Makena Closes on Athabasca Uranium Prospect Bordering the Patterson Lake South Discovery
October 3, 2013 (Source: Marketwired) — Makena Resources Inc. (the “Company”) (TSX VENTURE:MKN) wishes to announce that it has received TSX Venture Exchange approval regarding the agreement on the Patterson group of claims prospective for uranium and has now closed on this option agreement. This acquisition consists of three claim blocks totalling 6,687 hectares (16,524 acres), which are all located in the Athabasca Basin. The west block directly borders the recent discovery at the Patterson Lake South (“PLS”) Prospect of Alpha Minerals Inc.’s and Fission Energy Corp.’s. The other two blocks are in the direct vicinity of the discovery (please refer to maps on the Company’s website www.Makenaresourcesinc.com) Management is anticipating the starting operations on this new project this month.
Negar Adam, President of Makena states, “Being the smallest market capitalized company that borders this exciting discovery provides Makena with the opportunity to have tremendous leverage in this area. We anticipate an aggressive work plan to commence shortly and look forward to what impact this may have on our future growth.”
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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Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>