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Kiplin Metals Comments on Activity Surrounding the Cluff Lake Road ("CLR") Uranium Project, Saskatchewan
(TheNewswire) June 4, 2023 – TheNewswire - Kiplin Metals Inc. (TSXV:...
About this update from Kiplin Metals Inc.
[{"type":"text","content":"Kiplin Metals Comments on Activity Surrounding the Cluff Lake Road (\"CLR\") Uranium Project, Saskatchewan\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n June 4, 2023\n \n \n –\n \n \n TheNewswire -\n \n \n Kiplin Metals\nInc.\n \n \n (TSXV:KIP) (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Kiplin\n \n \n ”) has observed a significant increase in activity\nsurrounding its Cluff Lake Road (CLR) uranium project. Located in\nSaskatchewan, the project sits in a highly prospective area with\nneighboring companies Orano Canada, Cameco Corp., Stallion Discovery\nCorp., and Canalaska Uranium Ltd.\n \n \n \n \n One notable development is the proximity of the CLR\nproperty to F3 Uranium Corp.'s (formerly Fission 3.0) Paterson Lake\nNorth (PLN) project. In November 2022, F3 discovered the JR high-grade\nuranium zone, and subsequent reports (refer to F3 press release dated\nFeb. 6, 2023) detailed intersections in drill hole PLN22-038,\naveraging 4.20 percent triuranium octoxide over 11.0 meters, including\na high-grade interval of 9.8 percent U3O8 over 4.5 meters. This\ndiscovery signifies the presence of a basement-hosted uranium deposit\nin the Athabasca region, similar to Fission Uranium Corp.'s Triple R\nuranium deposit.\n \n \n \n \n Kiplin believes that the combination of multiple EM\n(electromagnetic) conductors, magnetic lineaments, radon gas, and\nradioactivity anomalies on the CLR property makes it a highly\nprospective location for the discovery of a basement-hosted uranium\ndeposit. The Company is excited about the potential of the project and\nthe opportunities it presents for future exploration and\ndevelopment.\n \n \n \n \n “We are encouraged by the increased activity and the\npresence of notable uranium projects in close proximity to our Cluff\nLake Road Uranium project,\" said Dr. Peter Born, Director of\nKiplin. \"The recent discoveries in the region further underline\nthe prospectivity of the Athabasca Basin, and we believe that our CLR\nproject holds significant potential for uncovering valuable uranium\ndeposits.”\n \n \n \n \n Kiplin remains committed to advancing its exploration\nefforts and leveraging the geological potential of the CLR project.\nThe Company's management and technical team are actively engaged in\nevaluating the available dat...