Uraniferous Lake Sediment Analyses Bolster Potential at Carpenter Lake Property, Athabasca Basin, Saskatchewan
21 Maio 2014 - 9:15AM
Marketwired
Uraniferous Lake Sediment Analyses Bolster Potential at Carpenter
Lake Property, Athabasca Basin, Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2014) - Noka
Resources Inc. (TSX-VENTURE:NX)(FRANKFURT:2NK) ("Noka") is pleased
to announce that the lake sediment sample analyses have been
received. The lake sediment samples were collected in April 2014
during a radon in lake water and sediment survey at Carpenter Lake,
Athabasca Basin, Saskatchewan as part of ALPHA EXPLORATION INC.
("Alpha") (TSX-VENTURE:AEX) Option Agreement to earn a 60% interest
in the Carpenter Lake Property from Noka. A total of 60 lake
sediment samples were recovered by RadonEx Exploration Management
of St. Lazare, Quebec within six grids (A to F) along the Cable Bay
Shear Zone (CBSZ) and within the 20,637 hectare Property.
Highlights of the Lake Sediment Results:
- Eight lake sediment samples are strongly anomalous with uranium
(3.9 to 37 ppm). In comparison, 3.8 ppm uranium was the highest
concentration in lake sediments proximal to one of the largest high
grade uranium boulder fields in the Athabasca Basin at Patterson
Lake South (PLS);
- The eight uraniferous lake sediment results were accompanied by
arsenic (1.6 to 76 ppm), cobalt (3.3 to 33 ppm), copper (12 to 68
ppm), lead (1.4 to 3.8 ppm), molybdenum (0.5 to 4.6 ppm), and
nickel (14 to 50 ppm). This geochemical signature is consistent
with a graphitic/pyritic pelite basement bedrock source that is
anomalous with uranium, and may represent material eroded from the
CBSZ;
- Grid C: westernmost lake returned background values of uranium
in lake sediments, which suggests the strongly anomalous radon
values are sourced from directly below in the bedrock where a VTEM
conductor is present. Iron oxide coatings on pebbles were observed
with the anomalous radon values, which was an environmental
condition associated with mineralization at Key Lake and PLS;
The lake sediment samples were recovered concurrent with radon
in sediment samples that were targeted above electromagnetic ("EM")
conductors confirmed in a detailed airborne VTEM and magnetic
survey completed in February 2014 by Aeroquest International
Limited. Where substantial overburden thickness exists, lake
sediment samples represent glacially transported material, and the
bedrock source of anomalous uranium is thought to be situated
up-ice. Conversely, radon in lake and sediment anomalies may
represent a bedrock source directly below where the concentration
of uranium in the lake sediments is at background levels. The lake
sediment results have assisted in determining whether radon
anomalies may be sourced from the overburden or bedrock directly
beneath, which will be a valuable tool in developing future
exploration programs on the Property.
Summer exploration at Carpenter Lake will include a detailed
high-resolution airborne gamma radiation spectrometric survey
(radiometrics). The detailed radiometric survey will be followed by
ground prospecting, geochemical and radon sampling.
All of the lake sediment samples recovered were submitted to SRC
Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited
Facility) of Saskatoon for analysis, which included a 63 element
ICP-OES, and uranium by ICP-MS.
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 reviewed on behalf of Alpha
Exploration Inc. by Garrett Ainsworth, P.Geo., Vice President
Exploration, 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, 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 Alpha's current expectations, estimates, forecasts
and projections. This forward-looking information includes, among
other things, statements with respect to Alpha'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 Alpha'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. Alpha disclaims any intention or obligation to update
or revise forward-looking information, whether as a result of new
information, future events or otherwise.
Noka Resources Inc.Nav DhaliwalPresident and CEO(604)
678-5308www.nokaresources.com
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