Senator Minerals Applies for Permit for PNE Exploration
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 3, 2017) - Senator Minerals Inc. (TSX VENTURE:SNR)(OTC:SNRAF)(FRANKFURT:T1KA) ("Senator" or the "Company") is pleased to announce that the Company has applied for permits for its Phase 1 work program for its PNE Uranium project, located in the western Athabasca Basin, Saskatchewan. The first phase of the program will be overseen by Canexplor Management Ltd. and is to consist of a high-resolution ground gravity program, designed to define gravity-low anomalies, which have been pivotal in targeting and discovering mineral deposits in the western Athabasca Region. Broadly speaking, gravity surveys examine rock density and are useful in predicting and modeling subsurface alteration events.
The survey grid is to consist of up to 20 line kilometres and with an investigation depth of up to 550 metres. The results will be incorporated into the current exploration database, which includes DC resistivity and airborne magnetics, in order to define Phase 2 drill targets. The survey is expected to commence in the Spring of 2017.
The PNE project covers approximately 531 hectares, directly adjoining the easternmost boundary of Fission 3.0's Patterson Lake North (PLN) project. The PNE project was last explored in 2013 with an Alpha-Track radon cup survey, and in June, 2014, with a 5.7-line-kilometre DC resistivity survey, the latter performed by Patterson Geophysics.
The PNE project is located approximately 163 kilometres north of the town of La Loche, and approximately 48 kilometres south of the decommissioned Cluff Lake mine site. The project is accessible by ground vehicle from La Ronge via Saskatchewan highways 2, 155, 165 and 955.
Peter Born, P.Geo., a Qualified Person, has reviewed and approved the disclosure of technical information within this news release.
Tim Fernback, President & CEO
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Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Information provided in this document is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks Factors" in the Company's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.
