Ground Geophysics Underway at Murphy Lake, 5 km from IsoEnergy's Hurricane Deposit
UraniumX Discovery Corp. (CSE: STMN) (OTCID: STMXF) (FSE: Q7S) announces that a ground geophysical survey is underway at the Murphy Lake Property in Saskatchewan's Athabasca Basin, with field crews on site refining drill targets ahead of a planned spring 2026 drill program. The program is being operated by F4 Uranium Corp. and fully funded by UraniumX under the terms of the Company's option agreement with F4.
CEO Commentary
"F4's 2022 drilling showed us uranium mineralization in a deformation zone at the unconformity, with the alteration signatures we want to see in this part of the Basin. What the previous programs lacked was tight enough geophysical coverage between the two conductor corridors to know exactly where to put the next holes, which is what this MLEM program is addressing."
Esen Boldkhuu, CEO
Survey Details
- EarthEx Geophysical Solutions conducting a 4-line, 9.2 line-km Moving Loop Electromagnetic (MLEM) survey
- Designed to tighten survey line spacing around two known prospective conductor systems
- Objective: resolve conductor geometry with sufficient precision to position drill collars for spring 2026
Previous Results
- F4's 2022 program: 14 drill holes, 6,850 metres total
- ML22-006: 0.065% U3O8 over 2.5m (322.5 - 324.5m), including 0.242% U3O8 over 0.5m, within a 4.2m deformation zone at the unconformity
- ML22-012: 56 ppm U over 0.5m in sandstone above unconformity, located 1.4 km north - suggests strike extent along conductor corridor
Flow-Through Financing
- Non-brokered private placement of up to 8,823,529 flow-through shares at $0.17/share
- Gross proceeds up to $1,500,000
- Directed toward exploration at Murphy Lake and Zoo Bay
Next Steps
- MLEM results to be integrated with existing data to build refined 3D geological model
- Target selection and drill program planning update to follow
- Spring 2026 drill program planned
Qualified Person
The technical information in this news release has been reviewed and approved by Ken Wheatley, P.Geo., an independent qualified person as defined by National Instrument 43-101.
Mineral Resource Cautionary: The Company has not defined any mineral resources or mineral reserves on any of its properties. There is no guarantee that exploration will result in the discovery of an economic mineral deposit.
Adjacent Properties: References to mineralization, deposits, mines, and resources on adjacent or nearby properties are for geological context only. Mineralization on adjacent properties is not necessarily indicative of mineralization on the Company's properties.