Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) (FSE: D3U) (“Homeland” or the “Company“) is pleased to announce that the Company’s drill contractor has mobilized to site and that drilling has commenced on the Phase II exploration program at the 100% owned Coyote Basin Uranium Project.
The Phase II exploration drilling program consists of two parts. Part 1 will consist of the drilling of approximately 35 reverse circulation holes totaling approximately 17,000 ft (5,300 m) that will be focused on the key historical resource-bearing locations identified by previous operators and during the Company’s June mapping and prospecting program (see Figures 1 and 2). Drilling under Part 1 of the Phase II program is anticipated to take six to eight weeks to complete. The entire Phase II exploration plan to evaluate the historical resource estimate at Coyote Basin consists of 50 to 70 holes totaling approximately 33,000 ft (10,000 m). The location of all Part 2 holes will be contingent on the results of Part 1 and will require a separate exploration permit from the BLM and DMRS.
“Homeland and our shareholders have been eagerly anticipating the commencement of our maiden drilling campaign at Coyote Basin since the inception of the Company in March. Our initial drilling efforts will focus on the southernmost two of the three mineralized areas defined in the late 1970s by the previous operator Western Mining with the objective of initiating the conversion of the known historical uranium resources to modern resource standards,” stated Roger Lemaitre, President and CEO, Homeland Uranium.
Holes drilled during the maiden drilling program will be spaced approximately 200 m apart. Each hole will be probed using a wireline gamma tool which can detect uranium in-situ and all cuttings will be scanned using a handheld X-Ray Fluorescence Spectrometer as a tool to enhance sample selection for assaying.
Coninue at Homeland Uranium
