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Athabasca Nuclear Corporation Releases NI 43-101 Technical Report on the Preston Uranium Project, Saskatchewan
Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“Athabasca Nuclear” or the “Corporation”) is pleased to announce the complet
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[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“Athabasca Nuclear” or the “Corporation”) is pleased to announce the completion of an NI 43-101 technical report on the Preston Uranium project (the “Preston NI 43-101 Report”) prepared by Cypress Geosciences Ltd. and completed in conjunction with its project partner, Skyharbour Resources Ltd. The Preston NI 43-101 Report, copy of which will be filed under the SEDAR profile of each respective issuer, is the first NI 43-101 prepared for the exploration-stage project. The author of the Preston NI 43-101 Report is Dave Billard, B.Sc., P.Geo., an independent Qualified Person (QP) responsible for the content of the report. The report includes information compiled through both public sources and data sets previously held confidential by the project proponents. It was prepared for Athabasca Nuclear Corp. and Skyharbour Resources Ltd. in compliance with National Instrument 43-101 and is summarized in part herein. The large-scale Preston project is strategically located near Fission Uranium Corp.’s shallow, high-grade Triple R deposit and is adjacent to NexGen Energy Ltd.’s Rook-1 project hosting the Arrow uranium discovery in the Patterson Lake region of northwestern Saskatchewan. The project comprises 34 contiguous mineral claims in good standing and totaling 121,148 ha intersected by all-season Highway 955. Athabasca Nuclear Corporation and Skyharbour Resources Ltd. each hold a 50% interest in the Preston project. Preston Uranium Property Map and Regional Exploration Corridors:http://www.athabascanuclear.com/wp-content/uploads/2015/08/ASC_Preston_Regional_Corridors.jpg Initial exploration efforts by Athabasca Nuclear Corporation and Skyharbour Resources Ltd. represent the first significant air and ground-based exploration of the underlying tenure of the Preston project. The area saw brief exploration during the late 1970’s to early 1980’s although discoveries now being identified in the Western Athabasca region were not identified at that time. The Preston Uranium Project is located 30 km southwest of the southwest margin of the Athabasca Basin as it is defined today and is underlain by basement rocks of the Lloyd Domain, Rae Province and Clearwater domain. The property can be subdivided into three general lithostructural domains from west to eas...