Brades Resource Corp. (TSXV:BRA )announced that they have entered into an agreement to acquire the Lorne Lake uranium property in northern Saskatchewan.
As quoted in the press release:
The Property consists of 15 contiguous mineral claims comprising of approximately 97,500 acres in Saskatchewan’s Western Athabasca Basin. The Property covers favorable geology located inside the Basin at shallow to moderate depth and is the host not only to Lorne Lake but also Worden Lake and Bonazew Lake. It is host to extensive regional faulting and lineaments and covers one of only three identified cross-cutting major fault structures located in the Western Athabasca Basin. These faults and lineaments parlay over favorable magnetic geophysical data, a combination which has been highly conducive to past uranium discoveries in the Basin.
Brades’ President and CEO, Cheryl More, said:
The Lorne Lake property is located in the prospective Athabasca Basin with regional proximity to Cameco’s Centennial Deposit to the east and the Patterson Lake South discovery by Alpha Minerals/Fission Uranium to the west. This is an attractive opportunity for the company to pursue, with the potential to be an important addition to our BRC copper-gold property located in northwestern British Columbia.