• Connect with us
  • Information
    • About Us
    • Contact Us
    • Careers
    • Partnerships
    • Advertise With Us
    • Authors
    • Browse Topics
    • Events
    • Disclaimer
    • Privacy Policy
  • NORTH AMERICA EDITION
    Australia
    North America
    World
Login
Investing News NetworkYour trusted source for investing success
  • NORTH AMERICA EDITION
    North America
    Australia
    World
  • My INN
Videos
Companies
Press Releases
Private Placements
SUBSCRIBE
  • Reports & Guides
    • Market Outlook Reports
    • Investing Guides
  • Button
Resource
  • Precious Metals
  • Battery Metals
  • Base Metals
  • Energy
  • Critical Minerals
Tech
Life Science
Company Market
Company News
Company Stocks
  • Company Market
  • Company News
  • Company Stocks

Makena Resources Uncovers Gravity Anomaly at Patterson Uranium Prospect

Written by Investing News Network
|
Apr. 09, 2015 11:35AM PST

Makena Resources Inc. (TSXV:MKN) discovered multiple gravity anomalies including one that is 1.5 km long by 0.5 km wide on its Patterson Uranium Prospect. The property directly borders Fission Energy’s Patterson Lake South discovery in the Athabasca Basin, Saskatchewan.

Makena Resources Inc. (TSXV:MKN) discovered multiple gravity anomalies including one that is 1.5 km long by 0.5 km wide on its Patterson Uranium Prospect. The property directly borders Fission Energy’s Patterson Lake South discovery in the Athabasca Basin, Saskatchewan.

As quoted in the press release:

Makena Resources Inc. (the “Company” or ” Makena”) (TSX-V: MKN) wishes to announce that the recent work program on the Patterson Uranium Prospect has uncovered multiple anomalies including a 1.5 by 0.5 km discovery. Immediate drilling is being planned to fully investigate these findings. Makena’s Property directly borders Fission Energy Corp’s (FCU-TSX) world class “Patterson Lake South (PLS)” discovery in the Athabasca Basin of Saskatchewan.

Dr. Karl Schimann stated, “The ongoing gravity surveys on the Patterson Project have outlined multiple intense gravity low anomalies. The largest and most intense is 1.5 km long by 0.5 km wide and correlates with magnetic lineaments as well as with VTEM conductive anomalies. This strong anomaly is close to, and parallel to, the magnetic boundary marking the edge of the Clearwater Domain. Drill hole CLU11-79 is also close to this boundary and the basement intersected in this drill hole is mylonitised and clay/sericite-altered. Immediate drilling is warranted on this anomaly.”

Makena Resources President, Negar Adam, said:

We feel the findings so far are promising. Obtaining a clear drill target on this property is exciting for both management and our shareholders. Considering we are bordering one of the most anticipated uranium projects in the world (Fission’s Patterson), and in the direct vicinity of what may possibly be the next discovery (NexGen’s Arrow and Rook), we are positioned strategically within the best uranium district in the world. We eagerly anticipate conducting our first drill program on this prospect.

Click here to read the Makena Resources Inc. (TSXV:MKN) press release
Click here to see the Makena Resources Inc. (TSXV:MKN) profile.

patterson lake south makena resources tsxv:mkn athabasca basin fission energy
The Conversation (0)

Go Deeper

AI Powered

Monthly Stock Catalysts

The Core Shack Dozen: Fission Uranium Exceeds Expectations at Patterson Lake South

Latest News

Outlook Reports

Resource
  • Precious Metals
    • Gold
    • Silver
  • Battery Metals
    • Lithium
    • Cobalt
    • Graphite
    • Electric Vehicles
  • Agriculture
  • Base Metals
    • Copper
    • Nickel
    • Zinc
  • Critical Metals
    • Rare Earths
  • Energy
    • Uranium
    • Oil and Gas
Tech
    • Artificial Intelligence
    • Cybersecurity
    • Robotics
    • Crypto
    • Cleantech
Life Science
    • Biotech
    • Cannabis
    • Pharmaceuticals

Featured Stocks

More featured stocks

Browse Companies

Resource
  • Precious Metals
  • Battery Metals
  • Energy
  • Base Metals
  • Critical Metals
Tech
Life Science
MARKETS
COMMODITIES
CURRENCIES