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The latest announcement is out from Valleyview Resources Ltd. ( (TSE:HLU) ).
Homeland Uranium Corp. has confirmed the southward continuity of an anomalously radioactive, near-surface horizon at its Coyote Basin Uranium Project, with six additional reverse circulation drillholes extending the interpreted mineralized strike by about 200 metres and defining anomalous radioactivity over an area of roughly 1,000 by 200 metres that remains open in all directions. The consistent dip, geometry and lithological setting between the new southern drill fence and the earlier northern section strengthen the company’s exploration model and bolster confidence in a laterally extensive uranium-bearing horizon, while geochemical samples have been sent to SGS Laboratories for assays that will be necessary to accurately determine uranium grades given potential disequilibrium, ahead of a planned resumption of drilling after a brief holiday pause.
More about Valleyview Resources Ltd.
Homeland Uranium Corp. is a Vancouver-based exploration company focused on advancing its 100%-owned Coyote Basin Uranium Project, targeting sandstone-hosted uranium mineralization within the Fort Union Formation. The company is pursuing near-surface uranium resources, with drilling designed to test the continuity and extent of radiometric horizons that could support future resource delineation in a key North American uranium district.
Average Trading Volume: 509,719
Technical Sentiment Signal: Buy
See more data about HLU stock on TipRanks’ Stock Analysis page.