Athabasca Nuclear Corp. Announces Lithium Exploration Program for Whabouchi-District Projects
31.05.2016 | FSCwire
Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“ASC” or the “Corporation”) is pleased to report that a fully-funded work program has been approved by the Corporation for its Spodumene Lake and Dumont lithium projects located within the Whabouchi lithium district.Project Map
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“This work program will represent ASC’s inaugural exploration of our recently-acquired Spodumene Lake and Dumont lithium projects, which are both located in close proximity to Nemaska Lithium’s Whabouchi deposit. We are excited to explore for other potentially significant spodumene lithium deposits in the area, including examination of mapped pegmatites already identified on our Dumont lithium project,” stated Ryan Kalt, CEO of the Corporation.
Details about the Planned Exploration Program
The program will begin with a data compilation of historic exploration work and geological mapping completed in the area. This will allow for a prioritization of targets for the initial ground exploration work to be completed by the Corporation.
The ground work will follow and include prospecting of the previously mapped pegmatite occurrences, with an emphasis on identifying any that may be spodumene bearing. Prospective pegmatites will be further mapped and undergo surface grab and/or channel sampling for further assessment of mineralization potential.
A regional program will also be advanced, with the objective of discovering new pegmatite occurrences that may be spodumene bearing. This work will include soil geochemical surveys and potential stream sediment sampling.
Management cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the Corporation’s properties.
Qualified Person
Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release.
About Athabasca Nuclear Corporation
Athabasca Nuclear Corporation (TSXV:ASC) is an exploration company holding a 100% position in the Spodumene Lake and Dumont Lithium Projects, which combined represent the large tenure position in the Whabouchi Lithium District and a 50% interest in the district-scale Preston Uranium Project, one of the largest tenure positions in the emerging Western Athabasca Basin. More information about ASC and its projects may be found at www.athabascanuclear.com.
Signed,
Ryan Kalt, Chief Executive Officer
Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Info:
Athabasca Nuclear Corporation
Brian Biles, Investor Relations
604-329-4421
athabascanuclear@gmail.com
www.athabascanuclear.com