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Stallion Uranium Commences Phase 1 Drilling Program on Moonlite Project in Athabasca Basin
Globenewswire· 2026-02-12 15:18
Core Viewpoint - Stallion Uranium Corp. has initiated its 2026 winter diamond drilling program at the Moonlite Project, targeting the Coyote Corridor, which has been identified as a significant structural zone for uranium exploration [1][4]. Drilling Program Details - The drilling program will utilize two diamond drill rigs to complete approximately 4,000 meters, focusing on six to eight drill holes [6][10]. - Drilling is conducted by Base Drilling, a contractor experienced in the Athabasca Basin [3][13]. - The program aims to test high-priority targets characterized by geophysical signatures associated with uranium deposits, including conductive graphitic structures and gravity anomalies [5][11]. Target Characteristics - The Coyote Target is a newly defined structural corridor that has never been drilled before, representing a compelling opportunity for high-grade uranium mineralization [6][10]. - The target area displays geological features similar to those found in other major uranium discoveries in the Athabasca Basin, indicating strong potential for discovery [4][5]. Exploration Rationale - The exploration strategy is based on over a year of integrated geophysical surveys and geological modeling, leading to the identification of a well-defined target for uranium mineralization [6][11]. - The program is designed to refine targeting in real-time as drilling progresses, allowing for adjustments based on immediate results [6][10]. Location and Context - The Moonlite Project is situated in a highly prospective area of the western Athabasca Basin, near several world-class uranium deposits [6][15]. - The project covers 1,700 square kilometers, making it one of the largest contiguous uranium exploration projects in the region [15].
Atomic Minerals Signs Contract for Airborne Gradient Magnetometer Survey at Mozzie Lake Uranium Project
TMX Newsfile· 2026-02-10 14:51
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Atomic Minerals Corporation (TSXV: ATOM) ("Atomic Minerals" or the "Company") announces the signing of the contract to undertake an airborne gradient magnetometer survey at its 26,073.5 hectare Mozzie Lake uranium project located in northern Saskatchewan.Main PointsAtomic has executed the geophysical contract with Axiom Exploration Group Ltd., a multi-faceted geological and geophysical consulting group based in Saskatoon and delivered the ...
Homeland Completes Phase II Drilling at Coyote Basin Confirming Extensive Near-Surface Radioactivity
TMX Newsfile· 2026-02-10 09:00
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) (FSE: D3U) ("Homeland" or the "Company") reports the completion of its Phase II exploration drilling program at the 100%-owned Coyote Basin Uranium Project (the "Project") (see Figure 1).The Company completed 33 drillholes totaling 5,423 metres (17,792 feet) of Reverse Circulation drilling, exceeding the originally planned 5,300 metres (17,388 feet). Phase II drilling was designed to furthe ...
Purepoint Commences 2026 Drilling Program At Dorado Following Nova Uranium Discovery
TMX Newsfile· 2026-01-26 11:30
Core Viewpoint - Purepoint Uranium Group Inc. has commenced drilling at the Dorado Project as part of a joint venture with IsoEnergy Ltd, aiming to expand the high-grade Nova Uranium Discovery and advance other priority targets across the property [1][3]. Winter 2026 Nova Expansion Program - The winter drill program is the first phase of a fully approved multi-campaign exploration initiative at Dorado, following the 2025 Nova Discovery which reported uranium grades of up to 8.1% U₃O₈ over 0.4 meters within 2.1 meters of 1.6% U₃O₈ in hole PG25 07A [2][8]. - Drilling will focus on systematic step-outs along the mineralized structure, specifically targeting the northeastern extension where the strongest uranium mineralization has been found [5][8]. Advancing a District Scale Opportunity - The Dorado Project includes multiple priority target areas characterized by conductive corridors, fault structures, and favorable graphitic lithologies [6][15]. - An airborne magnetotellurics survey is planned for later this winter or early spring to refine deeper structural targets across several grids, supporting ongoing district-scale evaluation of the joint venture land package [6]. Future Plans - A helicopter-supported summer drill program is planned to test additional targets across the Dorado Project, contingent on the results from the winter drilling [7][8]. - The winter program will include up to 10 drill holes totaling approximately 4,300 meters, focusing on the corridor between holes PG25-03 and PG25-07A, which has an 800-meter strike length with the strongest mineralization currently toward the northeast [8].
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].
Cosa Announces Winter 2026 Drilling Plans for Joint Ventures with Denison Mines
TMX Newsfile· 2026-01-21 13:00
Core Insights - Cosa Resources Corp. is set to commence drilling at its Darby and Murphy Lake North projects, which are joint ventures with Denison Mines Corp. The company holds a 70% interest in both projects, while Denison holds 30% [1][3][26]. Drilling Plans - Approximately 2,500 meters of drilling are planned at the Darby project in winter 2026, focusing on high-priority targets identified from previous core relogging and reinterpretation [4][26]. - At Murphy Lake North (MLN), around 1,200 meters of drilling will follow up on summer 2025 results, targeting a gap in drilling due to a lake that prevents summer access [9][11]. Target Areas - The Gamma trend at Darby has over 4 kilometers of conductive strike length, with historical drill holes indicating potential for uranium deposits [4][5]. - Initial target areas at Darby include locations with historical intersections of uranium mineralization and structures that have not been tested [3][4]. - At MLN, the focus will be on the Cyclone trend and an additional parallel trend to the south, where previous drilling has shown promising results [6][15]. Exploration Objectives - The company aims to evaluate high-priority targets under frozen lakes and conduct a property-wide DC-Resistivity survey in spring to identify prospective targets for summer drilling [3][10]. - The winter drilling program at MLN will also assess intensely graphitic rocks and faulting intersected in previous drilling [9][11]. Project Background - The Darby project is located 10 kilometers west of Cameco's Cigar Lake Mine and has multiple prospective conductive trends with historical intersections of weak uranium mineralization [12][26]. - MLN is situated 2.7 kilometers east of the Hurricane deposit, which is known for being the world's highest-grade indicated uranium resource [14][15]. Company Overview - Cosa Resources is a Canadian uranium exploration company with a portfolio of approximately 237,000 hectares in the Athabasca Basin, focusing on underexplored projects [23][24]. - The company has a strategic collaboration with Denison Mines, enhancing its access to highly prospective uranium exploration projects [24].
CanAlaska Plans Large 2026 Exploration Program at West McArthur Joint Venture
TMX Newsfile· 2026-01-06 12:30
Core Insights - CanAlaska Uranium Ltd. is initiating a $15 million exploration program in 2026 to further investigate the high-grade Pike Zone at the West McArthur Joint Venture project in the Athabasca Basin [1][11] - The program will be co-funded by Cameco Corporation and CanAlaska, with a focus on expanding the known mineralization footprint and exploring additional zones of uranium mineralization [1][11] Exploration Program Details - The 2026 exploration program will utilize three drill rigs to conduct step-out drilling from the Pike Zone, targeting areas to the southwest and northeast along the C10S trend [4][10] - The 2025 exploration program successfully expanded the high-grade footprint of the Pike Zone, with significant drill results including 8.6 meters at 34.59% U3O8 and 14.8 meters at 14.71% U3O8 [2][11] - The mineralized footprint of the Pike Zone has been traced over 500 meters, with a 140-meter-long high-grade pod identified [2] Target Areas and Potential - The C10S trend remains largely untested, with approximately 9 kilometers of untested target corridor to the southwest and 6 kilometers to the northeast, indicating significant potential for additional high-grade uranium discoveries [5][6][7] - A ground-based electromagnetic survey will be conducted to investigate the extension of the Epp Lake conductor onto the West McArthur Project, utilizing a modern survey design that previously led to the discovery of the Pike Zone [8] Company Overview - CanAlaska Uranium is a prominent explorer of uranium in the Athabasca Basin, holding approximately 500,000 hectares of uranium properties with a focus on high-grade uranium expansion [12] - The company is fully financed for the upcoming 2026 drill season and aims to advance uranium deposit discovery and delineation in a secure jurisdiction [12]
Kirkstone Metals Announces Staking of Douglas River Uranium Project in the Athabasca Region
Thenewswire· 2025-12-30 07:30
Core Insights - Kirkstone Metals Corp. has announced the acquisition of the Douglas River Uranium Project, enhancing its position in the Cluff Lake uranium district of northern Saskatchewan [1][4]. Project Details - The Douglas River Uranium Project covers approximately 1,326 hectares and is located near the Carswell meteorite impact structure, an area known for its geological significance and historical uranium production [2]. - The project is situated about 7 kilometers south of the decommissioned Cluff Lake uranium mine, which produced approximately 62 million pounds of U₃O₈ from 1980 to 2002 [2][4]. - Exploration interest in the area is driven by subsurface conductive anomalies identified over more than 12 kilometers, discovered by Cogema Resources Inc. during a Geotem Electromagnetic Survey in 1994 [3]. Strategic Implications - With the addition of the Douglas River Project, Kirkstone now holds a total of 8,230.9 hectares in the Cluff Lake district, collectively referred to as the Carswell Complex Project [4]. - The President & CEO of Kirkstone emphasized that acquiring projects near former producers helps to de-risk exploration efforts compared to exploring 'greenfield' sites [4]. - The company plans to conduct a technical review to determine the best approach for advancing the Carswell Complex Project [4].
Skyharbour Closes Acquisition to Consolidate 100% Interest in the Russell Lake Uranium Project
Globenewswire· 2025-12-17 04:00
Core Viewpoint - Skyharbour Resources Ltd. has successfully acquired Rio Tinto Exploration Canada Inc.'s minority interest in the Russell Lake Uranium Project, increasing its ownership to 100% and enhancing its strategic position in the uranium market [1][3][4]. Transaction Details - The acquisition involved purchasing RTEC's approximately 42.3% interest in the Russell Lake Project for a total cash consideration of C$10 million, which included a C$2 million deposit and an C$8 million payment at closing [3]. - Skyharbour has granted RTEC a 0.25% net smelter returns royalty over the Russell Lake Project [4]. Project Overview - The Russell Lake Project spans 73,314 hectares and is located in a strategic area between Cameco's Key Lake and McArthur River Projects, enhancing accessibility due to nearby infrastructure [5]. - The project is characterized as a large, advanced-stage uranium exploration property with significant exploration upside potential [7]. Company Positioning - Skyharbour holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares, and is well-positioned to capitalize on improving uranium market fundamentals [7]. - The company has joint ventures with industry leaders and has signed earn-in option agreements that could lead to over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments [8][9].
Myriad Uranium Earns 75% Interest in Copper Mountain, a Key Milestone for the Company
Newsfile· 2025-12-08 10:30
Core Insights - Myriad Uranium Corp. has successfully earned a 75% interest in the Copper Mountain Uranium Project in Wyoming by investing over $5.5 million under an option agreement with Rush Rare Metals Corp. [1][2] - The CEO of Myriad highlighted that reaching this expenditure threshold is a significant milestone, indicating the project's potential to become one of America's largest uranium projects [2]. Company Overview - Myriad Uranium Corp. is focused on uranium exploration and now holds a 75% interest in the Copper Mountain Uranium Project, which contains several known uranium deposits and historic mines, including the Arrowhead Mine that produced 500,000 lbs of U3O8 [2]. - The Copper Mountain Project has a rich history of exploration, with approximately 2,000 boreholes drilled and significant historical resource estimates, including an estimated C$117 million spent by Union Pacific on exploration and development [2]. - In addition to the Copper Mountain Project, Myriad also holds a 100% interest in the Red Basin Uranium Project in New Mexico, which has near-surface mineralization and significant exploration potential [2].