension Continues At Coyote Basin

VANCOUVER – Homeland Uranium Corp. reported on the Phase II exploration drilling program at the Coyote Basin Uranium Project. An additional eight Reverse Circulation (RC) drillholes, CB-RC-0035 to CB-RC-0042, have been completed as part of the ongoing Phase II drill program. Based on drilling completed to date, elevated radioactivity has now been confirmed over an area measuring approximately 1,000 m (3,280 ft) by 600 m (1,968 ft) and remains open for expansion. Approximately 3,400 m (11,155 ft) of the planned 5,300 m (17,388 ft) of the Phase II drilling program have been completed to date, representing roughly 64% of the total planned drilling.
Drillholes CB-RC-0035 to CB-RC-0040 were completed on a single east-west oriented drill fence located approximately 200 m (656 ft) south of the previously reported drilling, continuing the systematic step-out approach designed to evaluate the lateral extent of anomalous radioactivity across the Project area.
Downhole Spectral Gamma Ray Counts Per Second readings from these most recent drillholes continue to demonstrate the presence of elevated radioactivity occurring at relatively shallow depths, typically between approximately 50 and 100 m (164-328 ft) below surface. The radiometric response and rock-types observed on this drill fence are consistent with earlier drilling, as anomalous radioactivity continues to be associated with shales, claystones, and fine-grained sandstones of the Upper Member of the Fort Union Formation.
Drillholes CB-RC-0041 and CB-RC-0042, which comprise part of the planned southernmost east-west drill fence, also continue to exhibit elevated radioactivity at shallow depths in the south-western portion of the current drill area. This suggests that the anomalous horizon persists toward the southern extent of the currently tested area and supports the interpretation of a laterally extensive anomalous horizon.
Roger Lemaitre, President and CEO, said, “The completion of this third fence of drilling further demonstrates the scale and continuity of near-surface anomalous radioactivity at Coyote Basin providing additional confidence in the geological interpretation of the presence of a laterally extensive horizon that remains open for further evaluation. As have we restarted the drilling program after the holidays, our focus remains on systematically expanding the footprint of this system while advancing geochemical analysis to better characterize the uranium mineralization.”