Western Athabasca Syndicate Identifies Uranium Anomalies at the Preston Lake Property, Saskatchewan

Athabasca Nuclear Corporation (TSXV:ASC) announced the results from its initial lake sediment geochemical survey on the Western Athabasca Syndicates’ 246,643 hectare Preston Lake Property located south of Patterson Lake South’s high-grade uranium discovery.

Highlights from the survey include:

Confirmation of several historic clusters of anomalous U concentrations well above the background value of 1.0 ppm U in lake sediments

* A total of 133 samples have an anomalous U value including a peak of 7.0 ppm U; for comparison, the highest value down-ice from the PLS discovery is 3.8 ppm U

* In most cases the uranium and pathfinder element anomalies correlate with areas of interest generated independently through the interpretation of airborne VTEM and radiometric geophysics, radon in water samples and historic data reviews

* Identification of a new target area (termed ‘Montgrand Lake Zone’) with anomalous U and pathfinder element concentrations

* Final results from the Phase 2 and Phase 3 exploration programs are still pending and will be reported when received; the bulk of this field work has been focused in the northeast portion of the Preston Lake Property

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