Homeland Commences Drill Program at Coyote Basin
Homeland Commences Drill Program at
Coyote Basin
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2025) -
Homeland Uranium Corp.
(TSXV: HLU) (OTCQB: HLUCF)
(FSE: D3U)
("
Homeland
" or the "
Company
") is pleased to
announce that the Company's drill contractor has mobilized to site and that drilling has commenced on
the Phase II exploration program at the 100% owned Coyote Basin Uranium Project.
The Phase II exploration drilling program consists of two parts. Part 1 will consist of the drilling of
approximately 35 reverse circulation holes totaling approximately 17,000 ft (5,300 m) that will be focused
on the key historical resource-bearing locations identified by previous operators and during the
Company's June mapping and prospecting program (see Figures 1 and 2).
Drilling under Part 1 of the
Phase II program is anticipated to take six to eight weeks to complete.
The entire Phase II exploration
plan to evaluate the historical resource estimate at Coyote Basin consists of 50 to 70 holes totaling
approximately 33,000 ft (10,000 m).
The location of all Part 2 holes will be contingent on the results of
Part 1 and will require a separate exploration permit from the BLM and DMRS.
"
Homeland and our shareholders have been eagerly anticipating the commencement of our maiden
drilling campaign at Coyote Basin since the inception of the Company in March. Our initial drilling
efforts will focus on the southernmost two of the three mineralized areas defined in the late 1970s by
the previous operator Western Mining with the objective of initiating the conversion of the known
historical uranium resources to modern resource standards
," stated Roger Lemaitre, President and
CEO, Homeland Uranium.
Holes drilled during the maiden drilling program will be spaced approximately 200 m apart.
Each hole
will be probed using a wireline gamma tool which can detect uranium in-situ and all cuttings will be
scanned using a handheld X-Ray Fluorescence Spectrometer as a tool to enhance sample selection for
assaying.
About Homeland Uranium Corp.
Homeland Uranium 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 Cross Bones uranium projects in northwestern Colorado.
The Coyote Basin Project is reported by Energy Metals Corporation in its quarterly Management
Discussion and Analysis dated September 30, 2006 filed with the Securities and Exchange
Commission ("SEC") 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
(see Energy
Metal's SEC disclosure at
https://www.sec.gov/Archives/edgar/data/1361605/000106299306003601/exhibit99-2.htm
). 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 (private internal report, Western Mining, Executive Summary, Coyote Basin Uranium
District, Rio Blanco and Moffat Counties, State of Colorado, January, 1980).
The Company is not treating the Coyote Basin historical resource estimate as current mineral resources
and the reader is cautioned not to rely on either of these estimates. 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 resources from the project as current mineral resources or
mineral reserves nor can the Company or the Qualified Person comment on the quality or verify the data
obtained from the assay sampling programs from the project that were used to determine these
historical resource estimates, as such information was not included in the historical reports acquired by
Homeland. The Company is not treating the historical resource estimate as current mineral resources or
mineral reserves and the Company and the Qualified Person is unable to compare the historical
resource estimate to the CIM's current resource classification system at this time. The Coyote Basin
Project any future NI 43-101 mineral resource estimate will require considerable further evaluation which
will include completion of the Phase I drilling program and may require addition drilling to follow-up
Phase 1 results.
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:
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.
Figure 1 - Location of Homeland Uranium's Coyote Basin Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10583/274132_e8f8be98f45ef92c_002full.jpg
Figure 2 - Areas targeted during the Phase II - Part 1 drilling program at the Coyote Basin Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10583/274132_e8f8be98f45ef92c_003full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/274132