The Western Athabasca Syndicate, which includes Athabasca Nuclear Corp. (TSXV:ASC) , Skyharbour Resources Ltd. (TSXV:SYH), Noka Resources Inc. (TSXV:NX) and Lucky Strike Resources Ltd. (TSXV:LKY), started a ground gravity geophysical survey at its Preston Lake Uranium Property. Following the data from the Syndicate’s extensive, three-phase summer field program, it is interpreting and evaluating field results and make final recommendations as to the $600,000 winter program.
According to the company press release:
The fieldwork will start with ground gravity to locate areas of hydrothermal alteration associated with known conductors. These areas will be further defined using radon and EM surveys to locate specific targets for drill testing on or about March, 2014.
-- Winter exploration program has commenced with Phase 4 consisting of ground gravity, radon and EM surveys to refine specific drill targets around March, 2014. -- The Syndicate has invested $1.5 million on the Preston Lake property to-date and has delineated more than fifteen high-priority areas associated with eight prospective exploration corridors and coincident geochemical anomalies similar to the corridor hosting the high-grade PLS discovery. -- Given the size of the property, exploration to date has only focused on approximately half of the land package leaving significant exploration upside potential in untested areas.