Uranium disequilibrium
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Homeland Expands Drilling to Central Area of Coyote Basin Uranium System
TMX Newsfile· 2026-01-22 09:00
Core Viewpoint - Homeland Uranium Corp. is advancing its Phase II exploration drilling program at the Coyote Basin Uranium Project, with significant progress reported in drilling and the identification of elevated radioactivity in the project area [1][2][6]. Drilling Progress - The Phase II drilling program has completed approximately 3,777 metres (12,392 feet) out of a planned 5,300 metres (17,388 feet), representing about 71% completion [2]. - Five additional Reverse Circulation drillholes (CB-RC-0043 to CB-RC-0047) have been completed, with drilling now shifting to the central portion of the project [2][5]. Radioactivity Findings - Drillholes CB-RC-0043 to CB-RC-0045 have shown a laterally continuous horizon of elevated radioactivity extending approximately 1,000 metres (3,280 feet) east-west and 600 metres (1,968 feet) north-south, remaining open for further expansion [3]. - Elevated radioactivity is typically found at depths of approximately 50 to 100 metres (164-328 feet) below the surface, primarily within shales, claystones, and fine-grained sandstones of the Upper Member of the Fort Union Formation [4]. Historical Resource Context - The project area is associated with a historical resource estimate of 8,850,000 tons grading 0.20% U₃O₈, totaling approximately 35.4 million pounds of U₃O₈, calculated by a previous operator based on a 1978-79 program [14]. - The presence of elevated radioactivity in the current drilling is consistent with historical drilling results, providing confidence in the continuity of the mineralized system [6]. Future Plans - The company aims to systematically expand the footprint of the anomalous horizon while advancing geochemical analysis to better characterize uranium mineralization [6]. - Geochemical samples from the completed drillholes have been sent to SGS Laboratories for analysis, with results to be reported once compiled and reviewed [6][11].