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Commencement of KLS Phase I Diamond Drill Program By Traction Uranium

Traction Uranium Corp. (the “Company” or “Traction”) is delighted to declare, along with UGreenco Energy Corp., the finishing of the temporary work camp and arrival of both the drill crew and geological team to the Key Lake South (“KLS”) Project.

Key Lake South Project Temporary Work Camp Facilities. Image Credit: Traction Uranium Corp.

The winter 2023 KLS diamond drill program will look into the “radioactive black soil” that had assayed high-grade uranium mineralization (0.93 wt. % U308 and 1180 ppm Cobalt) discovered around the surface in the till/overburden and a “radioactive swamp” found in fall of 2022.

For 10 high-priority targets, Phase 1 diamond drilling is scheduled for a total of around 2,000 m. The majority of the drill targets are located at the edge of the broad gravity-lows found in the ground gravity survey of 2022 and targeting areas with high surface uranium anomalies mapped in 1973, which could be seen on Assessment Report # 74H04-001 on the Saskatchewan Mineral Assessment Database (SMAD).

The radioactive anomalies, which were previously unrecognized, were found by the exploration team of Traction during the 2022 ground program. These anomalies are of special interest. High-grade uranium mineralization was found in the SRC analysis results of sampling of the “black soil,” where the horizon was observed with a thickness of around 30 cm.

The “radioactive swamp” is now accessible as the ground is frozen. For the company’s team, this is another high-priority drill target. To commence coring, drill crews are mobilizing equipment to the first drill target.

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