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Athabasca Nuclear Corp. Acquires the TREK Project Following Release of Geoscience BC Tree-Top Biogeochem Results
Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“Athabasca Nuclear” or “ASC” or the “Corporation”) is pleased to report that
About this update from Dixie Gold Inc.
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“Athabasca Nuclear” or “ASC” or the “Corporation”) is pleased to report that is has acquired the TREK Project for gold, copper, zinc and polymetallic exploration following its review of a newly released biogeochemical survey by Geoscience BC. “We would like to express our appreciation to Geoscience BC and its’ team members for conducting their helicopter supported tree-top biogeochemical survey and releasing their results yesterday. Their work was designed to examine metal traces in spruce trees which could, as Geoscience BC indicates, lead to the next big mineral discovery in British Columbia. Our decision to acquire project ground in the area is a direct result of their efforts and the sampling results they obtained. Importantly, their survey was focused on an area approximately 15 km south of the multi-million ounce Blackwater gold deposit and within the area hosting the 3Ts polymetallic deposit. Since its release on Monday, Athabasca Nuclear is the first commercial party to avail itself of this new data and we have been able to selectively secure highly prospective tenure for gold and copper, as well as other polymetallic exploration prospects. Having successfully leveraged biogeochem work at our district-scale Preston Uranium Project in Saskatchewan, we anticipate material interest to result from this innovative survey - especially given the notable discoveries already made in the area,” stated Ryan Kalt, CEO of Athabasca Nuclear. Overview of the TREK Project Named in recognition of the Geoscience BC survey, Athabasca Nuclear’s new TREK Project consists of twelve mineral tenures designed to target gold, copper, zinc and polymetallic prospects based on the biogeochemical results of the newly-released survey. Totaling over 5,000 acres in project size, the TREK Project was acquired by Athabasca Nuclear through staking and is 100%-owned without royalty obligations. Helicopter-borne tree-top sampling programs can assist with the recognition of major geochemical trends in the substrate, and the spatial relationships of zones of relative metal enrichment which may reflect lithogeochemical zonation of metals. A full description of the 12 claims comprising the TREK Project is contained further down in this news release. Overview of the Geoscience BC ...