Noka - Alpha Commence Airborne VTEM Survey at Carpenter Lake Property, Athabasca Basin Saskatchewan
February 3rd, 2014, NOKA RESOURCES INC. ("Noka" or the “Company”) (TSX-V: NX) is pleased to announce that an airborne VTEM and magnetic survey has begun at Carpenter Lake, Athabasca Basin, Saskatchewan as part of Alpha Exploration Inc.’s (TSX-V: AEX) 60% option in on the Carpenter Lake Property from Noka Resources Inc. The VTEM and magnetic survey will cover an approximate 19 km strike length of the Cable Bay Shear Zone (CBSZ), and comprises 1,892 line-kms on lines spaced 100 m apart within the 20,637 hectare Property.
Upon further review of historical assessment records, additional electromagnetic (EM) conductors were found perpendicular and cross cutting the 225 degree trending CBSZ. It was determined that E-W flight lines would be ideal in locating both conductive trends. Offsets and sudden bends in EM conductors along with abnormally weak or strong conductivity will be prioritized for further follow up.
The Carpenter Lake Property is considered prospective based on the following attributes:
- A major regional shear zone with known uranium enrichment – the Cable Bay Shear Zone (CBSZ);
- Presence of conductive graphitic pelites as defined by airborne and ground electromagnetic (EM) surveys, which are confirmed by diamond drilling;
- The historical EM surveys show favourable cross cutting structures disrupting the conductors of the CBSZ;
- Anomalous airborne radiometric signatures for uranium are associated with the CBSZ conductor system, and strongly anomalous uranium values in historical lake sediment results;
- Underexplored area, including several high priority geophysical targets associated with geochemical indicators for uranium mineralization on the Property.
The airborne VTEM and magnetic surveys are anticipated to be completed in 10 to 14 days. Further work in winter 2014 will include sampling for radon in lake water and sediments by RadonEx Ltd. of St Lazare, Quebec. Additional work for the spring and summer 2014 is being planned to include airborne radiometrics, ground prospecting and geochemical sampling.
Darren L. Smith, M.Sc., P.Geol., of Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, reviewed the technical information in this news release
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.