Athabasca Uranium provides Keefe Lake exploration update

Athabasca Uranium Inc. (TSXV:UAX,OTCQX:ATURF) reports that it is in the final stages of preparing for its diamond drill program at the Keefe Lake uranium project, Athabasca Basin.

The press release is quoted as saying:

The Company has planned a 10 short-hole (approximately 3,000 meters) program to test high-value targets defined by a high resolution 2D seismic survey (2008) and several current airborne Mag/EM surveys. Target depths are expected to range between 200-300 meters. With permitting and ramp-up nearing completion, the Company expects to commence drilling within the next few weeks.

Athabasca’s President and CEO, Gil Schneider says:

“As with Roughrider, Keefe Lake has been examined with seismic, an important element in Hathor’s discovery success. Athabasca Uranium is very pleased with Dr. Hajnal bringing his “discovery experience” to bear upon our project”.

“Shareholders should be very pleased with the Company’s evolution to date; in just over a year, Athabasca Uranium has accumulated some of the finest exploration projects in the Basin and now stands at the threshold of its first exploration holes. We are all very proud to have brought some of the Basin’s best scientific and technical minds to our projects, and are optimistic about the upcoming drill program and the outlook for the uranium energy sector in general.”

Click here to access the entire news release.

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