Noka Files Technical Report for Carpenter Lake Uranium Project, Saskatchewan
2014年6月25日 - 8:30PM
Marketwired
Noka Files Technical Report for Carpenter Lake Uranium Project,
Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 25, 2014) - 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
Nav DhaliwalPresident and CEO(604) 678-5308
Noka Resources Inc. (TSXV:NX)
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