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Athabasca Nuclear Acquires Sun Valley PGE Project
Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) ( “ASC” or the “Company”) is pleased to report that it has acquired the Sun V
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[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) ( “ASC” or the “Company”) is pleased to report that it has acquired the Sun Valley PGE Project, a large scale platinum group element (PGE) exploration project located in Quebec, Canada. “The Sun Valley PGE Project is well situated and substantial in scale. Importantly, it provides robust exploration potential for PGE’s, which we believe have a valued role as part of our clean commodity platform. Reflective of market capitalization already ascribed to the area, ASC is excited to develop initial work plans for this district-scale PGE opportunity. There is also a strong possibility that we will be able to achieve certain field work cost efficiencies for this project in conjunction with our summer exploration plans for our Dumont and Spodumene Lake Lithium Projects, which are in turn located near Nemaska Lithium’s Whabouchi lithium project. The Sun Valley PGE Project once again demonstrates ASC’s commitment to effectively securing highly-prospective projects for our fellow shareholders,” stated Ryan Kalt, CEO of the Corporation. About the Sun Valley PGE Project The Sun Valley PGE Project claims will encompass more than two hundred mineral cell claims which have been applied for on ground immediately surrounding the Huckleberry Project being advanced by Northern Shield Resources Inc. (“Northern Shield”). In aggregate, ASC’s Sun Valley PGE Project claim cells cover more than 10,000 ha and represent one of the largest mineral tenure holdings in the area. Claim Map of the Sun Valley PGE Project http://www.athabascanuclear.com/wp-content/uploads/2016/05/ASC_Sun_Valley_PGE_Project_Claim_Map.jpg Regional Magnetics Map of the Sun Valley PGE Project http://www.athabascanuclear.com/wp-content/uploads/2016/05/ASC_Sun_Valley_PGE_Project_Claim_Map_Magnetics.jpg ASC believes that its Sun Valley PGE Project has similar exploration potential to the immediately adjacent Huckleberry Project held by Northern Shield. The adjacent Huckleberry Project is being explored by Northern Shield as a large-scale (segregated) magmatic copper target with nickel and PGE credits. Cu-Ni-PGE mineralization has been seen throughout Northern Shield’s Huckleberry Project in a variety of geological settings (see Northern Shield Presentation, http://www.northern-shield.com/misc/NRN_Nov...