IsoEnergy Acquires Collins Bay Extension Uranium Property
IsoEnergy Acquires Collins Bay Extension Uranium Property
Vancouver, BC, October 16, 2019 – IsoEnergy Ltd. (“ IsoEnergy” or the “ Company”) (TSXV: ISO; OTCQX: ISENF ) is
pleased to report that it has added two new uranium exploration properties, Collins Bay Extension and Edge, to its
portfolio of properties in the eastern Athabasca basin of Saska tchewan (Figure 1). The highlight is the Collins Bay
Extension property located along‐trend of, and within seven km of, the Eagle Point ‐ Collins Bay ‐ Rabbit Lake (Rabbit
Lake) uranium mine and mill complex. Both Collins Bay Extension and Edge are 100% owned by IsoEnergy.
Steve Blower, Vice President of Exploration commented: “Good uranium exploration ground in the Athabasca basin
is still tightly held and difficult to acquire. In that context I’m extremely pleased with the results of our recent staking
efforts – especially with respect to the Collins Bay Extension claims. Encompassing long lengths of two fertile
uranium trends ‐ Collins Bay and Tent‐Seal, the potential for d iscovery of basement hosted mineralization on this
property is high.”
Craig Parry, CEO commented: “The acquisition of these two prope rties fits well with our strategy of increasing our
footprint of high‐potential uran ium exploration ground in the e astern Athabasca basin. Staking this 100% owned
ground against several other exploration companies in a competi tive process was a terrific outcome – all at a very
low acquisition cost.”
Collins Bay Extension Property
The 8,580ha Collins Bay Extension property is located along the inferred northeastern extension of the Collins Bay
trend, less than seven km northeast of Rabbit Lake (Figure 2). Currently under care and maintenance since 2016,
Rabbit Lake has produced over 20 0 million pounds of uranium con centrates since 1975, much of which was from
basement hosted mineralization at the Eagle Point deposits. Th e Eagle point deposits are characterized by their
remarkable depth extent to at least 900m below the sub‐Athabasca unconformity.
In addition to the prolific Collins Bay trend, the Collins Bay Extension property also covers the extension of another
fertile conductive trend – Tent‐Seal, host to the Tamarack uranium deposit on Cameco Corp.’s Dawn Lake property,
and several occurrences of basement hosted uranium mineralization on Orano Canada’s McClean Lake property and
UEX’s Hidden Bay property. The two trends merge on the Collins Bay Extension property in a complicated zone of
conductors that suggests a high degree of structural complexity – a perfect setting for basement hosted uranium
m i n e r a l i z a t i o n . T h e t o t a l s t r i k e l e n g t h o f c o n d u c t i v e s t r a t i g raphy related to the two trends on the Collins Bay
Extension property is over 16km.
Located just beyond the edge of the Athabasca sandstone, the Collins Bay Extension property is underlain solely by
basement rocks (mostly prospective metasediments of the basal Wollaston group) and there is no sandstone cover.
Despite the presence of two prospective trends, there are very few historical core drill holes on the property
according to the Saskatchewan government database.
Edge Property
The 4,218ha Edge property is located nine km northeast of the C ompany’s Larocque East property (Figure 3). It
covers a large area characterized by low magnetic susceptibilit y caused by prospective Wollaston group
metasedimentary basement rocks beneath a thin cover of Athabasc a sandstone. The proper ty is very close to the
basin edge, with only 40m of Athabasca sandstone recorded in the only historical drill hole completed on the
property. That drill hole intersected 10m of semi‐massive and massive pyrite mineralization in the basement rocks.
Next Steps
Compilation of historical data is ongoing for both new properties. Upon completion of this work, exploration
programs that may include surficial geochemistry, ground geophy sics and ultimately core drilling will be planned.
Fieldwork may start in 2020.
Figure 1 – Athabasca Property Map
Figure 2 – Collins Bay Extension Property Map
Figure 3 – Edge Property Map
Qualified Person Statement
The scientific and technical information contained in this news release was prepared by Andy Carmichael, P.Geo.,
IsoEnergy’s Senior Geologist, who is a “Qualified Person” (as defined in NI 43‐101 – Standards of Disclosure for
Mineral Projects). Mr. Carmichael has verified the data disclosed. This news release refers to properties other than
those in which the Company has an interest. Mineralization on those other properties is not necessarily indicative
of mineralization on the Company’s properties.
About IsoEnergy
IsoEnergy is a well‐funded uranium exploration and development company with a portfolio of prospective projects
in the eastern Athabasca Basin in Saskatchewan, Canada and a hi storic inferred mineral re source estimate at the
Mountain Lake uranium deposit in Nunavut. IsoEnergy is led by a Board and Management team with a track record
of success in uranium exploration, development and operations. The Company was founded and is supported by
the team at its major shareholder, NexGen Energy Ltd.
Craig Parry
Chief Executive Officer
IsoEnergy Ltd.
+1 778 379 3211
www.isoenergy.ca
Investor Relations
Kin Communications
+1 604 684 6730
www.isoenergy.ca
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