Noka et al. start ground gravity survey at Preston Lake

Dec 11, 2013

THE WESTERN ATHABASCA SYNDICATE COMMENCES WINTER EXPLORATION PROGRAM ON ITS PRESTON LAKE URANIUM PROPERTY IN THE PATTERSON LAKE REGION OF SASKATCHEWAN

Noka Resources Inc., Skyharbour Resources Ltd., Lucky Strike Resources Ltd. and Athabasca Nuclear Corp. (the Western Athabasca syndicate) have commenced a ground gravity geophysical survey at the flagship Preston Lake uranium property. Upon receiving the final data from the extensive, three-phased summer field program, the Syndicate’s Technical Team recently met in Cranbrook to evaluate and interpret all of the results and to make final recommendations for the $600,000 winter program. The fieldwork will start with ground gravity to locate areas of hydrothermal alteration associated with known conductors. These areas will be further refined using radon and EM surveys to locate specific targets for drill testing in March 2014.

The 246,643 hectare Property, held by the Syndicate, is the largest land package proximal to Alpha Minerals and Fission Uranium’s Patterson Lake South (“PLS”) high-grade uranium discovery. The Syndicate continues to employ a systematic, proven exploration methodology that has led to numerous uranium discoveries in the region and throughout the Athabasca Basin. This has been very effective with the summer program yielding numerous high-quality targets with similar geological features and exploratory indicators also present at the nearby PLS discovery.

Highlights:

Adot Winter exploration program has commenced with Phase 4 consisting of ground gravity, radon and EM surveys to refine specific drill targets for March 2014 Adot The Syndicate has invested $1.5 million in expenditures on the Property to date and has delineated more than fifteen high-priority areas associated with eight highly prospective exploration corridors and coincident geochemical anomalies similar to the corridor hosting the high-grade PLS discovery Adot Of the fifteen areas associated with the corridors, the seven most prospective are being followed up on in the current program Adot Given the size of the Property, exploration to date has only focused on approximately half of the land package leaving significant exploration upside potential in untested areas

Commencement of the Winter Exploration Program:

The ground gravity survey will evaluate seven high-priority areas to locate extensively altered basement rocks associated with basement conductors. The leaching and replacement of basement rocks by hydrothermal basinal fluids creates a density contrast resulting in a relative gravity low. Zones of extensive, intensive, alteration are associated with strong uranium mineralization elsewhere in the Athabasca Basin and these anomalies will be used to prioritize and accurately locate areas for detailed radon and EM surveys, leading to specific drill targets. The survey will cover approximately 50 square kilometers and is being carried out by MWH Geo-Surveys Ltd.

High-Priority Targets from the 2013 Summer Program:

The 2013 summer exploration program was completed in mid-October in which a total of 42 rock, 653 soil, 404 radon in water, 181 radon in soil, 766 biogeochemical, and 253 lake sediment samples were collected and analyzed, in addition to 1,046 square kilometres of airborne VTEM and 876 square kilometres of airborne radiometric surveys. This was one of the largest regional exploration programs carried out in the Athabasca Basin during the year, with over $1.5 million in expenditures on the Preston Lake Property to date.

Integration of the geochemical and geological data with the airborne geophysics and historic data has delineated more than fifteen high-priority areas associated with eight highly prospective exploration corridors. The Property’s prospective corridors are very similar to the corridor hosting the high-grade PLS discovery by Alpha Minerals and Fission Uranium. Management cautions, mineralization present on proximal properties (or `corridors’) is not necessarily indicative of mineralization on the Syndicate’s Property.

A high potential exploration corridor may be defined as prospective, parallel trends of conductors, magnetics lows, and interpreted structures. These corridors remain largely underexplored south of the Basin, having been ignored historically. However, the Syndicate’s 2013 airborne geophysical data has confirmed that at least eight high-potential corridors extend onto the Preston Lake Property. Moreover, integration of the 2013 summer ground sampling data further enhances the corridor potential with multiple coincident geochemical and radon anomalies.

Of the 15 areas associated with the corridors, the seven most prospective are being followed up on in the current program, which will extend through February. This data will be used for final targeting in advance of drilling anticipated to commence in March 2014.

Qualified Person:

Athabasca Nuclear President and CEO, Charles C. (Chuck) Downie, P.Geo., is the Qualified Person as defined by National Instrument 43-101 and has approved the technical information in this release.

We seek Safe Harbor.

http://nokaresources.com/index.php/news