Hearty Bay Drilling Suggests Till Sampling May Lead to Source of Radioactive Boulders
Hearty Bay Drilling Suggests Till Sampling May Lead to Source
of Radioactive Boulders
Drill Program Suspended Due to Early Ice Road Closure
March 21, 2024
(Calgary, AB): Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the
“Company” or “Traction”) announces the completion of a single sonic drill hole at the Hearty
Bay Property (“The Property”) and the early suspension of the drill program due to deteriorating
ice conditions on Lake Athabasca.
The use of a track mounted sonic drill has resulted in the recovery of till for the first time under
the lake in the up-ice direction from the high grade boulder trains on Isle Brochet and resulted in
the recovery of a complete intersect of the underlying glacial till. Initial interpretation of this unit
is favorable and suggests less post depositional disturbance than assumed, supporting the theory
that the glacial till in which the historic high grade boulder trains on Isle Brochet occur, does
extend up ice under the lake towards a source location.
Importantly, this suggests that it will be possible to use the subglacial till sampling method to trace
the dispersion of uraniferous till under the lake, and thus directly back to the source of the historic
Isle Brochet high grade boulder trains.
The two previous sub glacial till programs completed by the geomorphological experts at Palmer
Environmental Consulting in 2023 demonstrated a uranium geochemistry signature in the sub
glacial till, a reliable sampling medium invulnerable to the effects of wave action, below the
historic high grade boulder trains located on surface on Isle Brochet. The discovery of this 2.3 m
thick till under the lake provides strong support for additional sub glacial till sampling to ultimately
lead directly to the source from which the radioactive boulder trains on Isle Brochet originate.
Traction and F3 Uranium Corp. (“F3”) have also engaged Convolutions Geoscience to complete
a constrained inversion of the ground gravity data collected in January and the ground VLF EM
data collected in 2022. An inversion based structural interpretation will then be included for drill
planning for the next program on the Property.
Figure 1: Drilling Updated
Qualified Person
The technical content of this news release has been reviewed and approved by Ken Wheatley, M.Sc, P.
Geo., who is a Qualified Person as defined by National Instrument 43 -101, Standards of Disclosure for
Mineral Projects. The information provides an indication of the exploration potential of the Company’s
properties but may not be representative of expected results.
About Hearty Bay:
The Hearty Bay property consists of 7 contiguous mineral claims with an area of 11,173 ha. and is located
on the north edge of the Athabasca Basin, 20 km west of the Fond-du-Lac uranium deposit and 60 km
east of the Beaver Lodge uranium district. The property surrounds the historic Isle Brochet high grade
boulder field, consisting of the Wolfe and Jackfish 1km long dispersal trains trending in a down -ice
direction and containing reported historic assay values up to 3.54% U 3O8. Approximately 600m to the
northeast on the lake bottom a group of radioactive boulders were discovered reported to contain up to
1.4% U3O8. These boulders were both sandstone and altered basement rocks which forms the basis of the
source to occur at or near the unconformity. The source of the boulders remains undetermined.
About Traction Uranium Corp.
Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is in the business of mineral
exploration and the development of discovery prospects in Canada, including its two uranium projects in
the world-renowned Athabasca Region.
We invite you to find out more about our exploration-stage activities across Canada’s Western region at
www.tractionuranium.com.
On Behalf of The Board of Directors
Lester Esteban
Chief Executive Officer
+1 (604) 425-2271
Forward-Looking Statements
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laws. All statements that are not historical facts, including without limitation, statements regarding future
estimates, plans, programs, forecasts, p rojections, objectives, assumptions, expectations or beliefs of
future performance, including statements regarding the suitability of the Properties for mining
exploration, future payments, issuance of shares and work commitment funds, entry into of a defi nitive
option agreement respecting the Properties, are "forward -looking statements." These forward -looking
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including those detailed from time to time in filings made by the Company with securities regulatory
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