Athabasca Drilling at Richardson Granite-Dolomite Project
11 März 2014 - 1:01PM
Marketwired
Athabasca Drilling at Richardson Granite-Dolomite Project
EDMONTON, ALBERTA--(Marketwired - Mar 11, 2014) - Athabasca
Minerals Inc. ("Athabasca" or the "Corporation") (TSX-VENTURE:ABM)
is pleased to announce the completion of its winter drilling
program at the Richardson Granite-Dolomite Project located 130 km
north of Fort McMurray (the "Richardson Property"). The objective
of the drilling program on the Richardson Property is to delineate
a future source of granite-dolomite aggregate for the Northern
Alberta market.
In February 2014, a total of eight vertical core holes were
drilled on the Richardson Property for a total of 843 metres over a
20 square km area. All holes successfully cored the dolomite and
all but one intersected the granite basement rocks. All holes were
drilled to a maximum depth of 144 metres. The dolomite and granite
were penetrated at similar depth levels attesting to the uniformity
of the units across the Richardson Property area that was tested by
drilling. Detailed core logging and sampling will commence shortly
at Athabasca's Edmonton facility, to be followed up by independent
analytical test work.
"We are very pleased with our drilling production rate and the
consistency of our drill campaign on the Richardson Property" says
Dom Kriangkum, President and CEO of Athabasca. "These 2014 drill
holes coupled with additional drilling from the same area in 2013
will provide us with information necessary to complete a National
Instrument 43-101 resource estimate."
The drilling program was implemented on behalf of the
Corporation by Apex Geoscience Ltd., of Edmonton, under the
supervision of Mr. Michael Dufresne, P. Geol. and Mr. Bryan
Atkinson, P.Geol., who will also be responsible, as Qualified
Persons, for the logging of core and preparation of the National
Instrument 43-101 resource estimate with respect to the Richardson
Property. Drilling was completed by Lone Peak Drilling of Kimberly,
British Columbia.
On behalf of Athabasca, the technical information in this press
release has been reviewed and approved by Pamela Strand, P.Geol.,
Vice-President, Business Development and Communications and a
Qualified Person in accordance with National Instrument 43-101 -
Standards of Disclosure for Mineral Projects ("NI
43-101").
About Athabasca Minerals
The Corporation is a resource company involved in the
management, exploration and development of aggregate projects.
These activities include contracts works, aggregate pit management,
new aggregate development and acquisitions of sand and gravel
operations. The Corporation also has industrial mineral land
holdings for the purpose of locating and developing sources of
industrial minerals and aggregates essential to high growth
economic development.
Neither the TSX Venture nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture)
accepts responsibility for the adequacy or accuracy of this
release.
This press release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. The use of any of the words "will", "expects",
"believe", "plans", "potential" and similar expressions are
intended to identify forward-looking statements or information.
More particularly, this press release contains statements
concerning the success of the Corporation's drilling program on the
Richardson Property and the completion of a NI 43-101 compliant
technical report.
The forward-looking statements contained in this document
are based on certain key expectations and assumptions made by the
Corporation. Although the Corporation believes that the
expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because the Corporation
can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include,
but are not limited to, the failure to obtain adequate information
to complete a resource report, risks associated with drilling,
risks associated with the mining industry in general (e.g.,
operational risks in development, exploration and production;
delays or changes in plans with respect to exploration or
development projects or capital expenditures; the uncertainty of
estimates and projections relating to production, costs and
expenses, and health, safety and environmental risks), commodity
price and exchange rate fluctuations. Mineral resources that are
not mineral reserves do not have demonstrated economic viability.
The forward-looking statements contained in this document are made
as of the date hereof and the Corporation undertakes no obligation
to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities
laws.
Boardmarker GroupDean StuartT: 403-517-2270E:
dean@boardmarker.net
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