Athabasca Uranium Announces New Uranium Targets at Keefe Lake

Athabasca Uranium Inc (TSXV: UAX) announced that they have identified new uranium targets at Keefe Lake.

As quoted in the press release:

At the Company’s flagship Keefe Lake Project, preliminary interpretation has identified a series of subtle northwest-trending conductive anomalies, lying within a wide magnetic low, between the Keefe Lake Alteration Zone and Cameco’s Harrigan Deposit. The presence of these subtle conductors (possibly regions of alteration) supports the hypothesis that these two aforementioned zones are related by an area of dilation (“D-Zone”), observed in the magnetic data as a strong and pronounced low. The subtle conductors were first identified in electromagnetic data from a 2005 GEOTEM regional survey as an AdTau anomaly. The VTEM anomalies correspond with two high-value targets that have favourable basement lithology (biotite gneiss/pelitic) and are related to the Tebbernor fault system. In addition, Illitic clays, which often form in alteration halos around uranium deposits, and boulder samples anomalous in uranium and pathfinder minerals such as lead and boron have been discovered in the D-Zone. Data from the 2013 VTEM survey will be incorporated into the active interpretation matrix, which includes 2D seismic and a host of downhole and historical geophysics, to further refine targets for the Keefe Lake Phase 3 drilling program, slated for later this year.

To view the whole press release, click here.