Homeland Files Notice of Intent with BLM to Conduct Drilling and Trenching on the Coyote Basin Uranium Project
Homeland Uranium (OTCQB: HLUCF) has filed a Notice of Intent (NOI) with regulatory authorities to initiate a significant exploration program at its Coyote Basin Uranium Project in Colorado. The company plans a 36-hole, 6,000-meter drilling program and three trenching operations as part of Phase II exploration.
The program aims to verify historical uranium mineralization from the 1970s, with previous outcrop samples showing concentrations up to 0.146% U3O8. Phase I mapping has confirmed radioactive stratigraphic horizons with readings up to 400 cps (eight times background levels). The company's goal is to bring historical uranium and vanadium resources into compliance with National Instrument 43-101 standards.
Homeland Uranium (OTCQB: HLUCF) ha presentato un Avviso di Intento (NOI) alle autorità regolatorie per avviare un importante programma di esplorazione presso il suo Progetto Uranio Coyote Basin in Colorado. L'azienda prevede un programma di perforazione di 36 fori per un totale di 6.000 metri e tre operazioni di scavo come parte della Fase II dell'esplorazione.
Il programma ha l'obiettivo di verificare la mineralizzazione storica di uranio degli anni '70, con campioni di affioramento precedenti che hanno mostrato concentrazioni fino a 0,146% U3O8. La mappatura della Fase I ha confermato orizzonti stratigrafici radioattivi con letture fino a 400 cps (otto volte i livelli di fondo). L'obiettivo dell'azienda è aggiornare le risorse storiche di uranio e vanadio in conformità agli standard del National Instrument 43-101.
Homeland Uranium (OTCQB: HLUCF) ha presentado un Aviso de Intención (NOI) ante las autoridades regulatorias para iniciar un programa de exploración significativo en su Proyecto de Uranio Coyote Basin en Colorado. La compañía planea un programa de perforación de 36 pozos y 6,000 metros, además de tres operaciones de trincheras como parte de la Fase II de exploración.
El programa busca verificar la mineralización histórica de uranio de la década de 1970, con muestras previas en afloramientos que mostraron concentraciones de hasta 0.146% U3O8. El mapeo de la Fase I ha confirmado horizontes estratigráficos radiactivos con lecturas de hasta 400 cps (ocho veces los niveles de fondo). El objetivo de la compañía es actualizar los recursos históricos de uranio y vanadio conforme a los estándares del National Instrument 43-101.
Homeland Uranium (OTCQB: HLUCF)는 콜로라도에 위치한 Coyote Basin 우라늄 프로젝트에서 대규모 탐사 프로그램을 시작하기 위해 규제 당국에 의향서(NOI)를 제출했습니다. 회사는 2단계 탐사의 일환으로 36공, 6,000미터 시추 프로그램과 3개의 트렌치 작업을 계획하고 있습니다.
이 프로그램은 1970년대의 우라늄 광물화 현황을 확인하는 것을 목표로 하며, 이전 노출 암석 샘플에서는 최대 0.146% U3O8 농도가 나타났습니다. 1단계 매핑에서는 배경치의 8배에 달하는 400 cps까지 방사능 층서 지평선을 확인했습니다. 회사의 목표는 역사적인 우라늄 및 바나듐 자원을 National Instrument 43-101 기준에 맞게 업데이트하는 것입니다.
Homeland Uranium (OTCQB : HLUCF) a déposé un Avis d’Intention (NOI) auprès des autorités réglementaires pour lancer un programme d’exploration important sur son projet d’uranium Coyote Basin au Colorado. La société prévoit un programme de forage de 36 trous totalisant 6 000 mètres ainsi que trois opérations de tranchées dans le cadre de la phase II de l’exploration.
Ce programme vise à vérifier la minéralisation historique en uranium des années 1970, avec des échantillons de affleurements précédents montrant des concentrations allant jusqu’à 0,146 % U3O8. La cartographie de la phase I a confirmé des horizons stratigraphiques radioactifs avec des relevés allant jusqu’à 400 cps (huit fois le niveau de fond). L’objectif de la société est de mettre à jour les ressources historiques en uranium et vanadium conformément aux normes du National Instrument 43-101.
Homeland Uranium (OTCQB: HLUCF) hat bei den Aufsichtsbehörden eine Absichtserklärung (NOI) eingereicht, um ein bedeutendes Explorationsprogramm für sein Coyote Basin Uranprojekt in Colorado zu starten. Das Unternehmen plant ein Bohrprogramm mit 36 Bohrlöchern und 6.000 Metern sowie drei Grabenarbeiten im Rahmen der Phase II der Exploration.
Das Programm zielt darauf ab, die historische Uranmineralisierung aus den 1970er Jahren zu bestätigen, wobei frühere Aufschlussproben Konzentrationen von bis zu 0,146% U3O8 zeigten. Die Kartierung in Phase I bestätigte radioaktive stratigraphische Horizonte mit Messwerten von bis zu 400 cps (achtfacher Hintergrund). Das Ziel des Unternehmens ist es, die historischen Uran- und Vanadiumressourcen gemäß den Standards des National Instrument 43-101 zu aktualisieren.
- Confirmation of historical radioactive horizons from Phase I exploration
- Comprehensive exploration plan with 36 drill holes and 6,000 meters of drilling
- Historical uranium concentrations of up to 0.146% U3O8 in outcrop samples
- Radioactive anomalies detected up to 8x background levels during Phase I
- Historical data accuracy cannot be validated by the Company or Qualified Person
- Drilling program still pending regulatory approval
- Scintillometer readings are not definitive measures of uranium concentration
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) (FSE: D3U) ("Homeland" or the "Company") is pleased to announce that it has filed a Notice of Intent ("NOI"), through its wholly owned subsidiary Shift Exploration Inc., with the US Bureau of Land Management ("BLM") and the Colorado Division of Reclamation, Mining and Safety ("DRMS") to commence a 36-hole, 6,000 m/19,685 ft rotary drill program at the Coyote Basin Uranium Project in Moffat and Rio Blanco Counties in northwestern Colorado. This program will be the Company's inaugural drill campaign on the Coyote Basin Property and forms the first part of the Phase II 2025 exploration campaign. The objective of the drill program is to confirm the presence of uranium mineralization discovered by previous operators during the 1970s and determine the location of higher-grade zones within the known mineralized horizons. Part One of the Phase II exploration program is focused on bringing the historical uranium and vanadium resources to compliance with National Instrument 43-101.
As part of the activities requested under the NOI, Homeland will also be planning to excavate three trenches to further verify the apparent width extent of the mineralized lenses. Each trench is located to expose the geology over parts of Horizons 1- 3 where Phase 1 mapping and prospecting discovered anomalous radioactivity in outcrop up to eight times background levels (400 cps) using a CT007-M microR Meter. The reader is cautioned that scintillometer readings are not a substitute for laboratory analysis and should not be considered as a measure of uranium concentration. The trench locations also coincide with historically identified anomalous uranium concentrations in outcrop ranging up to
Axiom Exploration Group, the Company's consultant on the Phase I Exploration Mapping Program, has been able to confirm the presence and physical location of the exposed radioactive stratigraphic horizons discovered in the 1970s. The horizons are variably anomalous, confirmed roughly parallel and verified continuous almost over the entire north-south length of the property. The horizons remain untested by drilling over the majority of their strike length.
"Homeland is pleased that the Phase I program is on track to confirm the presence and location of anomalous radioactivity along Western Mining's historical Horizons 1 through 4. Their outcropping exposures appear to be consistent with the locations indicated in the property dataset acquired last year," stated Roger Lemaitre, President & CEO of Homeland Uranium. "We are even more excited to have lodged our NOI with the regulators and eagerly anticipate receiving the approval of our upcoming confirmation drilling program scheduled for this fall."
About Homeland Uranium Corp.
Homeland is a mineral exploration company focused on becoming a premier US-focused and resource-bearing uranium explorer and developer. The Company is the
The Coyote Basin Project is reported by Energy Metals Corporation in its Management Discussion and Analysis dated November 14, 2006 filed with the US Securities and Exchange Commission to contain an estimated historical resource of 8,850,000 tons grading
The Company is not treating this historical resource as current mineral resources and the reader is cautioned not to rely on it. The reader is cautioned that a qualified person (as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")) has not done sufficient work to classify the historical resource as current mineral resources or mineral reserves nor can the Company or the QP comment on the quality or verify the data obtained from the assay sampling program used to determine the historical resource estimate, as this information was not included in the historical reports acquired by Homeland. The Company is not treating the historical resource as current mineral resources or mineral reserves and the Company and the Qualified Person is unable to compare the historical resources to the CIM's current resource classification system. The Coyote Basin Project and any future NI 43-101 mineral resource estimate will require considerable further evaluation.
Qualified Person
Nancy Normore., P.Geo., the Company's Vice President, Exploration, is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical content of this news release.
For further information, please contact:
Roger Lemaitre
President & Chief Executive Officer
Homeland Uranium Corp.
Tel: 306-713-1401
Email: info@homeland-uranium.com
Investor Relations
Kin Communications Inc.
Tel: 604-684-6730
Email: HLU@kincommunications.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the Company's expectations and strategic plans in relation to the exploration of the Company's uranium mineral properties, including accomplishing the objectives of the Phase I and Phase II exploration program at the Coyote uranium project in Colorado.
These forward-looking statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; future demand for energy; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company's operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company's ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market and industry conditions; and those factors identified under the captions "Risks Factors" and "Risks and Uncertainties" in the Company's disclosure materials filed on SEDAR+ at www.sedarplus.ca.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258232
FAQ
What is Homeland Uranium's (HLUCF) planned drilling program at Coyote Basin?
What were the historical uranium concentrations found at HLUCF's Coyote Basin project?
What is the purpose of Homeland Uranium's Phase II exploration program?
What results did Homeland Uranium find in their Phase I exploration at Coyote Basin?
When will Homeland Uranium begin drilling at the Coyote Basin project?
