Traction Uranium Reports KLS Winter Drill Program Analytical Results
Traction Uranium Reports KLS Winter Drill Program Analytical
Results
All Winter 2023 KLS diamond drill holes contained trace amounts of Uranium
averaging 4.33 ppm over 419 samples, anomalous Thorium, Rare Earth Element
(REEs) Values Identified
June 7th, 2023
(Calgary, AB): Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the
“Company” or “ Traction”) is pleased to announce the final analytical results of the winter 20 23
diamond drilling program at the Company’s Key Lake South Property (the “KLS Property”). The KLS
property is located in northern Saskatchewan, approximately 6 kilometres southwest of Cameco’s Key
Lake Uranium Mill and along the south flank of the Athabasca Basin. Traction has entered into an option
agreement to earn an initial 51% interest in the property from UGreenco Energy Corp, to be increased to
75% following satisfactory completion of further exploration requirements.
Highlights of 2023 Geochemical Results:
• All 2023 drill holes contained trace amounts of uranium averaging 4.33 ppm over 419 samples.
• Most holes returned anomalous values for Th and for REEs. Table 1 lists significant intercepts
from the KLS 2023 diamond drilling program.
• Although anomalous intercepts for REEs are listed for cerium (Ce), lanthanum (La), neodymium
(Nb) and praseodymium (Pr), intercepts of anomalous values were also returned for most of the
other 13 REEs at various locations within the 2023 program area.
• The majority of anomalous in tercepts, including elevated REE values, were returned from
intervals of pegmatite and pegmatoidal rocks. However, several intercepts originated from
structural zones such as fault and shear zones, as well as near amphibolite dykes.
• The deepest intercept i n hole KLS23 -008, grading 239.00 ppm Th and 10.70 ppm U with
anomalous Ce, La, Nd and Pr values, was taken from a quartz -rich zone within basement
metasediments directly underlying the contact with overlying granitic orthogneiss.
The anomalous intercepts in hole KLS23-011 are all associated with zones of fracturing or brecciation.
These are hosted both within orthogneissic and pegmatitic units, indicating structural control may play a
role in mineralization along the south flank of Zimmer Lake.
Analytical results indicate that the majority of basement-hosted elevated gamma ray “counts per second”
(cps) originated from anomalous thorium (Th) values. Most holes returned elevated to anomalous values
for “Rare Earth Elements” (REEs), typically, although not exclusively, associated with thorium. Table 1
lists the significant intervals of thorium, uranium and select REEs
Anomalous values for Th and REEs were returned from throughout the drilled area. The northwest
property corner near Zimmer Lake, including the collar locations for KLS23-007 (see news release dated
March 29, 2023), KLS23-008 and KLS23 -011, may have higher mineral potential. These holes were
collared along the previously interpreted contact of granitic orthogneiss to the southeast with basement-
hosted metasedimentary rocks to the northwest.
Table 1*: Significant Intercepts, 2023 Diamond Drilling Program, Key Lake South property
*Total Digestion: A 0.125 g pulp is gently heated in a mixture of ultrapure HF/HNO3/HClO4 until dry and the residue dissolved
in dilute ultrapure HNO3.
Hole KLS23-007, which returned a 52.80 -metre intercept of anomalous basement-hosted cps readings,
also returned the longest significant intercept to date, of 52.80m grading 113.99 ppm Th, 4.87 ppm U,
193 ppm neodymium (Nd), 420 ppm cerium (Ce), 54.86 ppm praseodymium (Pr) and 194 ppm lanthanum
(La). This long intercept included four sub-intercepts (Table 1) within pegmatitic units, returning grades
up to 277.29 ppm Th, 13.57 ppm U, 498.5 ppm Nd, 1,096 (0.11%) Ce, 140.40 ppm Pr and 496 ppm La
across 1.17m.
NOTES:
Cerium is an element utilized within flat screen TV’s, low energy light bulbs, floodlights and as a pigment.
Lanthanum is used for carbon lighting, utilized for studio lighting and cinema projection. Neodymium is
crucial for the production of permanent magnets, utilized in electronic device s. Praseodymium is used as
an alloy for the production of aircraft engines, and also for permanent magnets (Wikipedia). REE’s, having
similar chemical properties to each other, tend to occur together and have become crucial for the
advancement of high-technology instruments.
Hole ID Interval Width Th U
Nd
(ppm)
Ce
(ppm)
Pr
(ppm)
La
(ppm)
from (m) to (m) (m)
KLS23-001 138 146 8.00 42.7 5.38 49.7 149 15.4 80
KLS23-001 157.95 161.45 3.50 37.9 9.9 62.3 164 17.95 84
KLS23-002 No significant intercepts
KLS23-
002A No significant intercepts
KLS23-003 81.43 85.12 3.69 56.56 10.46 69.0 131 19.18 69
Includes: 83.43 84.12 0.69 218.00 11.00 271.0 493 75.20 251
KLS23-003 173.9 174.14 0.24 383.00 18.50 766.0 1,420 229.00 679
KLS23-004 54 55 1.00 69.60 4.18 105.0 199 29.00 104
KLS23-005 53 61 8.00 56.54 9.55 170.6 328 46.30 160
KLS23-005 75.25 77.68 2.43 97.91 6.38 188.6 385 49.50 172
KLS23-006 43 44 1.00 143.00 2.79 166.0 313 43.80 161
KLS23-006 138.0 139.0 1.00 103.00 6.33 195.0 440 55.30 202
KLS23-007 31 83.8 52.80 113.99 4.87 193.3 420 54.86 194
Includes: 50.24 56.12 5.88 190.74 5.90 294.4 595 83.38 275
Includes: 59.18 62.25 3.07 184.96 4.93 234.2 563 71.64 272
Includes: 72.58 73.75 1.17 277.29 13.57 498.5 1,096 140.40 496
Includes: 79.8 83.8 4.00 214.50 10.29 368.8 772 103.88 359
KLS23-007 109.67 111.73 2.06 188.15 7.59 298.4 637 82.51 304
KLS23-008 111.63 114.63 3.00 56.60 13.67 194 21.50
KLS23-008 159.78 160.47 0.69 239.00 10.70 342.0 777 96.20 354
KLS23-009 No significant intercepts
KLS23-010 No significant intercepts
KLS23-011 138.37 138.75 0.38 7.49 3.77 244 536 68.6 279
KLS23-011 142.80 143.80 1.00 18.00 3.38 132 330 37.7 162
KLS23-011 146.64 147.49 0.85 8.02 4.42 101 227 27.6 115
Overburden Radioactivity Follow Up Program:
At this time, the source and mineralogy of overburden-hosted anomalous CPS values in holes KLS23-007
and KLS23-009 have not been determined (see April 5th, 2023 Traction news release).
• DDH KLS23-007: down-hole gamma ray probing intersected 2 zones of anomalous radioactivity:
Zone 1; 6 metres (1.6 m to 7.6m) within overburden, with values up to 1,254 cps;
• DDH KLS23 -009: downhole probing detected an approximately 69-centimetre interval of
anomalous radioactivity within overburden, extending from 0.023 metres to 0.716 metres with
values ranging from 121 to 236 cps
An overburden testing program is currently being developed to sample and test the shallow, near surface
overburden anomalies at KLS23-007 and KLS23-009. This will be designed to determine the geochemical
signature of overburden-hosted mineralization causing the radioactivity detected by down-hole probing.
Also, it has not been determined whether bedrock intercepts throughout the 2023 drilling represent true
widths of mineralized zones.
Geochemical Assaying
Core samples were submitted to the Saskatchewan Research Council (SRC) Geoanalytical Laboratories in
Saskatoon. The SRC facility is ISO/IEC 17025:2005 accredited by the Standards Council of Canada (scope
of accreditation #537). The samples are analyzed using partial and total digestion inductively coupled
plasma (ICP) methods, for boron by Na2O2 fusion, and for uranium by fluorimetry. Analytical results listed
here were determined by total digestion ICP.
About the Property
The KLS Property is located approximately 6 kilometers to the southwest of the Key Lake uranium mill
and in close vicinity to modern uranium mining facilities and highway transportation in northern
Saskatchewan. Geologically, it is located along southeastern edge of the Proterozoic Athabasca Basin.
About Traction Uranium Corp.
Traction Uranium Corp. is in the business of mineral exploration and the development of uranium discovery
prospects in Canada, including its three 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.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Carl
Schulze, P. Geo., who is a “Qualified Person” as defined by National Instrument 43 -101, Standards of
Disclosure for Mineral Projects and is a Professional Geoscientist in good standing with APEGBC,
APGO and NAPEG and Senior Project Manager at Aurora Geosciences Ltd. Mr. Schulze verified the
data disclosed in this news release, including the sampling, analytical, and test data underlying the
data. Mr. Schulze was physically present during data collection and examined a significant portion of
data obtained directly from drill core via hand-held probes, and was able to verify the data accordingly.
No limitations were imposed upon the data verification process. The quality assurance / quality control
program in relation to data collection and analysis consisted of viewing the down-hole gamma ray
probe data from the “down” and “up” result and employing quality control measures comprised of
careful geo technical and geological logging of all holes . This includes layout of sample intervals,
typically but not limited to 1.0-metre intervals, photographing the core and obtaining duplicate samples
at a rate of 1 per 25 total samples in the sample stream. It is noted that the information herein provides
an indication of the exploration potential of the KLS Property but may not be representative of the
actual extent of mineralization within the property .
On Behalf of The Board of Directors
Lester Esteban
Chief Executive Officer
+1 (604) 561 2687
Forward-Looking Statements
This news release includes forward -looking statements th at are subject to risks and uncertainties,
including with respect to potential uranium mineralization and potential future project economics. The
Company provides forward-looking statements for the purpose of conveying information about current
expectations and plans relating to the future and readers are cautioned that such statements may not be
appropriate for other purposes. By its nature, this information is subject to inherent risks and
uncertainties that may be general or specific and which give rise to the possibility that expectations,
forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may
not be correct, and that objectives, strategic goals and priorities will not be achieved. These risk s and
uncertainties include risks that potential uranium mineralization or future project economics will be less
than believed, or none at all and those risks identified and reported in the Company’s public filings under
the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify
important factors that could cause actual actions, events, or results to differ materially from those
described in forward-looking information, there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no assurance that such information will
prove to be accurate as actual results and future events could differ materially from those anticipated in
such statements. The C ompany disclaims any intention or obligation to update or revise any forward-
looking information, whether as a result of new information, future events or otherwise unless required
by law.
The CSE has neither approved nor disapproved the information contained herein