Cable Bay Shear Zone Lights Up With Strongly Anomalous Radon At Carpenter Lake Property, Athabasca Basin
Vancouver, BC – April 14, 2014: Noka Resources Inc. (TSX-V: NX, FSE: 2NK) ("Noka") is pleased to announce that a radon in lake water and sediment survey has been completed at Carpenter Lake, Athabasca Basin, Saskatchewan as part of Alpha Exploration Inc.'s (TSX-V: AEX) Option Agreement to earn a 60% interest in the Carpenter Lake Property from Noka. The radon survey was conducted by RadonEx Exploration Management of St. Lazare, Quebec, and comprised 895 sample locations over a 16 km strike length of the Cable Bay Shear Zone ("CBSZ") within six grids (A to F) on the 20,637 hectare Property.
The radon survey tested electromagnetic ("EM") conductors covered by water bodies that were confirmed in a detailed airborne VTEM and magnetic survey completed in February 2014 by Aeroquest International Limited. Detailed grids were laid out for radon in lake water and sediment sampling focussed on cross structures apparent from flexures and breaks in the EM conductors. This is the same technology developed by Alpha Minerals and RadonEx Management that the Alpha Joint Venture ("JV") used in the discovery of the high-grade and shallow uranium mineralization at Patterson Lake South.
Radon results by each grid follow:
- Grid A shows two trends with weakly to strongly anomalous radon values within the CBSZ that have strike lengths of over 460 m and 580 m. Radon values range from -40 pCi/L to 67 pCi/L.
- Grid B is located north of the CBSZ, and returned multiple strongly anomalous radon values associated with kinked VTEM conductors. Radon values range from -41 pCi/L to 45 pCi/L.
- Grid C contains strongly anomalous radon values within three of the four lakes tested within the CBSZ. One of these lakes runs parallel to a VTEM conductor, and shows strong radon values up to 264 pCi/L over a 550 m strike length. Radon values range from -18 pCi/L to 264 pCi/L.
- Grid D shows strongly anomalous radon values in five out of five lakes tested within the CBSZ. Radon values range from -31 pCi/L to 59 pCi/L.
- Grid E covers Esker Lake which is situated along the CBSZ, and shows numerous strong radon anomalies located above VTEM conductors that range from -40 pCi/L to 108 pCi/L.
- Grid F is located north of the CBSZ on Carpenter Lake, and shows several strong radon anomalies associated with a broken up and displaced VTEM conductor. Radon values range from -27 pCi/L to 337 pCi/L. Carpenter Lake has the highest radon in water value and historical lake sediment uranium concentration on the Property.
Updated maps showing the Radon In Water and VTEM can be found at the Noka website:
A total of 60 lake sediment samples were recovered, and have been submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which includes a 63 element ICP-OES, and uranium by ICP-MS. These geochemical results will be reported when they become available.
Summer exploration at Carpenter Lake will include a detailed high-resolution airborne gamma radiation spectrometric survey (radiometrics), which has a demonstrated capability to locate near surface uranium boulders, such as those located by Alpha's VP of Exploration on the Patterson Lake South (PLS) property in June 2011. Those boulders were located down ice from the very large, high grade mineralization discovery by Alpha Minerals JV at PLS. The survey will be covering historical regional scale radiometric surveys that indicate several anomalous radioactive centres. The detailed radiometric survey will be followed by ground prospecting, geochemical and radon sampling.
About Noka Resources Inc.:
Noka Resources Inc. is a junior exploration company with a focus on uranium in the prolific Athabasca Basin, Northern Saskatchewan. Noka's exploration strategy is focused in relatively underexplored areas of the Athabasca Basin Region, targeting favourable geology and structure amenable to near surface, unconformity-style uranium mineralization.
With a total land position of 488,463 hectares, Noka holds one of the largest geologically prospective land packages in the region through a 100% interest in the Clearwater (which includes the Carpenter Lake) and Athabasca North group of properties, as well as a 25% interest in the Western Athabasca Syndicate group of properties.
For further information, please contact Nav Dhaliwal, President, at [email protected] or visit www.nokaresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
Neither 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 release.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.