IsoEnergy Resumes Summer Drilling at Hurricane South Trend with Strong Initial Results; 11,075 cps over 3.5 m, Including 43,160 cps Over 0.5 m, Intersected on South Trend
IsoEnergy reports high-grade scintillometer anomalies at its Hurricane project, though assay results confirming the mineralized widths are currently pending.
IsoEnergy Ltd. (ISO) has resumed summer drilling at its Larocque East project, located on the Hurricane South Trend, following a temporary suspension due to wildfires. The company released handheld scintillometer (RS‑125) counts per second (cps) from four holes, all of which intersected anomalous radioactivity.
- Hole LE26‑250 returned 11,075 cps over 3.5 m, including a peak of 43,160 cps over 0.5 m.
- This intercept was drilled approximately 75 m east of the winter 2026 high-grade intercept (LE26‑248: 4.21% U3O8 over 3.5 m).
- Hole LE26‑251 recorded up to 1,580 cps over 0.5 m.
- Hole LE26‑252 showed weakly elevated readings of 450 cps.
- Hole LE26‑253 recorded 620 cps.
The company also announced land staking of 61,830 hectares, an option agreement covering 31,293 hectares, and the divestiture of the Bulyea River property. No laboratory assay results accompany the radiometric data.
IsoEnergy Ltd. (ISO) resumed drilling operations following a brief stoppage caused by a fire, an operational development that aligns with expectations for a company in its current exploration stage. Radiometric step-out data supports the thesis that the L Fault is a continuous mineralized structure; however, without associated grades, the implications for resource growth remain unquantified.
The market had already priced in the 4.21% U3O8 assay reported in May 2026, which previously drove the stock to C$18. Since that peak, the share has corrected to C$13.45. Additionally, incremental land deals and the Toro close date add to the corporate noise surrounding the company.
IsoEnergy Ltd. (ISO) is a uranium exploration and development company with a flagship asset: the Hurricane deposit (Larocque East, Athabasca Basin, Saskatchewan), the world’s highest average grade indicated uranium resource (48.6 Mlb U3O8 at 34.5%). The project is 40 km from the McClean Lake mill. Additional assets include permitted past-producing mines in Utah (Tony M bulk sample completed) and a pending acquisition of Toro Energy (Wiluna project, Australia). The company holds a strong cash position of C$130.5 million and net cash of ~C$124 million, with NexGen Energy owning ~30%.