Athabasca Uranium Acquires Volhoffer Lake Property Option

Athabasca Uranium Inc. (TSXV:UAX,OTCQX:ATURF) announced that it has acquired Volhoffer Lake property option, Saskatchewan.

The press release is quoted as saying:

The 8,530 hectare Volhoffer Lake Project is comprised of two 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%.

Athabasca’s President & CEO, Gil Schneider commented:

“Volhoffer Lake is a strategic acquisition with a host of viable exploration targets. Its location, proximal to both our Webb River and Keefe Lake Projects, should lower our exploration costs through economies of scale.”

Click here to access the entire news release.

Click here to access Athabasca’s company profile.(TSXV:UAX,OTCQX:ATURF)