Homeland Files Notice of Intent with BLM to Conduct Drilling and Trenching on the Coyote Basin Uranium Project
Homeland Files Notice of Intent with BLM to
Conduct Drilling and Trenching on the Coyote
Basin Uranium Project
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2025) -
Homeland Uranium Corp. (TSXV:
HLU) (OTCQB: HLUCF) (FSE: D3U)
("
Homeland
" or the "
Company
") is pleased to announce that it
has filed a Notice of Intent ("
NOI
"), through its wholly owned subsidiary Shift Exploration Inc., with the US
Bureau of Land Management ("
BLM
") and the Colorado Division of Reclamation, Mining and Safety
("
DRMS
") to commence a 36-hole, 6,000 m/19,685 ft rotary drill program at the Coyote Basin Uranium
Project in Moffat and Rio Blanco Counties in northwestern Colorado. This program will be the
Company's inaugural drill campaign on the Coyote Basin Property and forms the first part of the Phase II
2025 exploration campaign.
The objective of the drill program is to confirm the presence of uranium
mineralization discovered by previous operators during the 1970s and determine the location of higher-
grade zones within the known mineralized horizons. Part One of the Phase II exploration program is
focused on bringing the historical uranium and vanadium resources to compliance with National
Instrument 43-101.
As part of the activities requested under the NOI, Homeland will also be planning to excavate three
trenches to further verify the apparent width extent of the mineralized lenses.
Each trench is located to
expose the geology over parts of Horizons 1- 3 where Phase 1 mapping and prospecting discovered
anomalous radioactivity in outcrop up to eight times background levels (400 cps) using a CT007-M
microR Meter. The reader is cautioned that scintillometer readings are not a substitute for laboratory
analysis and should not be considered as a measure of uranium concentration. The trench locations also
coincide with historically identified anomalous uranium concentrations in outcrop ranging up to 0.146%
U
3
O
8
(from W.M.R. internal report, Executive Summary, Coyote Basin Uranium District, Moffat and Rio
Blanco Counties, State of Colorado, 1980). Neither the Company nor the Qualified Person can validate
the accuracy of the historical outcrop sampling as detailed location information was not disclosed in the
historical geological reports acquired by Homeland.
Axiom Exploration Group, the Company's consultant on the Phase I Exploration Mapping Program, has
been able to confirm the presence and physical location of the exposed radioactive stratigraphic
horizons discovered in the 1970s.
The horizons are variably anomalous, confirmed roughly parallel and
verified continuous almost over the entire north-south length of the property.
The horizons remain
untested by drilling over the majority of their strike length.
"Homeland is pleased that the Phase I program is on track to confirm the presence and location of
anomalous radioactivity along Western Mining's historical Horizons 1 through 4. Their outcropping
exposures appear to be consistent with the locations indicated in the property dataset acquired last
year," stated Roger Lemaitre, President & CEO of Homeland Uranium. "We are even more excited to
have lodged our NOI with the regulators and eagerly anticipate receiving the approval of our upcoming
confirmation drilling program scheduled for this fall."
About Homeland Uranium Corp.
Homeland is a mineral exploration company focused on becoming a premier US-focused and resource-
bearing uranium explorer and developer. The Company is the 100% owner of the Coyote Basin and Red
Wash uranium projects in northwestern Colorado.
The Coyote Basin Project is reported by Energy Metals Corporation in its Management Discussion and
Analysis dated November 14, 2006 filed with the US Securities and Exchange Commission to contain
an estimated historical resource of 8,850,000 tons grading 0.20% U
3
O
8
and 0.10% V
2
O
5
totaling 35.4
million pounds of U
3
O
8
and 17.7 million pounds of V
2
0
5
.
This resource was calculated by the previous
project operator, Western Mining Resources, based on a 1978-79 program of surface sampling, coring,
drill hole chip sampling and gamma logging of 24 widely spaced holes.
The Company is not treating this historical resource as current mineral resources and the reader is
cautioned not to rely on it. The reader is cautioned that a qualified person (as defined under National
Instrument 43-101 -
Standards of Disclosure for Mineral Projects
("
NI 43-101
")) has not done sufficient
work to classify the historical resource as current mineral resources or mineral reserves nor can the
Company or the QP comment on the quality or verify the data obtained from the assay sampling program
used to determine the historical resource estimate, as this information was not included in the historical
reports acquired by Homeland. The Company is not treating the historical resource as current mineral
resources or mineral reserves and the Company and the Qualified Person is unable to compare the
historical resources to the CIM's current resource classification system. The Coyote Basin Project and
any future NI 43-101 mineral resource estimate will require considerable further evaluation.
Qualified Person
Nancy Normore., P.Geo., the Company's Vice President, Exploration, is a Qualified Person as defined
in NI 43-101 and has reviewed and approved the technical content of this news release.
For further information, please contact:
Roger Lemaitre
President & Chief Executive Officer
Homeland Uranium Corp.
Tel: 306-713-1401
Email:
Investor Relations
Kin Communications Inc.
Tel: 604-684-6730
Email:
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" and "forward-looking information"
(collectively, "
forward-looking statements
") within the meaning of applicable securities legislation.
All statements, other than statements of historical fact, are forward-looking statements. Forward-
looking statements in this news release relate to, among other things: the Company's expectations
and strategic plans in relation to the exploration of the Company's uranium mineral properties,
including accomplishing the objectives of the Phase I and Phase II exploration program at the Coyote
uranium project in Colorado.
These forward-looking statements reflect the Company's current views with respect to future events
and are necessarily based upon a number of assumptions that, while considered reasonable by the
Company, are inherently subject to significant operational, business, economic and regulatory
uncertainties and contingencies. These assumptions include, among other things: conditions in
general economic and financial markets; accuracy of assay results; geological interpretations from
drilling results, timing and amount of capital expenditures; performance of available laboratory and
other related services; future operating costs; future demand for energy; the historical basis for current
estimates of potential quantities and grades of target zones; the availability of skilled labour and no
labour related disruptions at any of the Company's operations; no unplanned delays or interruptions
in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are
received in a timely manner; the ability to secure and maintain title and ownership to properties and
the surface rights necessary for operations; and the Company's ability to comply with environmental,
health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results and developments to differ materially
from those expressed or implied by such forward-looking statements contained in this news release
and the Company has made assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation: the timing and content of work programs; results of
exploration activities and development of mineral properties; the interpretation and uncertainties of
drilling results and other geological data; receipt, maintenance and security of permits and mineral
property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs
and expenses; availability of funds; failure to delineate potential quantities and grades of the target
zones based on historical data; general market and industry conditions; and those factors identified
under the captions "Risks Factors" and "Risks and Uncertainties" in the Company's disclosure
materials filed on SEDAR+ at
www.sedarplus.ca
.
Forward-looking statements are based on the expectations and opinions of the Company's
management on the date the statements are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of preparation, may prove to be imprecise
and, as such, readers are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date the statements were made. The Company undertakes no obligation to
update or revise any forward-looking statements included in this news release if these beliefs,
estimates and opinions or other circumstances should change, except as otherwise required by
applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/258232