Takara Announces Planned Athabasca Basin Saskatchewan Uranium Exploration Program
TORONTO, ONTARIO / TNW-ACCESSWIRE / April 7, 2014 / Takara Resources Inc. ("Takara" or the "Company") (TSXV:TKK) is pleased to announce its planned 2014 exploration program. It will commence in the spring once drier ground conditions are present. Specifically Takara will carry out an airborne magnetometer and radiometric survey across its 19,100 Ha claims holdings just north of Uranium City, targeting the known structures containing uranium mineralization. Following the interpretation of the airborne survey results Takara will carry out ground surveys on the targets identified to establish drilling locations. Takara expects to be able to execute this program in an efficient time frame at comparatively lower cost.
Takara's initial exploration strategy is to target known bedrock hosted uranium mineralization in the past producing Beaverlodge district. The Company's claims have numerous uranium showings including trenches, drill holes, adits and shafts from production activity in the region dating back to the 1980's and earlier. These targets are expected to be less expensive and faster to find, delineate and develop than other deeper sandstone covered targets in the Athabasca Basin. As the demand for uranium increases in the next few years, potential near surface assets will be at a premium because of the ease of exploration and development. Having known uranium mineralization and past production on and near the property demonstrates the economic potential of the area.
Takara is also actively pursuing exposure to exploration assets elsewhere in the Basin to broaden our exploration asset portfolio. Our focus is areas of near the basin perimeter and/or shallow sandstone cover in order to maximize exploration efficiency. These negotiations currently include joint venture and acquisition opportunities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Chris Hopkins
President & CEO
Takara Resources Inc.
(416) 786-9793 (cell)
chopkins@takararesources.com
Statement Regarding Forward Looking Information
Certain information contained in this news release, including any information relating to the proposed transaction and Takara's future financial or operating performance may be deemed "forward-looking". These statements relate to future events or future performance and reflect Takara's expectations regarding the transaction, and the future growth, results of exploration, business prospects and opportunities of Takara. These forward-looking statements are subject to a variety of risks and uncertainties that are identified and disclosed. Although Takara believes that the forward-looking information contained in this news release are based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Takara expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
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