Makena Commences VTEM Max Survey on Uranium Prospects in the Athabasca Basin
January 15, 2014 (Source: Marketwired) — Makena Resources Inc. (“MKN”, “Makena” or the “Company”) (TSX VENTURE:MKN) is pleased to announce that it has been informed that the VTEM max program has commencedover its three uranium blocks in the Patterson Lake Area of the Athabasca Basin, Saskatchewan. The purpose of this survey is to assist in locating the basement indicators on the properties.
Negar Adam, president of the Company states, “This is the first step in regards to developing the exciting Patterson Uranium claim blocks. This process has been instrumental in the early stages of other uranium discoveries and we look forward to using the results to further implement our aggressive work program. Makena is currently the smallest market capitalized company bordering the significant uranium discovery made by Fission at the PLS property, thus potentially providing Makena tremendous leverage to any additional positive news within this area.”
According to Aeroquest Airborne, “The VTEM max or Versatile Time Domain Electro Magnetic system is the most innovative and successful airborne electromagnetic system to be introduced in more than 30 years. The proprietary receiver design using the advantages of modern digital electronics and signal processing delivers exceptionally low-noise levels. Coupled with a high dipole moment transmitter, the result is unparalleled resolution and depth of investigation in precision electromagnetic measurements.
“The system was designed to be field configurable to best suit a large variety of different geophysical requirements from deep penetration to optimizing the discrimination within a narrow range of resistivity values.”
MKN 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 (please refer to maps on the Company’s website www.makenaresourcesinc.com)
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.
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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.
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>