Makena Retains Aeroquest for VTEM Max Survey on Uranium Prospects in the Athabasca Basin
November 28, 2013 (Source: Marketwired) — Makena Resources Inc. (“MKN”, “Makena” or the “Company”) (TSX VENTURE:MKN) is pleased to announce that it has retained Aeroquest Airborne to conduct a VTEM max program over Makena’s three uranium blocks in the Patterson Lake Area of the Athabasca Basin in Saskatchewan. The Company anticipates the survey to commence in December. The VTEM Max system has been chosen for its depth penetration and vertical/spatial resolution of graphitic conductors that are prospective hosts for unconformity-style uranium deposits.
Negar Adam, president of the Company states, “We are pleased to be able to retain Aeroquest for this survey. They have done extensive work throughout the basin assisting in identifying multiple uranium targets. We look forward to starting work on this exciting prospect, which directly borders Fission’s and Alpha’s Patterson Lake South Uranium discovery.”
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According to Aeroquest, “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.
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>