Makena Commences Operations on Patterson Uranium Property In The Athabasca Basin
13 6월 2014 - 4:01PM
Marketwired
Makena Commences Operations on Patterson Uranium Property In The
Athabasca Basin
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 13, 2014) -
Makena Resources Inc. (TSX-VENTURE:MKN)(PINKSHEETS:CANSF) ("MKN",
"Makena" or the "Company") wishes to report that crews have been
mobilized and are commencing operations on the Patterson Uranium
Prospect that directly borders the uranium discovery on the
Patterson Lake South Property by Fission Energy Corp. ("Fission")
(TSX-VENTURE:FCU). They will test structures interpreted from the
VTEM survey carried out earlier this year. Combining the magnetic
and the electromagnetic data, three such structures have been
mapped on the Patterson Uranium Property. Two of these structures
trend NW and one trends NE. The ground Time Domain EM survey using
high sensitivity SQUID receivers has been designed to see through
the conductive Mannville Formation and map basement conductors. The
basement is estimated to be at a depth of about 150metres, based on
historical drill holes within the property and adjacent to it.
Dr. Karl Schimann stated, "We are encouraged by the VTEM survey
data. We clearly have multiple targets that we are in the process
of testing. These structures are often associated with uranium
mineralization. We look forward to confirming these anomalies with
the upcoming ground TDEM survey and follow by drilling to determine
if these targets have associated uranium mineralization."
Negar Adam, President of Makena states, "We are excited to
finally be underway with operations on the Patterson Prospect. This
prospect directly borders the Fission discovery, which has caught
the attention of the market thus giving Makena a wider audience for
any potential positive results. Makena currently has the smallest
market capitalization of any company that borders the Fission
Discovery and we eagerly anticipate the results of this first phase
of operations."
MKN's Patterson Uranium Prospect, consists of three claim blocks
totaling 6,687 hectares (16,524 acres), which are all located in
the Athabasca Basin. The west block directly borders the recent
discovery on the Patterson Lake South Property by Fission. The
other two blocks are in the direct vicinity of the discovery.
Makena also holds a 50% interest the Clone property in Stewart,
BC. To date, Makena has achieved significant drill results that
returned grades of 12.80 m (42ft) of 44.75g/t (1.305oz/t)(12/22/09)
gold values including 4.87m (16 ft) of 76.80g/t (2.240oz/t) and a
102 tonne bulk sample that returned grades 4 oz/t or 139.2 g/t gold
(10/22/11) over the 102 individually tested tonne samples.
Dr. Karl Schimann, Ph.D., P. Geo. is the qualified technical
person responsible for this news release.
Negar Adam, President, Director
Makena Resources Inc.
Neither the 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 press release.
Makena Resources Inc.1.604.685.51501.604.689-1733
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