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Highlights
• Southward continuity of anomalous radioactivity confirmed through new drilling
• Radiometric footprint now defined over approximately 1,000 m by 200 m
• Assay results pending as drilling advances to further step-out areas
Homeland Uranium Corp. (TSXV:HLU) has reported results from additional drilling completed as part of its Phase II program at the Coyote Basin Uranium Project in Colorado. Six reverse circulation drillholes were completed approximately 200 metres south of previously reported sections.
Downhole spectral gamma logging indicates the anomalous radiometric horizon identified earlier extends southward along an interpreted strike of around 200 metres. The geometry and lithological association of the anomaly are consistent with earlier drilling.
Sampling and Program Status
Samples from the completed holes have been dispatched for laboratory analysis, with geochemical assay results expected once review and verification are completed. Drilling equipment has since been relocated to test a further southern fence.
The company noted that spectral gamma data provide guidance on radiometric response, while laboratory assays are required to confirm uranium concentrations.
Geological Context
Coyote Basin is located in northwestern Colorado and hosts multiple stratigraphic horizons with anomalous radioactivity identified through historical and recent exploration. Phase II drilling aims to confirm lateral and down-dip continuity of these horizons.
Management Commentary
Roger Lemaitre, President and CEO of Homeland Uranium, 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.”
The closing price of HLU was CAD 0.35 as of December 19, 2025.
