Noka Completes Technical Review Of Lodgepole Point Uranium Project, Southern Athabasca Basin
Vancouver, British Columbia, January 18, 2017 – Noka Resources Inc. (TSXV: NX) (9BR1: Frankfurt) (the “Company” or “Noka”) is pleased to announce that it completed a technical review of its Lodgepole Point Uranium Project, which covers ~4773 hectares in the Cree Lake area on the southern margin of the Athabasca Basin, Saskatchewan and identified several fundamental similarities to Nexgen’s Rook 1 Project in the Patterson Lake corridor.
Both the Rook 1 and Lodgepole Point projects contain structurally controlled northeast trending features, along the southern margin of the Athabasca Basin that contain hydrothermally altered lithologies with anomalous levels of pathfinder elements. First pass drilling of the Horse conductors, which were initially identified by geophysical programs completed by JNR Resources, identified highly mylonized and altered graphitic pelite units, containing up to 65% graphite. The drilling, which only superficially penetrated the basement, also encountered highly altered units containing anomalous levels of base metals elements, such as copper and zinc. Recommended work at Lodgepole Point would include the drilling of the basement layer, to depths of up to 500m. The depth to the basement is a nominal 50-150m.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Richard Kusmirski, P.Geo., M.Sc., a Director of Noka, as well as a Qualified Person.
ON BEHALF OF THE BOARD
Nav Dhaliwal, President and Chief Executive Officer
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