Well Known Athabasca Basin Geologist Joins Makena
05 December 2013 - 7:01PM
Marketwired
Well Known Athabasca Basin Geologist Joins Makena
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 5, 2013) -
Makena Resources Inc. ("MKN", "Makena" or the "Company")
(TSX-VENTURE:MKN) is pleased to announce that Dr. Karl Schimann, a
well known Athabasca Uranium geologist, has accepted a position on
the Company's advisory committee.
Dr. Schimann possesses extensive experience in mineral
exploration, spanning a career in exploration geology of over 40
years and across three continents. He has participated in
significant discoveries for uranium and base metals and has also
led various exploration and mining initiatives for gold and
diamonds. Between 1977 to 1997, Dr. Schimann was employed by French
uranium giant AREVA (previously COGEMA) as a Senior Geologist and
Project Manager, where he was a key member of the team that
undertook the discovery and development of the massive Cigar Lake
uranium mine. In total, he spent twenty years with AREVA, ten of
which were in uranium exploration and mine development, mainly in
the Athabasca Basin.
Makena recently acquired the Patterson Uranium Prospect, which
may be prospective for uranium consisting of three claim blocks
totaling 6,687 hectares (16,524 acres), which are all located in
the Athabasca Basin. The west block directly borders the recent
discovery on the Patterson Lake South Property by Alpha Minerals
Inc. and Fission Energy Corp. The other two blocks are in the
direct vicinity of the discovery.
Negar Adam, President of Makena Resources states, "Adding a
uranium geologist with Dr. Schimann's experience and world class
pedigree within the Athabasca Basin to the advisory committee
clearly demonstrates Makena's focus on developing the Patterson
Block of properties. Management is pleased that Dr. Schimann, who
was a key member of the team that discovered the world class Cigar
Lake Uranium Deposit, would accept this position, which therefore
makes management optimistic about the quality of the uranium
project we are about to start operations on. Considering Makena is
also the smallest market capitalized company bordering the PLS
discovery, management looks forward to the upcoming year as Makena
implements an aggressive work program on the Patterson Uranium
Prospect."
Recently, Makena retained Aeroquest Airborne to conduct a VTEM
max program over the three uranium blocks in the Patterson Lake
Area of the Athabasca Basin, Saskatchewan. We anticipate the survey
to commence in December. This survey will assist in locating the
basement indicators on the properties.
Makena also holds a 50% interest the Clone property in Stewart,
BC. To date, Makena has achieved significant drill results that
returned grades of 12.80 m (42ft) of 44.75g/t (1.305oz/t)(12/22/09)
gold values including 4.87m (16 ft) of 76.80g/t (2.240oz/t) and a
102 tonne bulk sample that returned grades 4 oz/t or 139.2 g/t gold
(10/22/11) over the 102 individually tested tonne samples.
Negar Adam, President, Director
Makena Resources Inc.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
Makena Resources Inc.Negar AdamPresident,
Director1.604.685.5150www.makenaresourcesinc.com
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