Athabasca Uranium Confirms Drill Targets

- October 13th, 2011

Athabasca Uranium Inc. (TSXV:UAX,OTCQX:ATURF) reported that it has confirmed its ten high-value targets for its upcoming diamond drilling program at Keefe Lake, in the southeastern Athabasca Basin.

Athabasca Uranium Inc. (TSXV:UAX,OTCQX:ATURF) reported that it has confirmed its ten high-value targets for its upcoming diamond drilling program at Keefe Lake, in the southeastern Athabasca Basin.

As quoted in the press release:

These targets lie approximately 500 meters north of Keefe Lake proper. In many cases, the target locations show multiple faults and distortions in the sandstone that are interpreted as areas of hydrothermal alteration. As such, the Company intends to drill into these areas of interpreted alteration, through the unconformity and into the faults. Depths to the unconformity are at approximately 200 meters, and it is intended that drilling will test the basement structures for a further 100 meters, for total depths of 300 meters.

Athabasca Uranium President and CEO, Gil Schneider commented:

“We are extremely excited about the interpretation and the high level of resolution the team was able to provide regarding faults and breaks in the unconformity. This technology is without question a lens into the earth and it is now quite evident why it is deployed by majors such as Cameco and successful juniors like Hathor.”

Click here to read the Athabasca Uranium (TSXV:UAX,OTCQX:ATURF) press release.

Click here to view the Athabasca Uranium (TSXV:UAX,OTCQX:ATURF) profile.

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