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Roughrider Aquires Claims in the Johnston Lake Priority Area Genesis Property, Athabasca Basin Region
New Target Area Added to the Genesis Property Vancouver, BC / ACCESSWIRE / Oct 30, 2014 ...
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[{"type":"text","content":"Roughrider Aquires Claims in the Johnston Lake Priority Area Genesis Property, Athabasca Basin RegionNew Target Area Added to the Genesis Property\nVancouver, BC / ACCESSWIRE / Oct 30, 2014 / Roughrider Exploration Limited (“Roughrider”) is pleased to announce, together with Kivalliq Energy Limited (“Kivalliq”), that a new land position has been acquired to the northeast of the Genesis property through a combination of purchase, property exchange, and staking in both Saskatchewan and Manitoba. The acquired area covers favorable Athabasca basement geology and displays several strong northeast trending electromagnetic (“EM”) conductors and coincident high-grade uranium in float boulder geochemistry.\nSummary\n- 1,879 hectares acquired in Saskatchewan and Manitoba- Several strong, coincident airborne EM conductors- Historic float boulder results ranging from nil to 2.76% U3O8\nSubject to the approval of the TSX Venture Exchange, Roughrider will purchase Saskatchewan Mineral Claim MC1246 outright from an arm's length party for 100,000 Roughrider common shares. In addition, Roughrider and Kivalliq staked Saskatchewan Mineral Claims MC2077 and MC2078 and staked the Gap 1, 2 and 3 claims in Manitoba directly adjacent to MC1246.Collectively, the new claims add 1,879 hectares (4,643 acres) of prospective exploration ground and a new target area within the Genesis Property.\nExploration by past workers in the claim area included airborne geophysical surveys, prospecting, soil surveys and rock/boulder sampling, particularly near the eastern side of the claim package surrounding the Saskatchewan/Manitoba border. Prospecting found two clusters of boulders on the Gap 1, 2, and 3 claims that reported, respectively; samples grading from nil to 2.76% U3O8 with six samples exceeding 1% U3O8, including highs of 2.68% U3O8 and 2.76% U3O8, and samples grading from nil to 1.63% U3O8 with six samples exceeding 0.5% U3O8 including a high of 1.63% U3O8.\nThese samples are coincident with a strong, two kilometre long northeast trending airborne EM conductor. A second strong conductive trend, also several kilometres long, parallels this trend to the northwest and passes through the main body of the purchased claim, MC1246.\nFor more information and to see a compilation map, please visit http://www.roughriderexplor...