Traction Uranium Provides Fall Program Updates for Key Lake South and Hearty Bay Properties
Traction Uranium Provides Fall Program Updates for Key Lake
South and Hearty Bay Properties
September 20th, 2022
(Calgary,
AB):
Traction
Uranium
Corp.
(CSE:
TRAC)
(OTC:
TRCTF)
(FRA:
Z1K)
(the
“
Company
”
or
“
Traction
”)
is
pleased
to
provide
the
following
program
updates
on
exploration
programs currently underway at both Key Lake South (KLS) and Hearty Bay.
Lester
Esteban
,
Chief
Executive
Officer,
stated,
“I
am
truly
impressed
by
the
hard
work
and
determination
our
teams
put
in
day
in
and
day
out
in
developing
and
rolling
out
field
programs
for
both
Hearty
Bay
and
our
newest
project
KLS.
Next
year,
Traction
will
be
embarking
on
our
biggest
drill
program
to
date
and
our
team
is
dedicated
to
maximizing
every
dollar
put
into
the
ground
for
our
investors
by
executing
high
quality
follow
up
programs
to
develop
high
quality
drill
targets.
We
are
pleased
to
provide
the
following
updates
on
our
Fall
Programs
and
invite
everyone
to
follow
our
progress
as we advance towards our drill programs in 2023.”
Key Lake South Uranium Project Advances to Phase 2:
As
the
initial
Phase
1
Ground
Program
involving
boulder
prospecting,
mapping
and
sampling
with
Traction’s
research
team
is
nearing
completion
(see
Traction
September
13th,
2022
News
Release)
Phase 2 of the program involving a Ground Gravity Program will commence.
MWH
Geo-Surveys
has
been
contracted
to
complete
the
program
with
mobilization
planned
next
week
of
their
Gravity
Meter/GPS
Operators
to
the
KLS
field.
The
Gravity
Survey
data
will
provide
a
terrain
corrected
complete
Bouguer
Contour
Map
that
will
be
used
to
generate
high
priority
drill
targets
for
the
upcoming
diamond
drill
program
for
the
KLS
(Key
Lake
South)
Project.
The
program
is
expected
to
take approximately 2 weeks.
Hearty Bay Fall Program Initiates with LiDAR Survey
The
Hearty
Bay
follow
up
program
begins
with
execution
of
a
LiDAR
survey
to
generate
a
detailed
digital
elevation
model
that
will
assist
a
surficial
geologist
to
define
all
of
the
different
surficial
materials
in
the
area
and
the
mechanisms
for
the
uraniferous
boulders
to
be
deposited
where
they
had
been discovered on Isle Brochet.
LiDAR
or
Light
Detection
and
Ranging
surveying
captures
3D
data
using
laser
pulses
to
calculate
distances
and
measure
ranges.
It’s
essentially
a
remote
light
sensing
method
that
uses
rapid
light
pulses
to map out the surface of the earth.
The
big
picture
generated
with
a
LiDAR
survey
will
greatly
assist
in
unraveling
the
glacial
history,
to
characterize
the
surficial
materials
and
processes
that
have
led
to
the
surficial
landforms
that
are
present
today
allowing
a
surficial
geologist
to
develop
follow
up
work
on
Isle
Brochet
that
could
more
fully
delineate
the
extent
of
the
mineralized
boulders
on
the
island
and
assist
our
team
in
vectoring
in
on
the
source of the high grade uranium boulders discovered on Isle Brochet.
Figure 1:
Map showing LiDAR area for survey
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 the Properties
The
Key
Lake
South
Uranium
Project
is
located
approximately
6
kilometers
to
the
southwest
of
the
Key
Lake
uranium
mill
and
in
close
vicinity
to
modern
uranium
mining
facilities
and
highway
transportation
in
northern
Saskatchewan.
Geologically,
it
sits
at
the
southeastern
edge
of
the
Proterozoic
Athabasca
Basin
–
home
of
the
world’s
largest
and
highest
grade
uranium
deposits
and
operations.
Recent
discovery
of
Triple
R
and
Arrow
deposits
has
demonstrated
further
potential
of
high-grade
uranium at the edge of the basin.
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
the
high-grade
uranium
boulders
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
content
of
this
news
release
has
been
reviewed
and
approved
by
Linglin
Chu,
M.Sc.,
P.
Geo.,
who
is
a
Qualified
Person
as
defined
by
National
Instrument
43-101,
Standards
of
Disclosure
for
Mineral
Projects.
The
information
provides
an
indication
of
the
exploration
potential
of
the
Property
but
may not be representative of expected results.
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.