Makena Resources Inc. (TSXV:MKN,OTC Pink:CANSF) reports that it has mobilized crews and that operations are commencing on the Patterson Uranium Prospect. The property directly borders the uranium discovery on the Patterson Lake South Property by Fission Energy Corp. (TSXV:FCU).
As quoted in the publication:
They will test structures interpreted from the VTEM survey carried out earlier this year. Combining the magnetic and the electromagnetic data, three such structures have been mapped on the Patterson Uranium Property. Two of these structures trend NW and one trends NE. The ground Time Domain EM survey using high sensitivity SQUID receivers has been designed to see through the conductive Mannville Formation and map basement conductors. The basement is estimated to be at a depth of about 150metres, based on historical drill holes within the property and adjacent to it.
Makena’s President, Negar Adam, said:
We are excited to finally be underway with operations on the Patterson Prospect. This prospect directly borders the Fission discovery, which has caught the attention of the market thus giving Makena a wider audience for any potential positive results. Makena currently has the smallest market capitalization of any company that borders the Fission Discovery and we eagerly anticipate the results of this first phase of operations.