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CAT Strategic Metals Receives NI 43–101 Technical Report on the South Preston Uranium Project & Provides Project Update
NI 43-101 Report Highlights: CAT's South Preston Property encompasses several uranium geochemical anomalies associated with graphite-type conductors and similar
About this update from Cat Strategic Metals Corporation
[{"type":"text","content":" NI 43-101 Report Highlights: CAT's South Preston Property encompasses several uranium geochemical anomalies associated with graphite-type conductors and similar in strength to those associated with other unconformity-type deposits in the Athabasca Basin, known to be the highest-grade uranium deposits Azincourt's prospective zones targeted for drilling are trending directly onto CAT's adjacent exploration property; 2023 drilling results are pending Field work demonstrates that the Athabasca sandstone has limited exposure on the CAT property, thereby eliminating the need to drill targets through substantial thicknesses of cover rock CAT's current NI 43-101 report recommendations include extending its airborne VTEM coverage and further bio-geochemical sampling and mapping VANCOUVER, BC / ACCESSWIRE / May 10, 2023 / CAT Strategic Metals Corporation (CSE:CAT), (OTC PINK:CATTF), (FRA:8CH) (\"CAT\" or the \"Company\") announces that it has received a Technical Report (the \"Report\") covering the Company's South Preston Uranium Project (‘South Preston' or the \"Project\"), prepared in accordance with the guidelines of National Instrument 43-101 (\"NI 43-101\") by Watts, Griffis and McOuat Limited, Geological and Mining Consultants' (\"WGM\") Senior Geologist, Mr. Albert (Al) Workman. The South Preston Project is a uranium exploration project comprising a group of 12 mineral dispositions located in the vicinity of the south-western Athabasca Basin in northern Saskatchewan. The dispositions are 100% owned by CAT Strategic Metals Corp. (\"CAT\"). With exploration experience in a wide variety of geological terranes over a span of more than 45 years, including ground-breaking experience with Gulf Minerals in the eastern Athabasca Basin, Mr. Workman is a Qualified Person in accordance with the definition prescribed in NI 43-101. The Report is available to the public on SEDAR. NI 43-101 Report by WGM Following an initial review of the available project data, CAT engaged WGM in September of 2021 to carry out WGM's proposal which outlined the scope of work required to ascertain the potential for uranium mineralization similar to other unconformity-type deposits in the Athabasca Basin. These types of deposits are the highest-grade uranium deposits known. The location of the South Preston property is predominantly outside of the area currently c...