North Shore Uranium Provides Exploration Update

VANCOUVER, BC / ACCESSWIRE / September 17, 2024 / North Shore Uranium Ltd. (TSXV:NSU) ("North Shore" or the "Company") is pleased to provide an update on its exploration activities. The Company holds the Falcon and West Bear properties ("Falcon" and "West Bear") at the eastern margin of the Athabasca Basin in northern Saskatchewan. The two properties are approximately 90 kilometres apart along a southwest-northeast trend (Figure 1).

North Shore is targeting near-surface basement-hosted uranium mineralization at Falcon and basement-and sandstone-hosted mineralization at West Bear that can be associated with basement structures and electromagnetic ("EM") conductor systems. Working with extensive geologic and geophysical datasets, the Company is now prioritizing uranium exploration targets on the two properties in preparation for future field work including potential drill programs. This news release summarizes targeting efforts being undertaken in Zone 1 at Falcon where North Shore discovered near-surface uranium mineralization in two drill holes in early 2024 and has identified 12 exploration targets (Figure 2).

Foto: Accesswire

Mine and mill locations, claim data and geologic information from the Saskatchewan database, claim information current on September 3, 2024

Figure 1: Athabasca Basin location map showing North Shore properties.

Mr. Brooke Clements, President and CEO of North Shore stated: "We believe that the eastern margin of the prolilfic Athabasca Basin is a great setting for a major new uranium discovery. Building upon our maiden 2024 Falcon drill program, our target generation work is allowing us to build a quality pipeline of potential drill targets."

FALCON PROPERTY TARGETS
Falcon is located approximately 30 kilometres east of the active Key Lake uranium mill and former mine. Between 1983 and 2002, two deposits at Key Lake produced a total of 209.9 million lbs. of U₃O₈ at an average grade of over 2.0%¹. There is no guarantee that a uranium deposit similar to Key Lake will be discovered on the Falcon Property. The uranium discovery potential at Falcon is significant and includes shallow basement-hosted unconformity-style and pegmatite-hosted mineralization. In early 2024 the Company discovered near-surface uranium mineralization in two drill holes.