A sonic drill has arrived on site to complete a 2,000 metre program, searching for the source of the Isle Brochet radioactive boulders, grading up to 8.23% U3O8.
(Calgary, AB): Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that the 2024 winter drill program at the Hearty Bay project is underway with the arrival of the Boart Longyear drill crew on site. The program is designed to find the source of the uriniferous boulder trains located on Isle Brochet which historic drill programs couldn’t. The recently completed gravity survey (see News Release of January 30, 2024) has provided excellent targets for the program that remain untested by the historic drill programs.
A total of 2,000 metres of drilling is planned using a Boart Longyear sonic rig that can sample the overburden (following the boulder train under the ice) and then switch over to core sampling once the bedrock is intersected. This should help trace the location of the boulders within the overburden under the lake to the source area, which should be defined by one of the gravity low targets defined by this winter’s survey (see Figure 1). The program should be completed by the end of March, dependant on ice conditions.
Boart Longyear is the drill contractor, overburden experts are provided by Palmer Geotechnical Consultants Inc., F3 is the program operator and technical guidance will be given by Rock U Consulting (K Wheatley), Technical Advisor to Traction Uranium.
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 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 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.
On Behalf of The Board of Directors
Lester Esteban
Chief Executive Officer
+1 (604) 425 2271
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, 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 definitive option agreement respecting the Properties, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently 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 regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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