Post by
buddyboybruce on Feb 15, 2017 9:03pm
Carter Lake Uranium Project (West Athabasca Basin)
Unity Reacquires Strategic Uranium Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 14, 2016) - Unity Energy Corp. (TSX VENTURE: UTY) "Unity" or the "Company" has reacquired its 100% interest in the Carter Lake Uranium Project (West Athabasca Basin) through the termination of an earn-in agreement with Aldever Resources Inc. The project covers ~1113 hectares on the Carter Lake Corridor, an exploration zone adjacent to the Patterson Lake Corridor, which hosts two of the most significant recent discoveries in the basin, some 21km to the southwest: Nexgen's Arrow Prospect and Fission's Patterson Lake South Deposit. The project also lies within ALX Uranium Corp.'s Hook-Carter Project. Depths to basement at Carter Lake are estimated at between 400-500m, directly comparable with the depth to mineralization at the McArthur River mine.
About the acquisition, Dr. Peter Born commented, "Given the tremendous success of Nexgen, the board is very enthusiastic about our reacquisition of Carter Lake and is in the process of designing Phase 1 ground work for the 2016 season."
The technical contents of this news release have been prepared under the supervision of Dr. Peter Born, P. Geo. Dr. Born is a Qualified Person, as that term is defined in National Instrument 43-101.