Drill Results
Homeland Identifies New Radiometric Surface Showing at the Cross Bones Uranium Project, Colorado
New Surface Radiometric Anomaly Discovered at Cross Bones Project Extends Drill Target Zone in Colorado
Executive Summary
- Homeland Uranium Corp. completed a spring 2026 geological mapping and radiometric surveying program at its 100%-owned Cross Bones Uranium Project in Colorado.
- The program identified a new 500m-long surface radiometric anomaly dubbed the East Ridge Showing, located ~4.5 km ESE of the historical Blue Flame Adit.
- Outcrop radioactivity at East Ridge reached up to 3,400 cps, significantly above background levels of 25-80 cps.
- Elevated radioactivity was also confirmed near the Blue Flame Adit (up to 4,000 cps) and in Area 2B (~600 cps).
- 67 rock samples exhibiting elevated radiometric response were submitted to Paragon Geochemical Laboratories for 48-element multi-acid digestion and ICP-MS analysis.
- The discovery follows a mapping program initiated on May 5, 2026, and validates the acquisition of historical datasets from February 2026.
- This exploration shift to Cross Bones occurs after disappointing initial geochemical assays from the Coyote Basin project in April 2026, which returned uranium concentrations ≤30 ppm U.
Material Impact
- The East Ridge Showing represents a genuine geological extension of known uranium mineralization along strike of the Cross Bones Deposit.
- Surface radiometric anomalies are encouraging but do not equate to economic grades or a defined resource.
- The discovery provides management with higher-priority targets to refine the upcoming Phase III drill program slated for H2 2026.
- It does not alter near-term cash flows, operational milestones, or valuation, as assay results and drill results are still pending.
- The news is a direct follow-up to the May 5 operational update and fits within the company's stated exploration roadmap.
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Company Overview
- Homeland Uranium Corp. is a pre-revenue junior exploration company focused on acquiring and advancing uranium projects in mining-friendly jurisdictions.
- Flagship properties are located in northwestern Colorado and include the Coyote Basin and Cross Bones (formerly Skull Creek) projects.
- Coyote Basin hosts a historical resource estimate of 8.85M tons at 0.20% U3O8. Recent Phase II drilling confirmed near-surface radiometric continuity, but initial assays returned low grades.
- Cross Bones was acquired in October 2025 and includes the historical Cross Bones deposit. The property is being mapped and sampled to refine drill targets for a planned H2 2026 program.
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May 05, 2026 · 08:01