Homeland Continues to Extend Near-Surface Anomalous Radioactivity at Coyote Basin Uranium Project Elevated radioactivity confirmed over an area measuring approximately 1,000 m by 600 m and remains open for expansion.
Homeland Continues to Extend Near-Surface
Anomalous Radioactivity at Coyote Basin
Uranium Project
Elevated radioactivity confirmed over an area measuring
approximately 1,000 m by 600 m and remains open for
expansion.
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2026) -
Homeland Uranium Corp.
(TSXV:
HLU)
(OTCQB: HLUCF) (FSE: D3U)
("
Homeland
" or the "
Company
") is pleased to provide a third
update on the Phase II exploration drilling program at the 100% owned Coyote Basin Uranium Project
(the "Project") (see Figure 1).
An additional eight Reverse Circulation (RC) drillholes, CB-RC-0035 to CB-RC-0042, have been
completed as part of the ongoing Phase II drill program (see Figure 2). Based on drilling completed to
date, elevated radioactivity has now been confirmed over an area measuring approximately 1,000 m
(3,280 ft) by 600 m (1,968 ft) and remains open for expansion. Approximately 3,400 m (11,155 ft) of the
planned 5,300 m (17,388 ft) of the Phase II drilling program have been completed to date, representing
roughly 64% of the total planned drilling.
Drillholes CB-RC-0035 to CB-RC-0040 (see Figure 2) were completed on a single east-west oriented
drill fence located approximately 200 m (656 ft) south of the previously reported drilling, continuing the
systematic step-out approach designed to evaluate the lateral extent of anomalous radioactivity across
the Project area (see the Company's news release dated December 22, 2025 available at
https://www.homeland-uranium.com/news-releases/2025/homeland-confirms-southward-continuity-of-
anomalous-radioact2025-12-22-010502
or at the Company's profile on SEDARplus.ca).
Downhole Spectral Gamma Ray Counts Per Second readings from these most recent drillholes continue
to demonstrate the presence of elevated radioactivity occurring at relatively shallow depths, typically
between approximately 50 and 100 m (164-328 ft) below surface. The radiometric response and rock-
types observed on this drill fence are consistent with earlier drilling, as anomalous radioactivity continues
to be associated with shales, claystones, and fine-grained sandstones of the Upper Member of the Fort
Union Formation.
Drillholes CB-RC-0041 and CB-RC-0042 (Figure 2), which comprise part of the planned southernmost
east-west drill fence, also continue to exhibit elevated radioactivity at shallow depths in the south-western
portion of the current drill area. This suggests that the anomalous horizon persists toward the southern
extent of the currently tested area and supports the interpretation of a laterally extensive anomalous
horizon.
Roger Lemaitre, President and CEO, Homeland Uranium stated, "
The completion of this third fence of
drilling further demonstrates the scale and continuity of near-surface anomalous radioactivity at
Coyote Basin providing additional confidence in the geological interpretation of the presence of a
laterally extensive horizon that remains open for further evaluation. As have we restarted the drilling
program after the holidays, our focus remains on systematically expanding the footprint of this system
while advancing geochemical analysis to better characterize the uranium mineralization."
Geochemical samples collected from the completed drillholes have been shipped to SGS Laboratories
in Lakefield, Ontario, for analysis. Homeland will report geochemical and assay results once they have
been received, compiled, and reviewed by the Company.
It is not uncommon for uranium mineralization within sandstone-hosted uranium deposits to be in
disequilibrium with the daughter products of the radioactive decay series (see the Quality
Assurance/Quality Control section below). While downhole gamma logging is often an effective tool for
defining radiometric horizons and correlating with historical drilling, it has been determined that chemical
assays will be required before uranium grades can be accurately determined. Ongoing drilling and
geochemical analysis will support refinement of the geological model and improved characterization of
uranium mineralization.
Quality Assurance/Quality Control
All drillholes are radiometrically logged using a calibrated QL40 SGR Spectral Gamma Ray downhole
probe, which collects continuous spectral gamma measurements along the length of the drillhole.
Gamma values are collected and reported as Counts Per Second are collected. The probe response is
calibrated using coefficients derived from the probe's most recent factory calibration and through
comparison of probe responses to geochemical assay data from previously sampled intervals.
Spectral gamma tools measure natural radioactivity, and in situations where the uranium decay series is
in equilibrium, such gamma readings can be converted into equivalent concentrations of uranium,
thorium, and potassium.
However, if the uranium decay series is not in equilibrium, conversion of
spectral gamma into equivalent concentrations of uranium may not be accurate, a phenomenon known
as uranium disequilibrium.
Uranium disequilibrium has been documented to occur at the nearby former
producing Maybelle Uranium Mine, located approximately 29 km (18 miles) northeast of the Coyote
Basin Project (see Global Uranium & Enrichment's news release dated July 29, 2025 which can be
found at
https://wcsecure.weblink.com.au/pdf/GUE/02972557.pdf
).
As a first step in determining the accuracy of QL40 SGR Spectral Gamma Ray downhole probe and
determining whether uranium disequilibrium may occur at Coyote Basin, Homeland's geological team
used a portable hand-held XRF (SciAps X-555 REE Analyzer) to test drill cuttings for the presence of
uranium.
Enough discrepancies have occurred when comparing the results of the Spectral Gamma Ray
downhole probe and the XRF that additional geochemical and assay sampling will be required before
uranium grades can be accurately determined.
Homeland has collected samples from each 5 ft interval of the drill holes for geochemical analysis which
will be sent to SGS Laboratories in Lakefield, Ontario.
SGS Lab is certified ISO 17043: General
requirements for proficiency testing. All SGS laboratories are required to participate in SGS's internal
Proficiency Testing (PT) program: Laboratory Quality Systems International (LQSi) program, the largest
PT program in the mining world. The SGS LQSi program currently involves over 100 laboratories on a
regular basis, both SGS and non-SGS participants. SGS LQSi holds accreditation to the conformity
assessment standard ISO 17043: General requirements for proficiency testing.
All depths and intervals reported are drilled depths and downhole lengths, unless otherwise stated. True
thicknesses have not yet been determined.
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 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
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Figure 2 - Completed drillholes during Part 1 of Phase 2 - Coyote Basin Project
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/279779