resx18
2年前
Nice news $TRCTF CALGARY, Alberta, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) (FRA: Z1K) (the “Company” or “Traction”), a mineral exploration company focusing on the development of discovery prospects in Canada including its two flagship uranium projects in the world-renowned Athabasca Region, is pleased to announce receipt of access and permission from the Saskatchewan Ministry of Highways allowing the Company to utilize a lease located near the Key Lake South Project (KLS) to use as a temporary drilling camp beginning February 1st, 2023 to July 31st, 2024.
Lester Esteban, Chief Executive Officer, stated, “After our team discovered the high-grade uranium mineralization (see Traction News Release dated November 13th, 2022) in the ‘black soil’ and the ‘radioactive swamp’, we have been busy preparing to drill underneath. The ‘black soil’ is of special interest to our team as this is not the first time it has been encountered, in the 70’s Uranerz encountered radioactive soil and drilled underneath, this led to the discovery of the Key Lake deposits. Access to our KLS Project is simple, right off the highway and lends to inexpensive drilling as we do not need helicopter support or ice roads to get to our project. Securing access with the Ministry of Highways to provide us with an area for a temporary camp off the highway means we can mobilize to KLS all year round.”
resx18
2年前
CALGARY, Alberta, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) and Ugreenco Energy Corp. have completed Phase 2 of their fall kick-off ground program at their Key Lake South (KLS) uranium project in Canada’s Northern Saskatchewan world renowned Athabasca Basin and is pleased to announce the Ground Gravity Survey identified broad gravity lows which coincide with the distribution of surface uranium anomalies from the initial Phase 1 (boulder prospecting, mapping and sampling) Program and with historical gamma-ray spectrometric surveys (please refer to Traction’s news release dated September 27th, 2022).
Lester Esteban, Chief Executive Officer stated, “Our KLS Project continues to demonstrate great potential as we progress towards diamond drilling in the coming months. Being thorough and methodical in executing Phase 1 and 2 of our field programs to ensure we are refining and defining our exploration area is crucial in creating a high priority drill package to go after this winter. Gravity surveying is a critical vectoring technique which has been utilized in the discovery of several uranium deposits in the Athabasca Basin. The gravity low anomalies identified by these surveys may point to the presence of fault structures prospective for uranium mineralization. Having identified broad gravity lows that coincide with the radioactive swamp and black soil our team discovered in Phase 1 demonstrates that our team is on the right path to unlocking the potential at KLS.”
About Phase 2:
MWH Geo-Surveys was contracted to complete the ground gravity survey program with crew mobilization on September 29th, 2022. A total of 833 unique gravity stations and 22 repeats were collected over an area of approximately 4.15 kilometers, with the goal of defining alteration zones in the basement rock.
Broad gravity lows have been identified on the Bouguer Gravity map after terrain corrections (Figure 1). Surface anomalies such as radioactive “black soil” and “swamp” from the Phase 1 Program (boulder prospecting, mapping and sampling) and historical airborne gamma-ray spectrometric surveys distribute along the edge of gravity lows, which indicates their relationship with alteration zones in the basement rock.
With Phase 1 and Phase 2 field programs complete, data interpretation is underway to define drill targets for the upcoming diamond drill program.
figure one
Figure 1. Bouguer gravity after terrain corrections. Red shaded areas represent surface uranium anomalies (uranium content >2.345 ppm) from the airborne gamma-ray spectrometric survey (Ford et al., 2006), and black squares represent surface radioactive anomalies discovered in Phase 1 of the fall program.
Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9a71eae3-fa92-4ed8-bd26-06f020e15746