Sign in Subscribe
Mining industry

Homeland Uranium Corp. Announces Notice of Intent to Conduct 36-Hole Drill Program at Coyote Basin Uranium Project

Strategic Insights

— 1 min read

Homeland Uranium Corp. has announced its intention to conduct a 36-hole, 6,000 m/19,685 ft rotary drill program at its Coyote Basin Uranium Project in northwestern Colorado. This program aims to confirm the presence of uranium mineralization discovered by previous operators in the 1970s and determine the location of higher-grade zones within the known mineralized horizons. The Phase II 2025 exploration campaign is focused on bringing the historical uranium and vanadium resources to compliance with National Instrument 43-101.

Key Takeaways:

  • The drill program is designed to confirm the presence of uranium mineralization and determine the location of higher-grade zones within the known mineralized horizons.
  • The Coyote Basin Project is estimated to contain a historical resource of 8,850,000 tons grading 0.20% U3O8 and 0.10% V2O5, totaling 35.4 million pounds of U3O8 and 17.7 million pounds of V2O5.
  • The historical resource estimate was calculated by the previous project operator, Western Mining Resources, based on surface sampling, coring, drill hole chip sampling, and gamma logging of 24 widely spaced holes.
  • The Company is not treating this historical resource as current mineral resources and the reader is cautioned not to rely on it.
  • The Phase II exploration program is focused on bringing the historical uranium and vanadium resources to compliance with National Instrument 43-101.
  • Axiom Exploration Group, the Company's consultant on the Phase I Exploration Mapping Program, has confirmed the presence and physical location of the exposed radioactive stratigraphic horizons discovered in the 1970s.
  • The horizons are variably anomalous, confirmed roughly parallel, and verified continuous nearly over the entire north-south length of the property.

Statistics:

  • 36-hole drill program planned for the Coyote Basin Uranium Project.
  • Total drilling distance of 6,000 m/19,685 ft.
  • Phase II 2025 exploration campaign focused on bringing the historical uranium and vanadium resources to compliance with National Instrument 43-101.
  • Historical resource estimate of 8,850,000 tons grading 0.20% U3O8 and 0.10% V2O5, totaling 35.4 million pounds of U3O8 and 17.7 million pounds of V2O5.
  • 400 cps radioactivity levels measured using a CT007-M microR Meter.
  • 0.146% U3O8 concentrations in outcrop samples from W.M.R. internal report.

Sources:

  • Homeland Uranium Corp. news release, July 9, 2025.
  • Energy Metals Corporation Management Discussion and Analysis, November 14, 2006.
  • W.M.R. internal report, Executive Summary, Coyote Basin Uranium District, Moffat and Rio Blanco Counties, State of Colorado, 1980.

Read more