Alpha Exploration Inc. (TSXV:AEX) signed an option agreement with Noka Resources Inc. (TSXV:NX) for a 60% interest in Noka’s 20,637 hectare Carpenter Lake property straddling the south central rim of the Athabasca Basin in Northern Saskatchewan.
As quoted in the press release:
The Property was reviewed by the Alpha technical team, and was found prospective based on the following attributes:
- A major regional shear zone with known uranium enrichment – the Cable Bay Shear Zone (CBSZ);
- Presence of conductive graphitic pelites as defined by airborne and ground electromagnetic (EM) surveys, which are confirmed by diamond drilling;
- The historical EM surveys show favourable cross cutting structures disrupting the conductors of the CBSZ;
- Anomalous airborne uraniferous radiometric signatures associated with the CBSZ conductor system, and strongly anomalous uranium values in historical lake sediment results;
- Underexplored, and including several high priority geophysical targets associated with geochemical indicators for uranium mineralization on the Property.