Noka-Alpha Commence Radon Survey at Carpenter Lake Property, Athabasca Basin, Saskatchewan
04 March 2014 - 11:00PM
Marketwired
Noka-Alpha Commence Radon Survey at Carpenter Lake Property,
Athabasca Basin, Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 4, 2014) - Noka
Resources Inc. (TSX-VENTURE:NX)(FRANKFURT:2NK) ("Noka") is pleased
to announce that a radon in lake water and sediment survey has
begun at Carpenter Lake, Athabasca Basin, Saskatchewan as part of
Alpha Exploration Inc.'s (TSX-VENTURE:AEX) ("Alpha") Option
Agreement to earn a 60% interest in the Carpenter Lake Property
from Noka. The radon survey will test electromagnetic (EM)
conductors that were confirmed in a recently completed airborne
VTEM and magnetic survey by Aeroquest International Limited. This
is the same technology that the Alpha JV used in the discovery of
high-grade uranium mineralization at Patterson Lake South. The
radon survey will be conducted by RadonEx Exploration Management of
St. Lazare, Quebec, and will comprise approximately 1,000 sample
locations over a 16 km strike length of the Cable Bay Shear Zone
(CBSZ) on the 20,637 hectare Property.
Preliminary interpretation of the recently flown VTEM and
magnetic survey shows numerous offset and disrupted EM conductors
within the CBSZ that are associated with cross cutting structures
depicted by magnetic lineaments. Graphitic shear zones (often seen
as EM conductors) that are cross-cut by faults are seen as the
critical framework for the required fluid paths for uranium
emplacement. Detailed radon in lake water and sediment sampling
will focus on these structural junctions.
Lake sediment samples recovered for radon analysis will also be
submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025:
2005 Accredited Facility) of Saskatoon for analysis, which includes
a 63 element ICP-OES, and uranium by ICP-MS.
Radon sampling is anticipated to be completed in four to five
weeks with additional work for the spring and summer 2014 being
planned. This includes a detailed high-resolution airborne gamma
radiation spectrometric survey (radiometrics), which has a
demonstrated capability to locate near surface uranium boulders,
followed by ground prospecting and geochemical sampling.
About Noka Resources Inc.:
Noka Resources Inc. is a junior exploration company with a focus
on uranium in the prolific Athabasca Basin, Northern Saskatchewan.
Noka's exploration strategy is focused in relatively underexplored
areas of the Athabasca Basin Region, targeting favourable geology
and structure amenable to near surface, unconformity-style uranium
mineralization.
With a total land position of 488,463 hectares, Noka holds one
of the largest geologically prospective land packages in the region
through a 100% interest in the Clearwater (which includes the
Carpenter Lake) and Athabasca North group of properties, as well as
a 25% interest in the Western Athabasca Syndicate group of
properties.
For further information, please visit www.nokaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Nav Dhaliwal, President and CEO
Neither 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 release.
This release includes certain statements that may be deemed
to be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
Noka Resources Inc.Nav DhaliwalPresident and CEO(604)
678-5308(604)
678-5309nav@nokaresources.comwww.nokaresources.com
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