IsoEnergy Finalizes Uranium Target Areas for Winter Drilling; Notes Increasing Uranium Price in Spot Market Aggressive Infill and Step‐Out Program to Follow Up on High‐Grade Uranium Discovery in Eastern Athabasca Basin; Spot U3O8 price has increased 8% in recent weeks
IsoEnergy Finalizes Uranium Target Areas for Winter Drilling; Notes
Increasing Uranium Price in Spot Market
Aggressive Infill and Step‐Out Program to Follow Up on High‐Grade Uranium Discovery in Eastern Athabasca
Basin; Spot U3O8 price has increased 8% in recent weeks
Vancouver, BC, November 20, 2019 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) is
pleased to provide an update on current targeting plans for the Hurricane zone at the Larocque East property. The
Hurricane zone is located on the Company’s 100% owned Larocque East property (the “ Property”) in the Eastern
Athabasca Basin of Saskatchewan (Figure 1).
The Company also notes that in recent weeks the uranium price as reported by Numerco (www.numerco.com) has
risen strongly. Numerco was reporting a spot U 3O8 price of US$24.00/lb. on 31 October 2019. As at 19 November
2019 the reported spot price is $26.00/lb., an increase of $2.00/lb. or 8%. IsoEnergy is encouraged by the renewed
activity in the spot market and this rise in price and encourag es investors to monitor prices over the coming weeks
and months.
Targeting Highlights
Two primary objectives:
o Infill gaps in the current Hurricane zone footprint (on most cross‐sections and along‐strike)
o Evaluate the eastern strike extension beyond drill hole LE19‐26
All necessary permits are in hand, with drilling expected in January
Select intersections drilled to date include:
o 5.4% U3O8 over 7.0 m in drill hole LE19‐16A
o 10.4% U3O8 over 5.0m in drill hole LE19‐02
o 4.2% U3O8 over 4.5m in drill hole LE19‐09
Dimensions are currently 500m along‐strike, 40m wide and up to 10m thick and remains open along‐
strike and on most sections
On 12 November 2019 IsoEnergy announced a $6.15 million dollar financing which will see company fully
funded for the planned exploration program.
Steve Blower, Vice President of Exploration commented: “The excellent results obtained from our drilling efforts in
2019 warrant an aggressive drilling campaign to start 2020. We expect to conduct infill drilling within the Hurricane
zone, while simultaneously evaluating the potential for expansion to the east. Interpretation and integration of our
2019 drilling data supports our view that the eastern strike ex tension of the broad Hurricane zone trend remains
highly prospective for additional high‐grade uranium mineralization.”
Planned Infill Drilling
Considerable drilling is still required within the current mineralized footprint of the Hurricane zone (Figure 2). All of
the cross‐sections drilled to date are open for additional mineralized intersections. As well, large gaps between
cross‐sections remain along the 500 m current length of the zon e. These include a 250 m gap to the east between
sections 4735E and 4985E, and a 75 m gap to the west between the westernmost drill hole and the western property
boundary. Figure 3 shows the relative positions of the Infill and Step‐out drilling areas.
Planned Step‐out Drilling
The only drill hole completed by IsoEnergy to date east of the Hurricane footprint is drill hole LE19‐26. This step‐out
drill hole (200 m east of the Hurricane zone) was angled from the north and was designed to undercut the Hurricane
zone trend so that the key units and faults could be projected to the sub‐Athabasca unconformity and targeted there
with follow‐up drilling. The drill hole successfully located th e k e y H u r r i c a n e z o n e r o c k t y p e s a n d f a u l t s i n t h e
basement. Follow‐up at the unconformity is a high priority. Additionally, the sandstone in drill hole LE19‐26 is
strongly altered and characterized by elevated uranium and uran ium pathfinder elements, similar in tenor to that
seen over the heart of the Hurricane zone. This suggests that additional mineralized horizons may be present to the
north of the Hurricane trend. New geophysical data from IsoEne rgy’s summer DC‐Resistivity survey supports the
potential for a new northern t rend, as drill hole LE19‐26 is lo cated on the western end of a long conductor that
extends for several kilometres to the east.
Next Steps
A budget and drilling plan designed to meet the objectives outlined above are currently being finalized. Details will
be announced in due course. Winter road construction is scheduled to begin in December as ice conditions permit
and then drilling is scheduled to begin in January.
Figure 1 –Larocque East Property Map
Figure 2 – Hurricane Zone Drill Hole Location Map
Figure 3 – Winter 2020 Planned Drilling Areas
The Larocque East Property and the Hurricane Zone
The 100% owned Larocque East property consists of 20 mineral claims totaling 8,371 ha and is not encumbered by
any royalties or other interests. Larocque East is immediately a d j a c e n t t o t h e n o r t h e n d o f I s o E n e r g y ’ s G e i g e r
property and is 35 km northwest of Orano Canada’s McClean Lake uranium mine and mill.
Along with other target areas, the Property covers a 15‐kilomet re‐long northeast extension of the Larocque Lake
conductor system; a trend of graphitic metasedimentary basement rocks that is associated with significant uranium
mineralization at the Hurricane zone, and in several occurrence s on Cameco Corp.’s neighbouring property to the
southwest of Larocque East. The Hurricane zone was discovered in July, 2018 and was followed up with a 12‐hole
drilling campaign in the winter of 2019 and a recently complete d 17‐hole summer drilling campaign. Dimensions
are currently 500m along‐strike, 40m wide and up to 10m thick. The zone is open for expansion along‐strike and on
most sections. Mineralization is polymetallic and commonly straddles the sub‐Athabasca unconformity 320m below
surface. The best intersection to date is 5.4% U 3O8 over 7.0 m in drill hole LE19‐16A. Drilling at Cameco Corp.’s
Larocque Lake zone on the neighbouring property to the southwes t has returned historical intersections of up to
29.9% U3O8 over 7.0 m in drill hole Q22‐040. Like the nearby Geiger prop erty, Larocque East is located adjacent to
the Wollaston‐Mudjatik transition zone ‐ a major crustal suture related to most of the major uranium deposits in the
eastern Athabasca Basin. Importantly, the sandstone cover on the Property is thin, ranging between 140 m and 330
m in previous drilling. In addition to the Hurricane zone disc overy, four historical drill holes have intersected weak
uranium mineralization at other locations on the Property to date.
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. As mineralized drill holes are oriented very steeply
( ‐ 8 0 t o ‐ 9 0 d e g r e e s ) i n t o a z o n e o f m i n e r a l i z a t i o n t h a t i s i n t erpreted to be horizontal, the true thickness of the
intersections is expected to be greater than or equal to 90% of t h e c o r e l e n g t h s . T h i s n e w s r e l e a s e r e f e r s t o
properties other than those in which the Company has an interes t. Mineralization on those other properties is not
necessarily indicative of mineralization on the Company’s properties. For additional information regarding the
Company’s Larocque East Project, including its quality assurance and quality control procedures, please see the
Technical Report dated effective May 15, 2019 on the Company’s profile at www.sedar.com.
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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Forward‐Looking Information
The information contained herein contains “forward‐looking statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and “forward‐looking information” within the meaning of applicable
Canadian securities legislation. “Forward‐looking information” includes, but is not limited to, statements with
respect to the activities, events or developments that the Comp any expects or anticipates will or may occur in the
future, including, without limitation, planned exploration activities. Generally, but not always, forward‐looking
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“would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Such forward‐looking information and statements are based on nu merous assumptions, including among others,
that the results of planned exploration activities are as antic ipated, the price of uranium, the anticipated cost of
planned exploration activities, that general business and economic conditions will not change in a material adverse
manner, that financing will be available if and when needed and on reasonable terms, that third party contractors,
equipment and supplies and governmental and other approvals required to conduct the Company’s planned
exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made
by the Company in providing forward‐looking information or maki ng forward‐looking statements are considered
reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward‐looking information and s tatements also involve known a nd unknown risks and uncertainties and other
factors, which may cause actual events or results in future periods to differ materially from any projections of future
events or results expressed or implied by such forward‐looking information or statements, including, among others:
negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no
known mineral reserves or resources, the limited operating history of the Company, the influence of a large
shareholder, alternative sources of energy and uranium prices, aboriginal title and consultation issues, reliance on
key management and other personnel, actual results of exploration activities being different than anticipated,
changes in exploration programs based upon results, availability of third party contractors, availability of equipment
and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural
phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws
and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in the forward‐looking information or implied by forward‐looking information,
there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that forward‐looking information and statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place
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or reissue forward‐looking information as a result of new infor mation or events except as required by applicable
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