Homeland Uranium Corp. (TSXV: HLU | OTCQB: HLUCF | FSE: D3U) has announced results from a resampling program at its Cross Bones Uranium Project in northwestern Colorado, confirming historical uranium and vanadium grades from BlueRock Resources' 2006–07 exploration program. Notably, a previously unreported interval in historical hole SC-07-06B returned 15.5 metres averaging 0.049% uranium and 0.135% vanadium from near surface. The results bolster confidence in the geological database underpinning the company's planned 30-hole drill program, the first phase of which involves 4–6 holes.

Key Points

  • Homeland Uranium Corp. (TSXV: HLU | OTCQB: HLUCF | FSE: D3U)
  • Resampling of BlueRock's 2006–07 drill core at Cross Bones confirmed uranium-vanadium mineralisation, with a previously unassayed interval in hole SC-07-06B returning 15.5 m at 0.049% U and 0.135% V
  • Check assays from holes SC-06-01B, SC-06-02, SC-06-03, and SC-06-03A closely matched or exceeded corresponding historical BlueRock results
  • Investors may be watching for drill results from the permitted Phase I program of 4–6 holes targeting historical mineralised intervals

Previously Unassayed Hole SC-07-06B Yields New Uranium-Vanadium Interval

Historical hole SC-07-06B had no assay data in the BlueRock dataset acquired by Homeland, nor in any publicly available disclosure the company identified. Accordingly, Homeland characterises the 15.5-metre interval — grading 0.049% uranium and 0.135% vanadium from 14.0 to 29.5 metres depth — as new assay data rather than a verification result. The company's release states that core recovery for this hole was reported at 70% in 2006 drilling logs, and that composited intervals were calculated using a cut-off grade of 0.001% uranium. True thickness of the interval is not yet known.

Check Sampling Validates BlueRock's 2006 Historical Assay Database

Resampling of four other historical holes produced results broadly consistent with the original BlueRock assay data. Hole SC-06-02 reproduced BlueRock's 0.034% U₃O₈ grade over a comparable 4.7-metre interval almost exactly. Holes SC-06-03 and SC-06-03A showed particularly strong agreement in both grade and interval length. Hole SC-06-01B returned 0.066% U₃O₈ over 1.1 metres, modestly higher than BlueRock's reported 0.047% U₃O₈ over 1.0 metre. Samples were analysed by SGS Laboratories in Lakefield, Ontario using sodium peroxide fusion and ICP-OES methodology.

Cross Bones Project Scope and Planned Phase I Drilling

The Cross Bones Property comprises 853 Bureau of Land Management mineral claims and three Colorado state leases, covering over 35 kilometres of strike length of the Sego Sandstone unit. Homeland holds a fully permitted 30-hole drill program, with Phase I consisting of 4–6 holes designed to test selected historical mineralised intervals and evaluate uranium continuity. The company also holds a dataset of 94 historical reverse circulation drill holes completed between 1977 and 1980 by Ashland Minerals and Anschultz; it intends to twin some of those holes given that original cuttings have not been recovered.