Traction Uranium engages Bryson Drilling for upcoming Lazy Edward Bay Drill Program

Rhea-AI Summary

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.

Positive

• Engagement of local First Nations for drill crews enhances community relations.
• Historical drill results indicate high uranium grades, showing potential for significant discoveries.
• Partnership with Bryson drilling, a trusted name with over 100 years of combined experience, increases operational credibility.

Negative

• None.

Historic drilling intersected sandstone and basement rocks with strongly altered, bleached, brecciated and sheared basement rocks which are some of the key indicators for nearby high-grade uranium

VANCOUVER, British Columbia, May 03, 2022 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (the “Company” or “Traction”) (CSE: TRAC) (OTC: TRT) (FRA: Z1K), a mineral exploration issuer focusing on the development of discovery prospects in Canada, including its two flagship uranium projects in the world-renowned Athabasca Region, is pleased to report planning is underway for the Lazy Edward Bay maiden drill program by engaging Bryson drilling out of Archerwill, Saskatchewan.

Bryson drilling will be scouting the route to mobilize the diamond drill rig to the property next week and hires local First Nations community members from the Athabasca Basin Region for their drill crews.

Lester Esteban, Chief Executive Officer, stated “We are looking forward to executing on our 2022 maiden drill program at Lazy Edward Bay this month. Bryson drilling is one of Canada’s leading and most trusted diamond drillers whose name was built up over 3 generations of hard-working mineral exploration drillers with over 100 years of combined experience and we are pleased to be utilizing that expertise and engaging as much of the Saskatchewan local community in our programs as much as possible.”

Historical Lazy Edward Bay drill holes LE-72 and LE-73 encountered 170 ppm uranium, LE-50 intersected graphitic pelites returning 908 ppm Uranium along with other pathfinder metals. Previous airborne and ground EM surveys refined conductor locations along with geochemical and radon surveys bolstering geophysical targets which have yet to be drilled. They are now considered high-priority targets.

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. This property is made up of 11 claims totaling 1,828 ha. It is located in the south-eastern margin of the Athabasca Basin, halfway between the historic Key Lake Mine and Cameco’s Centennial deposit. They Key Lake operation, ~50km to the east, was one of the largest and most significant uranium deposits in the Athabasca Basin.

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

Lester Esteban
Chief Executive Officer
+1 (604) 561 2687
info@tractionuranium.com

Disclaimer for Forward-Looking Information

This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the expected use of proceeds from the Private Placement are “forward-looking statements”. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

FAQ

What are the latest developments for Traction Uranium Corp. (TRCTF)?

Traction Uranium Corp. is planning its maiden drill program at Lazy Edward Bay, engaging local drillers and the First Nations community.

What uranium grades were reported by Traction Uranium Corp. at Lazy Edward Bay?

Historical drill holes at Lazy Edward Bay encountered up to 908 ppm uranium, highlighting high-priority exploration targets.

Which drilling company is Traction Uranium Corp. using for its Lazy Edward Bay project?

Traction Uranium Corp. is using Bryson drilling, recognized for its extensive experience in mineral exploration.

Why is the Lazy Edward Bay project significant for Traction Uranium Corp. (TRCTF)?

The Lazy Edward Bay project is significant due to its location in the high-potential Athabasca Region and promising historical drilling results.