IsoEnergy Ltd. is a mineral exploration company and subsidiary of NexGen Energy. The company has built a portfolio of early-stage mineral exploration properties in the prolific eastern Athabasca Basin of Saskatchewan, including the Radio and Thorburn Lake Projects.
IsoEnergy has the right to earn a 70% interest in the Radio Property, which is directly adjacent to the Roughrider uranium deposit acquired by Rio Tinto for $587 million in February 2012. Exploration work is underway at Radio with results expected by the end of 2016. The wholly-owned Thorburn Lake Project was once located just 7 kilometers east of and on trend with Cameco Cigar Lake mine. Preliminary exploration work at Thorburn is underway in preparation for a winter 2016/2017 drill program.
IsoEnergy has successfully raised more than $8 million in gross proceeds and is now well-funded to carry out the upcoming exploration programs at both Radio and Thorburn. President and CEO Craig Parry attributes the company ability to raise money in a challenging environment to NexGen success with the high-grade Arrow deposit which hosts an Inferred mineral resource estimate of 3.48 Mt containing 201.9 Mlbs U3O8 grading 2.68% U3O8 including a high-grade core of 0.410 Mt containing 120.5 Mlbs grading 13.26% U3O8.
Arrow is considered one of the best basement-hosted uranium deposits in the Athabasca Basin. Basement-hosted uranium deposits are recognized as cheaper and easier to mine at large depths due to the relatively impermeable basement host-rock compared to the overlying sandstone. IsoEnergy has the support of a top-notch exploration team with a track record of success in targeting basement-hosted mineralization; including Steve Blower, IsoEnergy VP Exploration and Garrett Ainsworth, IsoEnergy Director and VP Exploration and Development for NexGen Energy.
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Managed & Built by I2M Consulting, LLC | © 2010-