Cranbrook-based Athabasca Nuclear opens TSX Trading Day

The main focus of Athabasca Nuclear is exploring its uranium projects located along the southwest margin of the Athabasca Basin in northern Saskatchewan, particularly the large Preston Lake Property located approximately 20 kilometres to the south and to the west of the Fission Energy/Alpha Minerals discovery at Patterson Lake South.

Saskatchewan Project Highlights:

• Over 150,000 ha of tenure acquired in a new under-explored uranium camp near the SW corner of the Athabasca Basin, Saskatchewan
• The large Preston Lake Project is located less than 20 kilometres to the west and to the south of the Patterson Lake South discovery made by Fission Energy and Alpha Minerals
• The Preston Lake Project is on trend with the geology at the Patterson Lake discovery and contains a large magnetic anomaly interpreted to be of Archean gneisses
• The all-weather Highway 955 bisects the Preston Lake Property
• In-house technical expertise in Archean basement uranium exploration

Secondary to the main goal is the development of the Yellowjacket Gold Project, located 9km east of the town of Atlin, B.C. This project was the site of a gold rush in the late 19th century, coincidental with the Klondike, and produced over 1m ounces gold recorded. Development plans include:

• Resource development of the lode gold mineralization at the three known zones and along strike within the project. The strike length of the main Atlin structure within the project is approximately 7 kilometres. See a map of these at the Yellowjacket project page
• To produce gold from open pit mining operations at the Yellowjacket Zone.
• The long-term goal is to develop a substantial gold resource that will attract the acquisition interest of a large mining company

Yellowjacket Project Highlights:

• The Yellowjacket Project is located 9 kilometres east of Atlin, BC and is accessed by all-season road
• Hydro-electric power is located within 5 kilometres of property boundaries
• The project is permitted for an open pit gold mine with an onsite 400 tpd mill and concentrator, processing up to 75,000 tons per year
• Gold may be recovered using a simple gravity concentrating recovery plant without the use of chemicals or additives
• Yellowjacket Resoures owns both mineral (hard-rock) and placer rights within the project area
• The project is located within the traditional territory of the Taku River Tlingit First Nation who have entered into a formal Impact and Benefits Agreement with respect to the project 

Corporate History

In December 2011, Athabasca Nuclear was created by way of plan of arrangement and spun-off from Eagle Plains Resources on a one for three share basis to the shareholders.