en.Wedoany.com Reported - At the Hurricane Deposit in the Athabasca Basin of Saskatchewan, Canada, IsoEnergy Ltd. has achieved significant exploration progress within the newly identified L Shear Zone. Drill hole LE26-248 recorded a radiometric reading of 11,275 cps over a 3.5-meter interval, including a high-grade section of 1.0 meter at 30,050 cps, with localized readings exceeding the instrument's range at 65,500 cps. This discovery is located within the existing low-grade portion of the Hurricane Deposit, at the unconformity contact, displaying characteristics of a well-developed uranium-bearing hydrothermal system.
Based on positive interim results, IsoEnergy has expanded its winter drilling program from the originally planned 13 holes (5,200 meters) to 17 holes (6,804 meters), focusing on exploring the L Shear Zone. Along the southern trend, four holes extending eastward from LE26-248 all returned elevated radioactivity, confirming mineralized material spans a continuous corridor of 540 meters. Drill hole LE26-239 on the northern trend also recorded significant radioactivity, adding evidence for uranium mobility along the northern trend.
The Hurricane Deposit currently holds an indicated resource of 48.6 million pounds of U₃O₈ at a grade of 34.5% U₃O₈, making it one of the world's highest-grade indicated uranium resources. This new discovery in the L Shear Zone further expands the mineralization extent of the Hurricane Deposit, demonstrating the region's significant exploration potential. Assay results for all winter drill holes are pending at the Saskatchewan Research Council Geoanalytical Laboratories to confirm exact grades.
IsoEnergy plans to design follow-up drilling activities for the summer of 2026 based on assay results, focusing on testing the strike length and geometry of the L Shear Zone, filling gaps between mineralized intercepts, and pinpointing optimal structural targets. This exploration progress not only strengthens the company's confidence in the Hurricane Deposit but also brings new supply expectations to the global uranium market.
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