IsoEnergy Stakes Additional Uranium Exploration Ground around the Whitewater Property; Update on Whitewater Exploration
IsoEnergy Stakes Additional Uranium Exploration Ground around the
Whitewater Property; Update on Whitewater Exploration
Vancouver, BC, July 11, 2018 – IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) is
pleased to announce that it has extended the Whitewater property (“Whitewater”) and added a new property
called Whitewater East. Both of the new claims are located in the Athabasca Basin region of Saskatchewan,
and both were acquired by staking . The new 100% owned claims were acquired to cover areas of historic
uranium mineralization following ongoing compilation efforts by IsoEnergy’s technical team.
Steve Blower, Vice President of Exploration at IsoEnergy, comments: “I’m excited about the uranium discovery
potential on these new additions to our Whitewater area land holdings. Each of the new claims covers a large
number of uranium showings with numerous mineralized grab samples and a paucity of drilling. They are
highly prospective for large-tonnage, near-surface uranium deposits.”
Craig Parry, President and CEO, comments: “I’m pleased to report that we continue to add to our highly
prospective portfolio of Athabasca properties at very low co st. Our Whitewater properties cover an area of
prospective ground that has many of the hallmarks of the Paterson Lakes South Uranium District which hosts
our major shareholder NexGen Energy Ltd.’s world-class Arrow deposit. These characteristics include a
significant near -by deposit at Fond du Lac, numerous areas of uranium mineralization at surface on the
property, shallow or exposed basement host rocks and the presence of major host structures and fluid
pathways. We look forward to commencing exploration on these properties in the coming months.”
Whitewater Property Extension
The original Whitewater Property was staked on January 16th and consisted of 15 contiguous claims totaling
25,966 hectares located along the northern rim of the Athabasca basin. Whitewater covers over 26 kilometres
of the Grease River shear zone which separates the Beaverlodge, Train and Dodge domains to the northwest
from the Tantato domain to the southeast. This prominent, long-lived, crustal-scale structure is known to host
Athabasca basin related uranium mineralization at the nearby Fond du Lac deposit 26 kilometres along -strike
to the southwest. The entire Property is located just off -basin, therefore there is no sandstone cover. At its
closest point, the Whitewater Property boundary is within 5 kilometres of the edge of the Athabasca basin.
An additional, contiguous, 1,562 hectare claim was staked in May to more completely cover a group of uranium
occurrences that extended off of the original property to the north. Figure 1 shows the location of the new
claim. Uranium in this area is commonly hosted by outcropping white leucogranites around the outside of a
granitic dome. One particularly well mineralized section has a strike length of approximately 1,500 metres,
based on airborne and ground radiometrics . Historic grab sample grades in the area returned up to 1.36%
U3O8. Drilling in the area consists of only one, six-hole drilling campaign completed over a small, 3 50 metre
portion of the mineralized trend. All six drill holes were mineralized, with the best result being 0.021%
eU3O8/24.2 metres.
Whitewater East Property
In addition, a single 1,147 hectare claim was staked to cover a group of historic granite hosted uranium
occurrences 10 kilometres east of Whitewater. This property has been named Whitewater East. The showings
are spread over an approximately 500 metre by 250 metre area and have returned several grab samples greater
than 1% U 3O8, with the highest grade being 3.53% U 3O8 from strongly hematized and sheared granites and
pelites. Only two historic drill holes have been completed at Whitewater East , with neither intersecting
significant uranium mineralization, however the limited number of holes drilled leaves many untested targets
on the property.
Figure 1 – Whitewater Property Location Map
Qualified Person Statement
The scientific and technical information contained in this news release was prepared by Steve Blower, P.Geo.,
IsoEnergy’s Vice President, Exploration, who is a “qualified person” (as defined in National Instrument 43-101
– Standards of Disclosure for Mineral Projects). Mr. Blower has verified the data disclosed. This news release
refers to properties other than those in which the Company has an interest. Minerali zation 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 historic inferred mineral resource
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, stat ements with respect to the activities, events or developments that the Company
expects or anticipates will or may occur in the future, including, without limitation, planned exploration
activities and completion of the acquisition of the Property. Generall y, but not always, forward -looking
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Such forward-looking information and statements are based on numerous assumptions, including among
others, that the results of planned exploration activities are as anticipated, 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 pla nned exploration activities will be available on
reasonable terms and in a timely manner and that the acquisition of the Property will be completed on
the terms currently agreed to . Although the assumptions made by the Company in providing forward -
looking information or making forward -looking statements are considered reasonable by management
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Forward-looking information and statements also involve known and 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, avail ability 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, environm ental 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
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as a result of new information or events except as required by applicable securities laws