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Traction Uranium and F3 Uranium Discover New Uranium Dispersal Patterns and Radioactive Boulders at Hearty Bay
CALGARY, Alberta, July 18, 2023 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to annou
About this update from Traction Uranium Corp
[{"type":"text","content":" CALGARY, Alberta, July 18, 2023 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that the Hearty Bay fall 2022 and winter 2023 till sampling and prospecting programs resulted in the discovery of two linear dispersal patterns of uranium in subglacial till on Isle Brochet, and six new radioactive boulders which assayed up to 4.23% U3O8 (Table 1; Figure 1). The program aimed to determine the source area for previously identified Isle Brochet uraniferous boulders (with assay values up 8.23% U3O8) that are interpreted to have been glacially entrained from the Athabasca Basin boundary and transported onto the island. Table 1. Hearty Bay boulder sample results. 2022 and 2023 exploration activities The presence of mineralized basal conglomerate boulders within the Isle Brochet boulder trains strongly suggests the source of the boulders is at the edge of the Athabasca Basin or associated with a sandstone outlier beyond the basin edge. The winter 2022 diamond drill program at Hearty Bay tested marine seismic targets interpreted as sandstone outliers or sandstone filled structures beyond the current basin margin. Drill-testing indicated that the seismic targets did not represent sandstone outliers, and no significant geochemical anomalies were identified (Table 2). Efforts were, therefore, refocused towards developing drill targets for winter 2024 at the edge of the Athabasca Basin. This commenced with the engagement of Palmer, who developed and executed the base-of-till (BoT) program that revealed the two linear dispersal patterns of uranium in subglacial till, confirming the presence of uranium mineralization near Isle Brochet and providing new target areas for drill testing. Figure 1. Uranium in till and uraniferous boulders found in fall 2022 and winter 2023 on Isle Brochet within the Hearty Bay project area. In the fall of 2022 F3 retained Palmer’s Dave Sacco, Principal of Surficial Geology and Exploration, to complete a reconnaissance field visit to Isle Brochet. The purpose of the field visit was to characterize the surficial environment where high grade uranium boulders have historically been discovered and identify suitable exploration strategies that would provide a more robust data set to supplement ongoing exploration efforts and...