Well Known Athabasca Basin Geologist Joins Makena
December 5, 2013 (Source: Marketwired) — Makena Resources Inc. (“MKN”, “Makena” or the “Company”) (TSX VENTURE:MKN) is pleased to announce that Dr. Karl Schimann, a well known Athabasca Uranium geologist, has accepted a position on the Company’s advisory committee.
Dr. Schimann possesses extensive experience in mineral exploration, spanning a career in exploration geology of over 40 years and across three continents. He has participated in significant discoveries for uranium and base metals and has also led various exploration and mining initiatives for gold and diamonds. Between 1977 to 1997, Dr. Schimann was employed by French uranium giant AREVA (previously COGEMA) as a Senior Geologist and Project Manager, where he was a key member of the team that undertook the discovery and development of the massive Cigar Lake uranium mine. In total, he spent twenty years with AREVA, ten of which were in uranium exploration and mine development, mainly in the Athabasca Basin.
Makena recently acquired the Patterson Uranium Prospect, which may be prospective for uranium consisting of three claim blocks totaling 6,687 hectares (16,524 acres), which are all located in the Athabasca Basin. The west block directly borders the recent discovery on the Patterson Lake South Property by Alpha Minerals Inc. and Fission Energy Corp. The other two blocks are in the direct vicinity of the discovery.
Negar Adam, President of Makena Resources states, “Adding a uranium geologist with Dr. Schimann’s experience and world class pedigree within the Athabasca Basin to the advisory committee clearly demonstrates Makena’s focus on developing the Patterson Block of properties. Management is pleased that Dr. Schimann, who was a key member of the team that discovered the world class Cigar Lake Uranium Deposit, would accept this position, which therefore makes management optimistic about the quality of the uranium project we are about to start operations on. Considering Makena is also the smallest market capitalized company bordering the PLS discovery, management looks forward to the upcoming year as Makena implements an aggressive work program on the Patterson Uranium Prospect.”
Recently, Makena retained Aeroquest Airborne to conduct a VTEM max program over the three uranium blocks in the Patterson Lake Area of the Athabasca Basin, Saskatchewan. We anticipate the survey to commence in December. This survey will assist in locating the basement indicators on the properties.
Makena also holds a 50% interest the Clone property in Stewart, BC. To date, Makena has achieved significant drill results that returned grades of 12.80 m (42ft) of 44.75g/t (1.305oz/t)(12/22/09) gold values including 4.87m (16 ft) of 76.80g/t (2.240oz/t) and a 102 tonne bulk sample that returned grades 4 oz/t or 139.2 g/t gold (10/22/11) over the 102 individually tested tonne samples.
Negar Adam, President, Director
Makena Resources Inc.
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 press release.
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