Makena Intersects Uranium on Athabasca Drill Program
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2015) - Makena Resources Inc. (TSXV: MKN) (the "Company" or "Makena"), has been informed by the site geologist that the first drillhole on the Patterson Project intersected a continuous section of anomalous radiometric response over the entire 113 metres of basement intersection. Shearing and brecciation occurs all along the 113 metres of granitic basement core, associated with clay alteration and alternating bleached and hematised sections down to the end-of-hole.
Karl Schimann, geologist for the project states, "The results are encouraging. To encounter a radioactive spike below the unconformity that corresponds to a zone of shearing shows we are in the right neighbourhood. The next phase of drilling can now be guided by the upcoming laboratory results with the intention to locate higher grade uranium mineralization within the target area."
Probing of drill hole PAT15-001 shows radioactivity in the basement to be more than twice the usual background for Athabasca Basin basement, with a 10-metre section just below the unconformity averaging 175 cps with spikes over 250 cps. A spike at 300cps, 93 metres below the unconformity corresponds to a zone of shearing.
This high radioactive background together with the alteration observed on core suggests the presence of mineralizing fluids along the unconformity. A series of samples have been sent for multi-element analyses, including lead isotopes, and hyperspectral scanning. Results from chemistry and hyperspectral analyses on core samples will complement the visual observations on core and the down-hole probing data, and guide future drilling on this developing target.
Management believes the Patterson prospect may have a large structurally controlled target in the basement rocks, within the gravity anomaly footprint. The recent success with discovery of significant uranium mineralization on the nearby Triple R and Arrow uranium discoveries show that this area of the Southwestern Athabasca basin has significant undiscovered potential. This prospect directly border the claims of Fission Uranium Corp.'s (TSX: FCU) PLS discovery. The shallow nature of the mineralization in the current drillhole, and the extensive background response in the granite basement, provides significant encouragement for further drilling of this target.
Dr. Karl Schimann, PhD, PGeo, is the qualified technical person responsible for this news release.
Makena optioned this property from CanAlaska Uranium Ltd. originally on August 28, 2013 and last amended the agreement on September 30, 2015. Makena is the operator.
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