Traction Uranium Provides Hearty Bay Research Program Update
Traction Uranium Provides Hearty Bay Research Program Update
95 Core Samples Collected from 14 Diamond Drill Holes from Hearty Bay are Currentlybeing Analyzed for Radiation-Induced Defects in Quartz
August 30th, 2022
Vancouver BC – Traction Uranium Corp. (the “Company” or “Traction”) (CSE: TRAC) (OTC:TRCTF) (FRA: Z1K) a mineral exploration issuer focusing on the development of discoveryprospects in Canada, including its three flagship uranium projects in the world-renownedAthabasca Region is pleased to provide the following update from Traction’s research teamexamining radiation-induced defects in quartz from Hearty Bay drill cores.
Traction’s research geologists together with F3’s exploration team collected a total of 95 coresamples from 14 diamond drill holes.
Sample selection was made on the basis of several considerations:
1) systematic coverage from different depths
2) rock types
3) structures
4) alteration styles
5) radioactivity
The samples were mostly collected from the silicified zones within the metamorphosedbasement rocks, but Athabasca sandstones are present in one hole (#4).
Preliminary observations are summarized as follow:
● The metamorphic basement rocks are composed of both garnet-bearing metagranites,metamorphosed pegmatites, metapelites, and metapsammites.
● The basement rocks, especially those from boreholes #8 and #9, show advancedchloritization and hemtitization as well as silicification and kaolinitization, indicatinghydrothermal activities in local shear zones associated with a main fault.
● The association of clay alteration, hematitization, and silicification along with pyrite in amafic dyke crosscutting the basement rocks will be investigated for petrography andgeochemistry.
● Athabasca sandstones in hole #4 display banded clay alteration and silicification, and,locally, hematitization.
● The highest radiation dose is measured using the portable scintillometer for granofelsicsamples from borehole #5 at depth of 91.5m (280 cps).
Traction Uranium Inc.
1
Next Steps:
Polished thin sections are being made for selected samples and will be used for petrographicobservations, as well as cathodoluminescence (CL) imaging for possible detection ofradiation-induced damage in quartz.
Mineral separation of Athabasca sandstones from hole #4 are already underway (See Figure 1)in order to obtain quartz grains for electron paramagnetic resonance (EPR) spectroscopicanalysis, which is far more sensitive than CL for detecting radiation-induced defects.
Figure 1:
Results from examining quartz degradation will allow our team to refine drill targets andimprove accuracy by focusing our efforts in the right areas, therefore maximizing dollars in theground for our investors. We look forward to providing further updates as the programprogresses.
About Traction Uranium Corp.
Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is in the business of mineralexploration and the development of discovery prospects in Canada, including its two flagshipuranium projects in the Athabasca Region.
Traction Uranium Inc.
2
We invite you to find out more about our exploration-stage activities across Canada’s Westernregion at www.tractionuranium.com.
About Fission 3.0 Corp.
Fission 3 is a uranium project generator and exploration company, focusing on projects in theAthabasca Basin, home to some of world's largest high grade uranium discoveries. Fission 3currently has 16 projects in the Athabasca Basin. Several of Fission 3's projects are near largeuranium discoveries, including, Arrow, Triple R and Hurricane deposits. Fission 3 is currentlyplanning a winter exploration/drill program on its PLN project.
https://twitter.com/Fission3Corp
Qualified Person
The technical content of this news release has been reviewed and approved by Linglin Chu,M.Sc., P. Geo., who is a Qualified Person as defined by National Instrument 43-101, Standardsof Disclosure for Mineral Projects. The information provides an indication of the explorationpotential of the Property but may not be representative of expected results.
On Behalf of the Board of Directors
Lester EstebanChief Executive Officer+1 (604) 561 [email protected]
Disclaimer for Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicablesecurities laws. All statements that are not historical facts, including without limitation, statementsregarding future estimates, plans, programs, forecasts, projections, objectives, assumptions,expectations or beliefs of future performance, including statements regarding the expected use ofproceeds from the Private Placement are “forward-looking statements”. These forward-lookingstatements reflect the expectations or beliefs of management of the Company based on informationcurrently available to it. Forward-looking statements are subject to a number of risks and uncertainties,including those detailed from time to time in filings made by the Company with securities regulatoryauthorities, which may cause actual outcomes to differ materially from those discussed in theforward-looking statements. These factors should be considered carefully and readers are cautioned notto place undue reliance on such forward-looking statements. The forward-looking statements andinformation contained in this news release are made as of the date hereof and the Company undertakesno obligation to update publicly or revise any forward-looking statements or information, whether as aresult of new information, future events or otherwise, unless so required by applicable securities laws.
Traction Uranium Inc.
3