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Athabasca Uranium Inc. (CVE:UAX,OTCQX:ATURF) reports that it has acquired the Keefe Lake property option in northeast Saskatchewan.
The press release is quoted as saying:
The 12,832-hectare Keefe Lake Project is comprised of three contiguous claims on the eastern margin of the uranium-rich Athabasca Basin, the most productive uranium-producing region in the world. The Project is approximately 22 kilometers southeast of the McArthur River Mine, the world’s largest high-grade uranium mine with proven and probable reserves of 335.5 million pounds U3O8 and an average reserve grade of over 15%. The Keefe Lake Project was most recently explored by Mega Uranium in 2007-2008, with approximately $3,000,000 expended on exploration in a two phase work program that included a Mag/EM airborne survey and a high-definition 2D seismic reflection survey.
Athabasca President & CEO, Gil Schneider says:
“The Keefe Lake Project is a marquee project which we believe is a true company-maker. The preliminary work already completed there vaults the Company forward nearly two full years on the exploration timeline. With one of the most sophisticated ground surveys in the world already completed, the Company will be able to immediately prioritize targets for diamond drilling. The acquisition of this project was an opportunity that Athabasca could not pass up – it is a project that we believe will add value to the Company in the near term and for years to come.”
Click here to access the entire news release.
Click here to access Athabasca Uranium’s company profile.(TSXV:UAX,OTCQX:ATURF)