Homeland Completes Phase II Drilling at Coyote Basin Confirming Extensive Near-Surface Radioactivity

Core Viewpoint - Homeland Uranium Corp. has successfully completed its Phase II exploration drilling program at the Coyote Basin Uranium Project, which is expected to enhance the understanding of the project's mineralization and guide future exploration efforts [1][3]. Drilling Program Overview - The company completed 33 drillholes totaling 5,423 metres (17,792 feet) of Reverse Circulation drilling, surpassing the initial target of 5,300 metres (17,388 feet) [2]. - The Phase II drilling aimed to further assess a near-surface mineralized trend containing an inferred historical resource of 35.4 million pounds of U₃O₈ and 17.7 million pounds of V₂O₅ [2][13]. Central Project Area Findings - In the central area, ten drillholes were completed, targeting historical mineralization defined by Western Mining Resources [4]. - Results indicated a continuous near-surface interval of elevated radioactivity from surface to depths of approximately 50 metres (164 feet) to 150 metres (492 feet), covering an area of about 800 metres (2,624 feet) by 400 metres (1,312 feet) [5]. Southern Project Area Findings - The southern area drilling included 23 drillholes, revealing a laterally continuous horizon of elevated radioactivity over an area of approximately 1,000 metres (3,280 feet) east-west by 600 metres (1,968 feet) north-south [6]. - Anomalous values in this area typically ranged from 400 to 600 counts per second (cps), with a peak value of approximately 2,300 cps recorded over a 10-centimetre interval [7]. Quality Assurance Measures - All drillholes were logged using a calibrated QL40 SGR Spectral Gamma Ray downhole probe, ensuring continuous spectral gamma measurements [8]. - Geochemical samples from each 5-foot interval of the drill holes have been sent to SGS Laboratories for analysis, which is certified under ISO 17043 [10]. Company Background - Homeland Uranium is focused on becoming a leading US-based uranium explorer and developer, owning the Coyote Basin and Cross Bones uranium projects in northwestern Colorado [12].