Kirrin Resources Inc. (CVE:KYM) reports the completion of a number of milestones at its Key Lake Southwest uranium property, Athabasca Basin, Saskatchewan, Canada.
The press release is quoted as saying:
The eastern margin of the Athabasca Basin is home to the most productive and highest grade uranium mines in the world with roughly 25% of the world’s uranium production coming from this area. Kirrin’s target at KLSW is basement-hosted unconformity-type uranium deposits, similar to Cameco’s basement-hosted Millennium deposit, located about 50 km to the northeast; the Phoenix discovery, located about 60 km northeast; and the former Key Lake Mine, located about 35 km east-northeast. Kirrin is earning a minimum 70% interest in the KLSW property by spending $3.0 million on exploration and making payments of $310,000 by 31 December 2015. Kirrin is current on its obligations.
Click here to access the entire news release.
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