CALGARY, Alberta, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) and Ugreenco Energy Corp. have completed Phase 2 of their fall kick-off ground program at their Key Lake South (KLS) uranium project in Canada’s Northern Saskatchewan world renowned Athabasca Basin and is pleased to announce the Ground Gravity Survey identified broad gravity lows which coincide with the distribution of surface uranium anomalies from the initial Phase 1 (boulder prospecting, mapping and sampling) Program and with historical gamma-ray spectrometric surveys (please refer to Traction’s news release dated September 27th, 2022).
Lester Esteban, Chief Executive Officer stated, “Our KLS Project continues to demonstrate great potential as we progress towards diamond drilling in the coming months. Being thorough and methodical in executing Phase 1 and 2 of our field programs to ensure we are refining and defining our exploration area is crucial in creating a high priority drill package to go after this winter. Gravity surveying is a critical vectoring technique which has been utilized in the discovery of several uranium deposits in the Athabasca Basin. The gravity low anomalies identified by these surveys may point to the presence of fault structures prospective for uranium mineralization. Having identified broad gravity lows that coincide with the radioactive swamp and black soil our team discovered in Phase 1 demonstrates that our team is on the right path to unlocking the potential at KLS.”
About Phase 2:
MWH Geo-Surveys was contracted to complete the ground gravity survey program with crew mobilization on September 29th, 2022. A total of 833 unique gravity stations and 22 repeats were collected over an area of approximately 4.15 kilometers, with the goal of defining alteration zones in the basement rock.
Broad gravity lows have been identified on the Bouguer Gravity map after terrain corrections (Figure 1). Surface anomalies such as radioactive “black soil” and “swamp” from the Phase 1 Program (boulder prospecting, mapping and sampling) and historical airborne gamma-ray spectrometric surveys distribute along the edge of gravity lows, which indicates their relationship with alteration zones in the basement rock.
With Phase 1 and Phase 2 field programs complete, data interpretation is underway to define drill targets for the upcoming diamond drill program.
figure one
Figure 1. Bouguer gravity after terrain corrections. Red shaded areas represent surface uranium anomalies (uranium content >2.345 ppm) from the airborne gamma-ray spectrometric survey (Ford et al., 2006), and black squares represent surface radioactive anomalies discovered in Phase 1 of the fall program.
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