Noka Files Technical Report for Carpenter Lake Uranium Project, Saskatchewan
25 Juni 2014 - 1:30PM
Marketwired Canada
Noka Resources Inc. (TSX VENTURE:NX)(FRANKFURT:2NK) ("Noka") has filed a
technical report entitled "Technical Report on the Carpenter Lake Property,
Northern Saskatchewan" dated June 13, 2014 and prepared by Allan Armitage,
Ph.D., P.Geol., of Geovector Management Inc. Dr. Armitage is an independent
qualified person under NI 43-101 regulations. The National Instrument 43-101
technical report is available under the company's profile on SEDAR.
The Carpenter Lake Property has been optioned to Alpha Exploration Inc. (TSX
VENTURE:AEX) and they are presently earning a 60-per-cent interest in the
Carpenter Lake Property by incurring exploration expenditures of $1.25-million,
after which a joint venture with Noka will commence. The Carpenter Lake Property
lies approximately 85 kilometres west of the past-producing Key Lake mine
infrastructure and mill complex and extends for approximately 25 km along the
southern extension of the Cable Bay shear zone.
Nav Dhaliwal, President, states: "Noka is very pleased to have completed the
technical report on our Carpenter Lake Property and as such we as a company feel
very privileged to be working along side the Alpha Exploration team. As the
Alpha team was an interregnal part of the PLS discovery, we feel we are on the
fast track to successfully advancing this key property in our portfolio."
Recent work completed by Alpha in 2014 includes:
Radon-in-water and lake sediment geochemical sampling (see Noka's news release
dated May 21, 2014) has outlined several areas of interest for summer 2014
evaluation. The radon-in-water and lake sediment uranium anomalies found in the
2014 survey are important indicators for locating potential buried uranium
mineralization.
A property-wide VTEM airborne survey was completed by Aeroquest Airborne in
February, 2014. Some of the recently identified geochemical anomalies lie close
to crosscutting geological structures and conductors interpreted by Condor
Geophysics from the VTEM survey.
Results of the above work are summarized in Dr. Armitage's technical report.
An airborne gamma spectrometer survey is contracted for execution by Goldak
Airborne Surveys as soon as drier ground conditions allow for better gamma
radiation signal response. This airborne gamma survey has the capability to
identify radioactive boulders similar to those found on the Fission Uranium /
Alpha Minerals Patterson Lake South joint venture in 2011, prior to the
discovery of high-grade uranium by drilling in late 2012.
A boulder prospecting program is planned to follow up on the results of the
airborne gamma survey and a further radon surveying is planned for targets
up-ice from radon-in-water and lake sediment uranium anomalies.
Alpha Exploration has engaged Discovery Consultants of Vernon, B.C. to manage
Alpha's 2014 work programs. The senior members of Discovery's team have
extensive uranium exploration experience in the Athabasca basin and in several
international jurisdictions.
Qualified person
The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and was reviewed on behalf of the company by Bill Gilmour, P.Geo, of Discovery
Consultants, a Qualified Person.
About Noka Resources Inc.:
Noka Resources Inc. is a junior exploration company with a focus on uranium in
the prolific Athabasca Basin, Northern Saskatchewan. Noka's exploration strategy
is focused in relatively underexplored areas of the Athabasca Basin Region,
targeting favourable geology and structure amenable to near surface,
unconformity-style uranium mineralization.
With a total prospective land position of 493,236 hectares, Noka holds one of
the largest geologically prospective land packages in the region through a 100%
interest in the Clearwater (which includes the Carpenter Lake) and Athabasca
North group of properties, an option to earn 100% interest in the Lodge Pole
Point Project, as well as a 25% interest in the Western Athabasca Syndicate
group of properties.
For further information, please contact Nav Dhaliwal, President, at
nav@nokaresources.com or visit www.nokaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Nav Dhaliwal"
--------------------------------------------------
Nav Dhaliwal
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
This press release contains "forward-looking information" that is based on
Noka's current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, statements with
respect to Noka's exploration and development plans. The words "will",
"anticipated", "plans" or other similar words and phrases are intended to
identify forward-looking information. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause Noka's
actual results, level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking information.
Such factors include, but are not limited to: uncertainties related exploration
and development; the ability to raise sufficient capital to fund exploration and
development; changes in economic conditions or financial markets; increases in
input costs; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological or operational
difficulties or inability to obtain permits encountered in connection with
exploration activities; and labour relations matters. This list is not
exhaustive of the factors that may affect our forward-looking information. These
and other factors should be considered carefully and readers should not place
undue reliance on such forward-looking information. Noka disclaims any intention
or obligation to update or revise forward-looking information, whether as a
result of new information, future events or otherwise
FOR FURTHER INFORMATION PLEASE CONTACT:
Nav Dhaliwal
President and CEO
(604) 678-5308
Noka Resources Inc. (TSXV:NX)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Noka Resources Inc. (TSXV:NX)
Historical Stock Chart
Von Nov 2023 bis Nov 2024
Echtzeit-Nachrichten über (TSX Venture Börse): 0 Nachrichtenartikel
Weitere Noka Resources Inc. News-Artikel