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    ISO   CA46500E1079

ISOENERGY LTD.

(ISO)
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IsoEnergy Ltd. Expands Hurricane Zone North and South

09/21/2021 | 01:14pm EST

IsoEnergy Ltd. announced initial scintillometer results from summer drilling at the Hurricane zone. Hurricane was discovered in July 2018 and is a high-grade uranium mineralization located on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan. Drill hole LE21-78C1 was completed on section with and 8m south of previously reported drill hole LE20-77 (8.0m averaging 2.6% U3O8). LE21-78C1 intersected 12.0m of uranium mineralization (>500 CPS) from 248.5 to 260.5m, including 2.0m of strong mineralization (>30,000 CPS) from 257.5m to 259.5m. The mineralization in LE21-78C1 has expanded the Hurricane zone 8m to the south on section 4460E. LE21-78C1 also intersected elevated radioactivity in the basement associated with significant structure and alteration, suggesting further potential for southern expansion on this section. Figures 2 and 3 show the location of the drill hole in plan and section view, respectively. Drill hole LE21-80 was completed to test for a north-easterly extension of very strong mineralization intersected by previously reported drill hole LE20-34 (33.9% U3O8 over 8.5m). LE21-80 reached the unconformity 19m east-northeast of LE20-34 and intersected 3.5m of uranium mineralization (>500 CPS) from 326.0m to 329.5m, including 2.0m >5,000 CPS from 326.0 to 328.0m. Figures 2 and 4 show the drill hole in plan and section view, respectively. Drill hole LE21-82 was completed on section with and 26m south of previously reported drill hole LE20-71 (2.0m averaging 2.4% U3O8). LE21-82 intersected 4.5m of uranium mineralization (>500 CPS) from 328.5 to 333.0m, including 1.0m >5,000 CPS from 331.0 to 332.0m. The mineralization in LE21-82 has expanded the Hurricane zone 26m south and the mineralized footprint is now at least 94 metres in width on Section 4485E. Figures 2 and 5 show the drill hole in plan and section view, respectively. Drill hole LE21-84 was completed on section with and 28m north of previously reported drill hole LE20-67 (0.2% U3O8 over 2.0 metres). LE21-84 intersected 3.0m of uranium mineralization (>500 CPS) from 326.5m to 329.5m, including 0.5m >5,000 CPS. The mineralization in LE21-84 expanded the Hurricane zone 28 metres to the north and the mineralized footprint is now at least 93 metres in width on section 4435E. Figures 2 and 4 show the drill hole in plan and section view, respectively. The 100% owned Larocque East property consists of 33 mineral claims totaling 16,780ha. Two of the project's claims distal to the Hurricane zone are subject to a 2% Net Smelter Returns Royalty of which 1% may be bought back for $1Million at IsoEnergy's discretion. Larocque East is immediately adjacent to the north end of IsoEnergy's Geiger property and is 35km northwest of Orano Canada'sMcClean Lake uranium mine and mill. Along with other target areas, the Larocque East Property covers a 15-kilometre-long northeast extension of the Larocque Lake conductor system; a trend of graphitic metasedimentary basement rocks that is associated with significant uranium mineralization at the Hurricane zone, and in several occurrences on Cameco Corp. and Orano Canada Inc.'s neighbouring property to the southwest of Larocque East. The Hurricane zone was discovered in July 2018 and was followed up with 29 drill holes in 2019 and an additional 48 drill holes in 2020. Dimensions are currently 575m along-strike, up to 94m wide, and up to 12m thick. The zone is open for expansion along-strike to the east and to the north and south on some sections. Mineralization is polymetallic and commonly straddles the sub-Athabasca unconformity 320 m below surface. The best intersection to date is 38.8% U3O8 over 7.5m in drill hole LE20-76. Drilling at Cameco Corp.'s Larocque Lake zone on the neighbouring property to the southwest has returned historical intersections of up to 29.9% U3O8 over 7.0m in drill hole Q22-040. Like the nearby Geiger property, Larocque East is located adjacent to the Wollaston-Mudjatik transition zone - a major crustal suture related to most of the uranium deposits in the eastern Athabasca Basin. Importantly, the sandstone cover on the Property is thin, ranging between 140m and 450m in previous drilling.


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Capitalization 398 M 318 M 318 M
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Janine Richardson Chief Financial Officer
Leigh R. Curyer Chairman
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