Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (“Athabasca Nuclear” or the “Corporation”) reports that further to its news release of October 28, 2015, it has received the report on its recent fall airborne geophysical survey at Prongua Lake, as interpreted and prepared by Campbell and Walker Geophysics Limited (“C&W”). C&W ranks targets based on a 1-5 scale, with 1 being classed as a likely or probable kimberlite and 5 being classed as most likely not a kimberlite. According to the C&W report, rank 4 targets are generally not felt worthy of concerted ground investigation unless ancillary information is suggestive of prospective bodies. The C&W report identified a total of 3 geophysical anomalies, with two anomalies being classed as rank 4 targets and one anomaly classed as a rank 3 target. No rank 1 or rank 2 targets were identified.
Other Matters
The Corporation also reports that the continuation of the Corporation from Alberta to British Columbia, which was approved by the Corporation’s shareholders at its annual and special meeting of shareholders held on September 8, 2015, was completed on November 10, 2015.
Qualified Statement
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Carl Schulze, B.Sc., P.Geo, a Director of Athabasca Nuclear and a Qualified Person.
About Athabasca Nuclear Corporation
Athabasca Nuclear Corporation (TSXV:ASC) is an exploration company focused primarily on uranium exploration in the Western Athabasca Basin in Saskatchewan, Canada, and other select opportunities. Further information about Athabasca Nuclear Corp. 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:
Ryan Kalt
Chief Executive Officer
604-681-8835
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.athabascanuclear.com
