Traction Uranium Corp. reports on uranium mineral exploration and discovery-stage project development in Canada, with recurring updates tied to Saskatchewan’s Athabasca Basin region. Company news centers on the Aurora Uranium Project, where Traction holds an option to earn an interest from Cosa Resources, as well as exploration activity at Hearty Bay and option-related activity at Grease River.
Recurring developments include airborne radiometric surveys, gravity surveys, sonic and diamond drilling, till sampling, uranium target generation, technical reporting under Canadian mineral disclosure standards, property option obligations, share issuances connected to exploration agreements, and governance changes at the issuer level.
Traction Uranium Corp. has announced its membership in the Saskatchewan Mining Association (SMA), enhancing its integration within Saskatchewan's mining sector. The SMA represents over 25 mining operations, advocating for industry interests and promoting educational outreach. CEO Lester Esteban highlighted the benefits of collaboration with peers to address regulatory changes and develop Saskatchewan as a global hub for critical minerals. Traction Uranium focuses on uranium exploration in Canada, particularly in the Athabasca Region.
Traction Uranium Corp has reported promising drilling results from its Lazy Edward Bay project in the Athabasca Basin, indicating potential uranium mineralization. The company has encountered elevated radiation levels, with drill hole LEB22-007 reaching up to 1177 counts per second. CEO Lester Esteban expressed optimism, stating the drill program is exceeding expectations, aiming to exceed 3000m of drilling instead of the initial 2000m target. The results are significant for identifying high-grade uranium deposits, with ongoing drilling expected to define more targets.
Traction Uranium Corp. has appointed Dr. Yuanming Pan from the University of Saskatchewan to its Technical Advisory Committee, effective June 1, 2022. Dr. Pan, an expert in mineralogy and geochemistry with over 30 years in academia, will enhance the company's uranium exploration efforts using his innovative techniques involving radiation-induced defects in quartz. CEO Lester Esteban expressed excitement about Dr. Pan's involvement, emphasizing his contributions to significant uranium projects like the Maw Zone and the Phoenix Deposit. This strategic move aims to bolster Traction's development prospects in Canada’s Athabasca Region.
Traction Uranium has updated the market on its ongoing drilling at the Lazy Edward Bay project in the SE Athabasca Basin. The latest drill hole, LEB22-004, discovered anomalous radioactivity at 164.6 meters with maximum readings of 430 cps. This echoes findings from a historic drill conducted by Uranerz in 1989. A follow-up drill, LEB-005, aims to explore further the potential around the reverse fault intersection. The Lazy Edward Bay property is strategically located between key uranium sites, bolstering its exploration potential.
Traction Uranium Corp. has announced key management changes, effective June 1st, 2022. Mr. Blair Way is appointed Chairman of the Board of Directors, bringing over 35 years of experience in international and mineral resource industries. He replaces Reena Sall, who has been thanked for her contributions. Tasheel Jeerh has been named Chief Financial Officer, contributing over 10 years of expertise, particularly in energy and mining sectors. Jeerh previously played a vital role in a private upstream oil and gas firm's growth, overseeing over $2 billion in M&A activity.
Traction Uranium Corp. announced the start of its summer drilling program at the Lazy Edward Bay property in the Athabasca Basin, targeting uranium mineralization. The program, backed by a $1.5M investment, aims to drill 8 diamond holes totaling 2,000m in a region known for favorable historical results. Fission 3.0 Corp. is conducting the operations under an Option Agreement enabling Traction to acquire a 70% stake in the project. Initial drill holes have shown positive indicators, including significant clay alteration and elevated uranium and boron levels in basement rocks.
Traction Uranium Corp. has commenced mobilization for its Lazy Edward Bay summer drilling program, consisting of 8 diamond drill holes totaling 2,000m near the southern edge of the Athabasca Basin. Historic drilling in the area showed elevated levels of uranium, with significant readings of up to 550 ppm boron and 170 ppm uranium. This program represents a $1.5M investment aimed at exploring promising geology typical of major uranium deposits in the region, facilitating potential acquisition of a 70% stake in the property from Fission 3.0 Corp..
Traction Uranium Corp. has announced a summer drilling program at its Lazy Edward Bay property, commencing May 13, with an allocated budget of $1.5M. The program will involve 8 diamond drill holes totaling 2,000m to explore uranium at relatively shallow depths near the southern edge of the Athabasca Basin. The work will be conducted by Fission 3.0 Corp. under an Option Agreement that allows Traction to acquire up to 70% interest in the property. Strategic logistical planning has been executed to optimize costs for the drilling operation.
Traction Uranium Corp. announced plans for its maiden drill program at Lazy Edward Bay, engaging Bryson drilling from Saskatchewan. The drill crew will include local First Nations members, emphasizing community involvement. Historical drilling results show 170 ppm and 908 ppm uranium in previous holes, indicating high-priority targets. The Lazy Edward Bay project is part of a larger exploration effort in the Athabasca Region, renowned for significant uranium deposits. The company aims to leverage Bryson’s extensive experience for effective exploration.
Traction Uranium Corp. announces promising results from its diamond drilling program at Hearty Bay in Saskatchewan's Athabasca Region.
Key highlights include:
- 14 drill holes completed totaling 1,304 meters.
- Significant intersected zones: 3m and 11.5m of hydrothermal clay-altered rock.
- New basement conductors identified, suggesting potential for further uranium mineralization.
CEO Lester Esteban noted these results provide further drilling targets, emphasizing the importance of hydrothermal clay alteration in identifying uranium sources.