Homeland Confirms Southward Continuity of Anomalous Radioactivity at the Coyote Basin Uranium Project

Core Insights - Homeland Uranium Corp. has provided an update on the Phase II exploration drilling program at the Coyote Basin Uranium Project, indicating progress in understanding the mineralized horizon [1][5]. Drilling Program Update - Six additional Reverse Circulation (RC) drillholes (CB-RC-0029 to CB-RC-0034) have been completed, totaling approximately 5,300 meters (17,500 feet) [2]. - The new drillholes were spaced 200 meters (656 feet) apart and located 200 meters (656 feet) south of previously reported sections [2]. - The results from these drillholes confirm the southward continuity of an anomalously radioactive horizon over an interpreted strike length of approximately 200 meters (656 feet) [4]. Geological Findings - Anomalous radioactivity has been defined over an area of approximately 1,000 meters (3,280 feet) by 200 meters (656 feet), remaining open for expansion in all directions [4]. - The dip and geometry of the radiometric response are consistent with those identified in earlier drilling, indicating a laterally extensive mineralized horizon [5]. Future Plans - The company plans to test a third fence of drillholes approximately 200 meters (656 feet) south of the newly drilled section [5]. - Geochemical samples from the completed drillholes have been sent to SGS Laboratories for analysis, with results expected to be reported after review [6]. Quality Assurance Measures - All drillholes are logged using a calibrated QL40 SGR Spectral Gamma Ray downhole probe to collect continuous spectral gamma measurements [8]. - The company has collected samples from each 5-foot interval for geochemical analysis, ensuring adherence to quality standards [11]. Historical Resource Context - The Coyote Basin Project is reported to contain an estimated historical resource of 8,850,000 tons grading 0.20% U3O8, totaling 35.4 million pounds of U3O8 [14].