Business
IsoEnergy to Acquire Dawn Lake North Block to Expand Geiger Property in the Athabasca Basin
IsoEnergy to Acquire Dawn Lake North Block to Expand Geiger Property in the Athabasca Basi...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n\n\n\nIsoEnergy to Acquire Dawn Lake North Block to Expand Geiger Property in the Athabasca Basin\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, March 26, 2018\n\n\n\nVANCOUVER, March 26, 2018 /CNW/ - IsoEnergy Ltd. (\"IsoEnergy\" or the \"Company\") (TSXV: ISO; OTCQX: ISENF) is pleased to announce that it has entered into an agreement with Cameco Corp., Orano Canada Inc. and JCU (Canada) Exploration Company Ltd. to acquire a 100% interest in 33 mineral claims from their Dawn Lake property constituting the 6,800 hectare Dawn Lake North Block (the \"Property\") in the Eastern Athabasca Basin of Saskatchewan.\n\nCraig Parry, Chief Executive Officer commented: \"I'm very pleased with the addition of the Dawn Lake North claims to our Geiger property as it furthers our objective of acquiring highly prospective assets in the Eastern Athabasca Basin near uranium mining and milling infrastructure.  IsoEnergy is uniquely positioned to apply the basement-hosted uranium experience of its Officers and Directors gained from recent discoveries such as the Arrow and Gryphon deposits to properties on which there has been limited testing of basement potential.  We continue to believe in the strong fundamentals of the uranium sector and will continue to execute on our strategy of acquiring undervalued assets during this time of unsustainably low uranium prices and ahead of the inevitable return to normalized pricing levels.\"\n\nSteve Blower, Vice President of Exploration commented: \"The acquisition of Dawn Lake North further strengthens our exploration property portfolio due to the presence of uranium and uranium pathfinder mineralization along with many kilometres of underexplored graphitic metasediments with basement-hosted drill targets beneath thin sandstone cover.  Strategically, its location linking the current Geiger claims ensures exploration efficiency on the entire block.\"\n\nThe Property\n\nDawn Lake North is contiguous with IsoEnergy's recently acquired Geiger property and is located 10 kilometres northwest of IsoEnergy's Radi...