IsoEnergy Ltd explores, develops and acquires uranium properties in Canada.
Its stocks trade on TSXV under the symbol of ‘ISO’.
The Canada-focused exploration entity owns 24 prospective assets, which are strategically located in over 241,000 hectares in the eastern Athabasca Basin.
Its primary properties include Larocque East, Thorburn Lake, Geiger, and Radio.
The Larocque East property is a wholly owned 15878-hectare land comprising 31 mineral claims. The property has no underlying royalties and royalties.
It lies in proximity with the Canadian mining firm’s another project, Geiger property. The property lies 35 km to northwest of McLean Lake Uranium Mine and mill, owned by Orano Canada.
The property consists of uranium mineralization structures at the Hurricane zone. In addition, there are various occurrences on the properties owed by Cameco Corp.
The firm says that Hurricane zone has been subjected to various drilling programs and the zone is open for expansion along the strike length.
On September 3, 2020, the company announced significant uranium mineralization intersections in the initial summer drill holes at this zone. The summer drilling program on the Hurricane Zone initiated on August 25, 2020.
The company has been expanding the Hurricane Zone operations to the south with two mineralized holes since September 17, 2020. Another significant project held by IsoEnergy is the Thorburn Lake project, a wholly owned property located 7km east of Cameco’s Cigar Lake mine.
IsoEnergy also plans to drill many geophysical targets at the Thorburn Lake.
The exploration company also holds a complete interest in the Radio project, which is located two kilometer east of Rio Tinto’s Rougheider uranium deposit.
IsoEnergy conducted an exploration drilling in between 2016 and 2017 at the project. Under these programs, the mining firm claims that discovery of strong clay alteration with locally elevated uranium geochemistry in the basement rocks of the property were identified.
The exploration company became public with listing on TSX Venture Exchange in October 2016.