Traction Uranium and Fission 3.0 Commences Follow Up Program at Hearty Bay
Traction Uranium and Fission 3.0 Commences Follow Up Program
at Hearty Bay
October 11th, 2022
(Calgary,
AB):
Traction
Uranium
Corp.
(CSE:
TRAC)
(OTC:
TRCTF)
(FRA:
Z1K)
(the
“
Company
”
or
“
Traction
”)
and
Fission
3.0
Corp.
are
pleased
to
announce
mobilization
of
their
field
crew
to
Hearty
Bay
to
conduct
a
15
day
field
program
to
ready
the
property
for
additional
drilling
in
2023
with
the
goal
of
vectoring
in
on
the
source
of
the
historic
high
grade
uranium
boulder
field
found
on Isle Brochet.
Lester
Esteban
,
Chief
Executive
Officer,
stated
“Next
year
will
be
our
biggest
drill
program
to
date,
Hearty
Bay
is
an
ice
road
program,
therefore
we
want
to
be
prepared
with
the
latest
data
possible.
That
is
why
it
is
crucial
to
build
upon
the
results
from
our
last
drill
program,
by
following
it
up
with
high
quality,
well-designed
focused
field
programs
to
bolster
our
targets,
ensuring
every
hole
punched
is
pre-determined
and
backed
with
high-quality
data.
By
scrutinizing
the
boulders,
determining
the
geological
environment
from
where
they
came
from,
and
enlisting
the
expertise
of
a
surficial
geologist
to
analyze
the
LiDAR
survey
results
to
unravel
the
glacial
history
-
all
these
steps
before
we
even
set
foot
on
the
ice
will
guide
our
team
in
creating
a
package
of
exciting
drill
targets
to
go
after
this
coming
winter.”
The Program will consist of:
●
Scintillometer
Prospecting
carried
out
on
the
SW
part
of
Isle
Brochet
to
locate
additional
high
grade
uranium
boulders
for
further
study
and
to
extend
the
boulder
trains.
Mineralized
boulders
that
may
be
found
will
be
sent
for
more
detailed
analysis
including
thin
sections,
age
dating,
conductivity measurements and other laboratory tests.
●
Geological prospecting and sampling will be carried out on the north shore of the lake along the
prominent magnetic low anomaly that is perpendicular to the main geological fabric,
concentrating on the areas where it intersects the historic EM conductors. (Uranium occurrences
are known to occur at the places along conductors where they are intersected by cross faults.)
●
Ground electromagnetic (EM) geophysics will be extended onto land on the north shore of Lake
Athabasca to the NE of Isle Brochet to pinpoint and characterize the airborne EM conductors that
were identified by a historic Tridem EM survey flown in 1980. We seek to characterize these
conductors and to investigate their potential association with the new conductors that were
discovered this winter NE of Isle Brochet under the lake. These surveys stand to generate
additional drill targets further NE up ice from the uraniferous boulder trains.
LiDAR Survey Update (see September 20th, 2022 news release):
●
Palmer has been engaged to interpret the high resolution LiDAR data that was collected in
September. Palmer’s lead specialist in surficial geology and mineral exploration will conduct a
field reconnaissance trip to Isle Brochet in October to examine the historic trenches and boulder
trains to establish a more detailed understanding of the surficial processes that have affected the
area, with the aim of explaining and ultimately helping to source the radioactive boulder trains. A
recommended surficial exploration strategy will be outlined that is likely best able to resolve key
uncertainties in the local surficial geology, and ultimately to provide a better understanding of the
boulder distribution mechanisms and source areas to inform drill-testing decisions in 2023.
About Traction Uranium Corp.
Traction
Uranium
Corp.
is
in
the
business
of
mineral
exploration
and
the
development
of
discovery
prospects
in
Canada,
including
its
three
flagship
uranium
projects
in
the
world
renowned
Athabasca
Region.
We
invite
you
to
find
out
more
about
our
exploration-stage
activities
across
Canada’s
Western
region
at
www.tractionuranium.com
.
About Fission 3.0 Corp.
Fission
3
is
a
uranium
project
generator
and
exploration
company,
focusing
on
projects
in
Canada’s
Athabasca
Basin,
home
to
some
of
the
world’s
largest
uranium
deposits. Currently the company has 16properties in the Athabasca Basin. Fission 3 is planning a fall drilling program at PLN whereprevious drilling intersected basement hosted uranium mineralization and pathfinder elementsshowing large scale potential. PLN is
one
of
the
most
advanced
and
highest
ranked
projects
in
F3’s
extensive
portfolio
and
is
located
in
the
area where Fission Uranium Corp and NexGen are advancingtheir world-class, large, high-grade uranium deposits.
https://twitter.com/Fission3Corp
About the Property
The
Hearty
Bay
Project
is
located
in
the
northwest
side
of
the
Athabasca
Basin
in
the
Beaverlodge/Uranium
City
district,
Hearty
Bay
hosts
a
uranium
boulder-field
where
it
is
interpreted
that
glaciation
has
transported
high-grade
uranium
from
a
nearby
source.
Interpretation
of
a
2019
marine
seismic
survey
defined
interpreted
fault
intersections
that
represent
drill
targets
which
may
be
associated with the source of the uranium boulder trains.
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.
On Behalf of The Board of Directors
Lester Esteban
Chief Executive Officer
+1 (604) 561 2687
Forward-Looking Statements
This
news
release
includes
forward-looking
statements
that
are
subject
to
risks
and
uncertainties,
including
with
respect
to
the
Company
completing
phase
1
and
phase
2,
the
Company
acquiring
any
interest
in
the
Property,
timing
of
cash
payments,
share
issuances
and
expenditure
requirements,
and
development
of
the
Property.
The
Company
provides
forward-looking
statements
for
the
purpose
of
conveying
information
about
current
expectations
and
plans
relating
to
the
future
and
readers
are
cautioned
that
such
statements
may
not
be
appropriate
for
other
purposes.
By
its
nature,
this
information
is
subject
to
inherent
risks
and
uncertainties
that
may
be
general
or
specific
and
which
give
rise
to
the
possibility
that
expectations,
forecasts,
predictions,
projections,
or
conclusions
will
not
prove
to
be
accurate,
that
assumptions
may
not
be
correct,
and
that
objectives,
strategic
goals
and
priorities
will
not
be
achieved.
These
risks
and
uncertainties
include
but
are
not
limited
those
identified
and
reported
in
the
Company’s
public
filings
under
the
Company’s
SEDAR
profile
at
www.sedar.com.
Although
the
Company
has
attempted
to
identify
important
factors
that
could
cause
actual
actions,
events,
or
results
to
differ
materially
from
those
described
in
forward-looking
information,
there
may
be
other
factors
that
cause
actions,
events
or
results
not
to
be
as
anticipated,
estimated
or
intended.
There
can
be
no
assurance
that
such
information
will
prove
to
be
accurate
as
actual
results
and
future
events
could
differ
materially
from
those
anticipated
in
such
statements.
The
Company
disclaims
any
intention
or
obligation
to
update
or
revise
any
forward-looking
information,
whether
as
a
result
of
new
information, future events or otherwise unless required by law.
The CSE has neither approved nor disapproved the information contained herein.