Traction Uranium Announces Mobilization of Drill Rig to the Hearty Bay Uranium Property & Commencement of 2022 Winter Drilling Program
Rhea-AI Summary
Traction Uranium Corp. announces the commencement of its winter drilling program at the Hearty Bay Property in the Athabasca Basin. The program aims to explore the source of high-grade uranium boulder trains on Isle Brochet, supported by a CAD $1,000,000 budget. Over 1,400 meters of drilling will take place alongside a ground electromagnetic survey to identify potential drill targets. The program is backed by Fission 3.0's geological team, known for their previous discoveries in the area, including radioactive boulders with assay values up to 8.23% U3O8.
Positive
- Commencement of a CAD $1,000,000 winter drilling program.
- The first drill testing of the Hearty Bay Property.
- Potential to discover high-grade uranium sources with previous assays showing up to 8.23% U3O8.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TRCTF gained 2.38%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The work program’s aim is to discover the source of high-grade uranium boulder trains on Isle Brochet.
VANCOUVER, British Columbia, March 15, 2022 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (the “Company” or “Traction”) (CSE: TRAC) (OTC: TRCTF) (FSE: Z1K), is pleased to announce the mobilisation of the first Drill rig and the commencement of the winter drill program at the Hearty Bay Property in the Athabasca Basin region. The winter program also includes a ground geophysics program on the property as part of the winter program.
The 1,400 meter drilling program will mark the first drill testing of this property with the goal to discover the source of high-grade uranium boulder trains on Isle Brochet. As the Hearty Bay property surrounds the historic Isle Brochet radioactive boulder trains, the Company is also undertaking a ground Electromagnetic survey to provide additional information in determining the source of the boulder train. The program will be led by Fission 3.0 geologic team which includes one of Canada’s leading Uranium Exploration Teams, who previously worked on the property. The Fission 3.0 team conducted boulder prospecting on Isle Brochet in 2019 which led to the discovery of 45 radioactive boulders with assay values up to
Lester Esteban, Chief Executive Officer, stated “We are excited to get to work on the 12 high-priority drill targets defined from previous marine seismic work and high resolution airborne magnetic surveys. This CDN
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Raymond Ashley, P.Geo., Vice President, Exploration of Fission 3.0 Corp., a qualified person.
About Traction Uranium Corp.
Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is in the business of mineral exploration and the development of discovery prospects in Canada, including its two flagship uranium projects in the Athabasca Region.
We invite you to find out more about our exploration-stage activities across Canada’s Western region at www.tractionuranium.com.
On Behalf of the Board of Directors
Faizaan Lalani
Director
Contact
Phone: 604 425 2271
Email: info@tractionuranium.com
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release and does not accept responsibility for the adequacy or accuracy of this release.
FAQ
What is the purpose of Traction Uranium's winter drilling program?
How much is Traction Uranium investing in the winter drilling program?
Who is leading the drilling program for Traction Uranium?
What are the target depths for the drilling program?
What were the previous assay results from the Isle Brochet area?
