Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) (FSE: D3U) (“Homeland” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Shift Exploration Inc. (“Shift”) is now fully permitted to commence an inaugural drill program for the 100%-owned Cross Bones Uranium Project in Moffat and Rio Blanco Counties, Colorado. All federal and state approvals have been received from both the US Bureau of Land Management and the Colorado Division of Reclamation, Mining and Safety for up to 30 diamond drill holes. The permits are valid through June 2028.
The permitted drill program will be conducted in two phases, which combined will be part of the work required to validate the historical Cross Bones Uranium Deposit (see Figure 1). The first phase of the program will consist of 4-6 drill holes designed to twin historical holes drilled in 1977-78 by previous explorers Anschutz Uranium Corp. and Ashland Minerals and will begin the process of confirming continuity in the core of the known deposit area. Phase I is expected to commence in the fall once a drilling contractor is selected. The second phase of the drill program will follow the Company’s receipt of the Phase I results to confirm the validity of the Company’s Cross Bones historical drilling dataset.
Roger Lemaitre, President and CEO of Homeland, stated, “With the recent acquisition of historical datasets, the preliminary results of our May mapping and prospecting program confirming the presence of radioactive outcrops in the Cross Bones Uranium Deposit area, and of course the Company’s discovery of the new East Ridge Showing, the Cross Bones Project has quickly evolved into an exciting and compelling exploration property. With permits now in hand, we eagerly anticipate the commencement of the Phase I drilling campaign this fall.”
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