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IsoEnergy expanding Geiger uranium property via Dawn Lake North purchase

IsoEnergy Ltd. entered into an agreement with Cameco Corp., Orano and JCU Canada Exploration Ltd. to acquire the 6,800-hectare Dawn Lake North Block, which forms part of the Dawn Lake uranium joint venture property in Saskatchewan.

The claim block is contiguous with the company's recently acquired Geiger uranium property and will expand the project area to about 12,594 hectares, according to a March 26 release.

Under the terms, IsoEnergy is required to pay C$200,000 and issue 3,330,000 shares to the three companies.

Initial exploration efforts consisting of data compilation and interpretation will begin immediately and could be followed by a core drilling program in the second half to evaluate high-priority targets at the Dawn Lake North property and the original Geiger project.