About the Upcoming KLS Drill Program:
Phase 1 Diamond Drilling is planned with 2,000 metres, targeting areas with extreme surface uranium anomalies including the “black soil” anomaly, the “radioactive swamp” and the “Athabasca Sandstone” mapped in 1973 (AR 74H04-0013). Most of the drill targets are situated at the edge of the broad gravity-lows identified in the ground gravity survey of 2022 (see Figure 1).
About the “Black Soil” and “Radioactive Swamp”:
The previously unknown radioactive anomalies discovered by Traction’s exploration team during the ground program of 2022 (see Traction News Release dated
Drill Targets (Figure 1):
Figure 1. The Proposed Phase 1 Diamond Drilling of 2023. Black dots represent proposed drill collars, green squares represent surface radioactive anomalies discovered in the ground program of 2022, red shaded areas represent surface uranium anomalies (uranium content >2.345 ppm) from the airborne gamma-ray spectrometric survey (
Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4a0c70b2-181d-43ab-918a-5a4edadca6f7
About the Property
About
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The technical content of this news release has been reviewed and approved by
On Behalf of The Board of Directors
Chief Executive Officer
+1 (604) 561 2687
info@tractionuranium.com
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the effect of the advertising campaign and the receipts of regulatory and shareholder approval of the RSUs are “forward-looking statements”. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
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![](https://ml.globenewswire.com/media/MGJiYTAyYWEtYzViNi00M2ZhLTkwMjEtZGIzOGQ3Zjk3YmQxLTEyNDQ0MjU=/tiny/Traction-Uranium-Corp-.png)
Figure 1
![](https://ml.globenewswire.com/media/4a0c70b2-181d-43ab-918a-5a4edadca6f7/medium/figure-1.jpg)
The Proposed Phase 1 Diamond Drilling of 2023. Black dots represent proposed drill collars, green squares represent surface radioactive anomalies discovered in the ground program of 2022, red shaded areas represent surface uranium anomalies (uranium content >2.345 ppm) from the airborne gamma-ray spectrometric survey (Ford et al., 2006), and the black shaded area represents the “Athabasca Sandstone” mapped from cobbles in till in 1973 (AR 74H04-0013). Actual location of drill collars may change upon ground conditions in the field.
2023 GlobeNewswire, Inc., source