Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“Athabasca Nuclear” or the “Corporation”) is pleased to report that is has acquired the Hat Au-Cu East Property.
The Hat Au-Cu East Property is located in the Sheslay region of British Columbia and was acquired through staking. The project is represented by mineral title 1043333 and is approximately 2,061 acres in size. An initial objective for the property is the identification of Au-Cu porphyry targets.
A map of the Hat Au-Cu East Property may be viewed at:
http://www.athabascanuclear.com/wp-content/uploads/2016/04/ASC-Hat-East-Au-Cu-Property.jpg
The Hat Au-Cu East Property shares a contiguous property border with the Hat Project being advanced by Doubleview Capital Corp. and includes, among its other attributes, all of the mineral tenure previously comprising the Hackett North project formerly belonging to Alix Resource Corp.
“The increase in domestic gold prices is resulting in an ongoing renaissance of gold exploration in Canada. Our acquisition of the Hat Au-Cu East Property is one that we believe offers an attractive opportunity to benefit from ongoing advancements in the Sheslay gold-copper district. As we develop our exploration plans for the Hat Au-Cu East Property we will look to conduct local stakeholder engagement.
Athabasca Nuclear has enjoyed considerable success when acquiring contiguous ground to upcoming exploration districts – including at our flagship Preston uranium exploration project which shares a lengthy 30+km contiguous property border with Nexgen Energy Ltd.’s Arrow-hosting Rook-1 property. We continue to look for project opportunities that add value for our shareholders,” stated Ryan Kalt, CEO of Athabasca Nuclear.
About Athabasca Nuclear Corporation
Athabasca Nuclear Corporation (TSXV:ASC) is an exploration company primarily focused on uranium through its 50% interest in the Preston Uranium Project, one of the largest tenure positions in the emerging Western Athabasca Basin. The Corporation also holds other mineral exploration projects including its district-scale Wollaston NE Uranium Project and other select gold and nickel-PGM opportunities. More information about Athabasca Nuclear and its projects may be found at www.athabascanuclear.com.
Signed,
Ryan Kalt, Chief Executive Officer
Qualified Statement
The technical information in this news release has been prepared in accordance with 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.
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:
Brian Biles
Investor Relations
604-329-4421
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www.athabascanuclear.com
