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IsoEnergy Acquires Mountain Lake Uranium Deposit
IsoEnergy Acquires Mountain Lake Uranium Deposit Canada NewsWire VANCOUVER, Feb....
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n\n\n\nIsoEnergy Acquires Mountain Lake Uranium Deposit\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 2, 2017\n\n\n\nVANCOUVER, Feb. 2, 2017 /CNW/ - IsoEnergy Ltd. (\"IsoEnergy\" or the \"Company\") (TSXV:ISO) is pleased to report that it has acquired the Mountain Lake uranium deposit in the Hornby Bay Basin, Nunavut.  The property consists of five claims totaling 5,625 hectares and was acquired by staking.  Mountain Lake is located 100 kilometres southwest of the coastal community of Kugluktuk.  \n\n\n \n \n\n \nMountain Lake Uranium Deposit\n\nDiscovered in 1976, the property area was the subject of intense exploration during the 1970s and 1980's, when Acquitaine Company of Canada and Esso Resources Canada completed 190 drill holes totaling approximately 22,000 m on the project area.  Pitchstone Exploration Ltd. (Pitchstone) and Triex Minerals Corp. (Triex) carried out additional exploration during the period 2005-2008, including the completion of 30 drill holes in the area, 15 of which were located within or immediately adjacent to the Mountain Lake deposit itself.  Figure 1 shows the location of the deposit relative to the newly staked claims.\n\nUranium mineralization at Mountain Lake is hosted within sandstone of the mid-Proterozoic Dismal Lakes Group within the Hornby Bay Basin.  The deposit is a shallow-dipping (5-10 degrees) tabular zone of strata-bound mineralization that extends from the top of the bedrock (10-30 metres below surface) down to approximately 180 metres below surface at its deepest point.  Overall the mineralization covers an area measuring 1,300 metres long and up to 320 metres wide.  The thickness ranges from 1.0 to 6.5 metres.  High grade mineralization is locally present, with drill intersections returning up to 5.19% U3O8 over 0.9 metres.\n\nIsoEnergy intends to complete a detailed review of all historical data from the property and develop an exploration plan to discover new uranium deposits or extensions of existing mineralization.\n\nCraig Parry, President ...