Kirrin Resources (CVE:KYM) announced that it has staked an additional 4,185 ha adjacent to its Key Lake Southwest uranium property, Athabasca Basin, Saskatchewan, Canada.
The press release is quoted as saying:
The staked area is situated in the Wollaston geological domain and is about 50 km south of the Wheeler River, the site of Denison’s Phoenix discovery and about 25 southwest of the former Key Lake Mine. Exploration in the immediate area of the staking is very active. Kirrin targeted the area (a) it is underlain by geologically favourable western Wollaston Domain metasedimentary rocks, which are cut by the major west-southwest trending fault structure that intersects the uranium deposits at the former Key Lake Mine; (b) there are several reported radioactive showings and some other historic exploration anomalies (e.g., airborne and ground electromagnetic (EM) anomalies) present; and (c) Kirrin’s 2010 and 2011 airborne magnetic-EM surveys within the northeastern part of its KLSW property has identified high to moderate priority EM conductors that trend north-northeasterly onto the newly staked ground.