Homeland Uranium Corp. (TSXV: HLU) (OTCQB: HLUCF) reported initial results from Part 1 of its Phase II drilling program at the Coyote Basin uranium project, a 100% owned asset located in northwestern Colorado. The six drill holes completed of the planned 35 Reverse Circulation (RC) holes as part of a roughly 5,300-meter program indicate near-surface radioactivity aligns with historical horizons and that deeper anomalous zones exist and remain open for expansion.
Downhole spectral gamma readings show elevated activity at shallow depths of about 50 to 100 meters, consistent with mineralized horizons identified in 1979. At greater depths, zones of elevated radioactivity were detected between 220 and 320 meters, offering potential expansion opportunities as drilling continues.
The company collected samples every five feet for laboratory assays, as spectral gamma data and X-ray fluorescence (XRF) results have shown discrepancies and possible uranium disequilibrium. While gamma readings help map radiometric horizons and tie back to historical data, chemical assays are required to determine true uranium grades.
Phase II drilling focuses on the northern end of the southern historical resource area and is intended to refine the geological model and evaluate the potential for additional mineralization beyond the shallow horizons. Homeland emphasized that the current results are not NI 43-101-compliant resource estimates and that further work is necessary to determine true widths and grades.
Quality Assurance/Quality Control measures include radiometric logging with a calibrated downhole gamma tool, cross-checked against laboratory assay data from prior intervals. The company noted that uranium disequilibrium, observed in nearby deposits, can affect the direct conversion of gamma readings to uranium concentrations, underscoring the need for laboratory assays to confirm grades. Samples from each interval are being assayed at a certified laboratory in Ontario, ensuring participation in rigorous proficiency testing programs.
Homeland’s Project Overview and Context
Homeland Uranium is a focused uranium explorer and developer with full ownership of the Coyote Basin and Cross Bones projects. The Coyote Basin project has historical resource data dating back to the late 20th century; however, Homeland cautions that those historical figures are not current NI 43-101 resources and should not be treated as such. A Qualified Person has reviewed the technical content of the release, and the company intends to continue Phase II drilling to build a more complete picture of the mineralization potential.
Technical and Market Context
Drilling and sampling at Coyote Basin are designed to de-risk the prospect by expanding known horizons and testing deeper zones that could host additional uranium mineralization. The use of downhole spectral gamma tools in conjunction with confirmatory chemical assays reflects best practices for sandstone-hosted uranium exploration, where mineralization can be subject to disequilibrium and may not be immediately reflected in gamma data alone. Positive results could feed into a broader strategic narrative around domestic uranium supply, particularly given the ongoing emphasis on energy security and the role of uranium in low-carbon generation.
Next Steps and Outlook
Homeland plans to complete the remaining RC holes in the Phase II program, with total drilling around 5.3 kilometers. Upon receipt of laboratory assay results, the company will refine its geological model and assess the potential for a resource estimate in line with regulatory standards. While early-stage results are encouraging, investors should note that significant work remains to convert initial radiometric signals into a compliant resource estimate, including establishing true thicknesses, continuity, and grade continuity across the project area.
About Homeland Uranium
Homeland Uranium is pursuing uranium exploration in the United States with a focus on near-term growth through exploration and potential development. The Coyote Basin project sits within a broader portfolio that includes other uranium assets in the region. The company will advance work through a disciplined drill program, laboratory analyses, and independent reviews to determine the feasibility and potential scale of any resource in accordance with applicable reporting standards.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/14535.html
