Core Viewpoint - Homeland Uranium Corp. is advancing its Phase II exploration drilling program at the Coyote Basin Uranium Project, confirming the presence of elevated radioactivity over a significant area and indicating potential for further expansion [1][2]. Drilling Progress - Eight additional Reverse Circulation (RC) drillholes (CB-RC-0035 to CB-RC-0042) have been completed, with approximately 3,400 m (11,155 ft) of the planned 5,300 m (17,388 ft) drilled, representing about 64% completion of the Phase II program [2]. - The recent drillholes were strategically placed to evaluate the lateral extent of anomalous radioactivity, confirming continuity of elevated radioactivity in the area [3][5]. Geological Findings - Elevated radioactivity has been detected at shallow depths, typically between 50 and 100 m (164-328 ft) below the surface, associated with specific rock types such as shales, claystones, and fine-grained sandstones [4]. - The presence of an extensive anomalous horizon has been suggested by the results from the southernmost drillholes, indicating that the anomalous zone may extend further south [5]. Future Plans and Analysis - The company is focused on systematically expanding the footprint of the uranium mineralization while conducting geochemical analyses to better characterize the mineralization [6]. - Geochemical samples from the drillholes have been sent to SGS Laboratories for analysis, with results to be reported once compiled and reviewed [6][12]. Quality Control Measures - All drillholes are logged using a calibrated QL40 SGR Spectral Gamma Ray probe, ensuring accurate measurement of natural radioactivity [8]. - Discrepancies between spectral gamma readings and other testing methods have been noted, necessitating further geochemical and assay sampling to accurately determine uranium grades [11].

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].

Core Insights - Homeland Uranium Corp. has provided an update on the Phase II exploration program at the Coyote Basin Uranium Project, which is fully owned by the company [1][12] Exploration Program Update - The first six of the planned 35 Reverse Circulation (RC) drillholes have been completed, totaling approximately 5,300 meters (17,000 feet) [2] - Drilling is focused on historical resource-bearing locations identified by previous operators and during the company's June mapping and prospecting program [2] Drilling Results - Downhole Spectral Gamma Ray readings from completed drill holes indicate near-surface elevated radioactivity at depths of 50 to 100 meters, correlating with previously identified mineralized horizons [3] - Hole CB-RC-0023 identified multiple zones of elevated radioactivity at depths between 220 and 320 meters (722 to 1,050 feet), which remain open for expansion [4] - Anomalous radioactivity is widely dispersed within shales, claystones, and fine-grained sandstones, suggesting potential for additional uranium mineralization between known horizons [5] Quality Assurance and Analysis - All drillholes are logged using a calibrated QL40 SGR Spectral Gamma Ray downhole probe, which collects continuous spectral gamma measurements [7] - Discrepancies between spectral gamma readings and XRF results indicate that additional geochemical and assay sampling will be necessary for accurate uranium grade determination [9] - Samples from each 5-foot interval of the drill holes have been collected for geochemical analysis and will be sent to SGS Laboratories for testing [10] Historical Resource Information - The Coyote Basin Project is reported to contain an estimated historical resource of 8,850,000 tons grading 0.20% U3O8, totaling approximately 35.4 million pounds of U3O8 [13] - The company is not treating the historical resource estimate as current mineral resources and emphasizes the need for further evaluation before classifying any resources [14]