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Generation Uranium Initiates Permitting Process on its Flagship Yath Uranium Project in Nunavut, Canada
(TheNewswire) Vancouver, British Columbia, Canada – TheNewswire - August 15 ...
About this update from Generation Uranium Inc Class A
[{"type":"text","content":"Generation Uranium Initiates Permitting Process on its Flagship Yath Uranium Project in Nunavut, Canada\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia, Canada\n–\n \n\n TheNewswire -\n \n\n August 15\n \n\n th\n \n\n , 2024, Generation Uranium Inc.\n \n (the\n“Company” or “Generation”) (TSXV: GEN) (OTCQB: GENRF) (FSE:\nW85) is pleased to announce that, in preparation for an upcoming\ndiamond drill program in 2025, the Company has initiated the\npermitting process to engage in advanced exploration activities on its\nflagship Yath Uranium Project (“Yath”) located in Nunavut, Canada.\nThe applications include the\n \n\n recent acquisitions\n \n\n of the\nYellow Frog and Pink Toad Uranium Projects, contiguous extensions to\nYath on the Angilak Trend in the Yathkyed Basin.\n \n\n Through APEX Geoscience Ltd., the Company is preparing a multi-year\npermit application for drilling, camp, and water use, which will be\nsubmitted to the Land Use Permit office through Crown-Indigenous\nRelations and Northern Affairs Canada for approval. The application\nwill include provisions for a base camp accommodating 10-15\nindividuals, who will commence prospecting on the property to follow\nup on historical results, conduct mapping, and identify the locations\nof previous drill hole collars as permitting allows.\n \n\n \"We are thrilled to be at the cusp of heightened exploration\nactivities at Yath,\" said CEO Anthony Zelen. \"We look\nforward to moving swiftly with our team once the necessary approvals\nare in place.\"\n \n\n Historic surface sampling conducted by Pan Ocean Oil Ltd. in 1981\nyielded uranium values of 9.81%, 3.95%, and 2.14% U3O8 within surface\nfloat boulders. More recent field work by Kivalliq Energy between\n2010-2012 returned 14 rock samples with U3O8 values ranging from 1% to\n10%, concentrated around fault lines and basin unconformities. Notable\nconcentrations of high-grade samples aligning with regional fault\nlines, as corroborated by a 2012 seismic line indicating a VGR trend,\naffirm the findings from the 1970’s and 1980’s, underscoring the\nsubstantial uranium mineralization potential within the zone.\n \n\n The Company believes that Yath remains uniquely positioned within the\nYathkyed Basin, one of a few global unconformity...