Traction Uranium Identifies New Surface Radioactive Anomalies in Radioactive Black Soil and Radioactive Swamp at Key Lake South (KLS) Uranium Project Completing Phase 1 of the Fall Field Program and Commences Phase 2
Traction Uranium Identifies New Surface Radioactive Anomalies in
Radioactive Black Soil and Radioactive Swamp at Key Lake South
(KLS) Uranium Project Completing Phase 1 of the Fall Field
Program and Commences Phase 2
September 27th, 2022
(Calgary,
AB):
Traction
Uranium
Corp.
(CSE:
TRAC)
(OTC:
TRCTF)
(FRA:
Z1K)
(the
“
Company
”
or
“
Traction
”)
and
Ugreenco
Energy
Corp.
have
completed
Phase
1
of
the
fall
kick-off
ground
program
at
their
Key
Lake
South
(KLS)
uranium
project
in
Canada’s
Northern
Saskatchewan
world
renowned
Athabasca
Basin
and
is
pleased
to
announce
the
team
encountering
two
new,
previously unknown radioactive anomalies at KLS.
Phase
1
involved
boulder
prospecting,
mapping
and
sampling
conducted
by
Traction
Uranium’s
research
geologists
from
the
University
of
Saskatchewan’s
Quartz
Degradation
Program
under
Dr.
Yuanming
Pan.
Two
exciting
new
surface
radioactive
anomalies
had
been
identified
during
the
program,
a
radioactive
black
soil
anomaly
and
a
radioactive
swamp
found
within
the
KLS
property
(Figure
1).
A
sample
of
radioactive
black
soil
had
been
collected
to
do
further
separation
and
PXRD
(Powder
X-ray
Diffraction)
analysis
to
provide
the
mineral
composition
of
this
black
soil
by
Traction’s
Research Team.
The
distribution
of
the
new
radioactive
anomalies
coincides
with
the
underlying
structures
interpreted
from
geophysical
surveys,
which
supports
the
thesis
that
these
anomalies
are
in-situ
controlled
by
structures rather than erratically transported by glaciers.
MWH
Geo-Surveys
has
started
mobilization
to
the
KLS
Field
and
is
expected
to
start
the
survey
towards
the
end
of
this
week
initiating
Phase
2
of
the
fall
program.
The
Ground
Gravity
Survey
will
cover
an
area
of
approximately
4.15
square
kilometers
with
the
goal
of
defining
structures
with
alteration in the basement.
The
results
from
both
Phase
1
and
Phase
2
Fall
Field
Programs
at
our
Key
Lake
South
Uranium
Project
will
be
used
to
define
and
generate
high
priority
drill
targets
for
the
upcoming
winter
2023
diamond
drill program at KLS.
Lester
Esteban,
Chief
Executive
Officer,
stated
“We
are
buoyed
with
the
results
of
our
Phase
1
program
at
KLS,
having
our
team
find
two
new
radioactive
anomalies
in
our
initial
program
is
definitely
exciting.
The
radioactive
black
soil
is
of
high
interest
to
our
team
and
is
currently
undergoing
extensive
analysis
at
the
UofS.
I
commend
the
tremendous
effort
and
dedication
our
research
geos
have
invested
into
this
initial
field
program
and
we
look
forward
to
sharing
the
data
they
have
collected
and
compiled
once the results come in.”
Figure 1:
Map showing Radioactive Anomalies
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 Property
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.
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
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news
release
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uncertainties,
including
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respect
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Company
completing
phase
1
and
phase
2,
the
Company
acquiring
any
interest
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the
Property,
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issuances
and
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and
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Property.
The
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Company’s
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Company’s
SEDAR
profile
at
www.sedar.com.
Although
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Company
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identify
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cause
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actions,
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or
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materially
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there
may
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other
factors
that
cause
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events
or
results
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as
anticipated,
estimated
or
intended.
There
can
be
no
assurance
that
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prove
to
be
accurate
as
actual
results
and
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events
could
differ
materially
from
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anticipated
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The
Company
disclaims
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or
obligation
to
update
or
revise
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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.