Noka Resources
Inc. (TSX VENTURE:NX) is the subject of a Uranium Miner Journal
Review offering insight and opportunity afforded investors as Noka
possesses several uranium properties in Canada's Athabasca Basin and
is highly prospective for high-grade uranium discovery of
significance on strategic ground it is advancing. The recent
discovery of shallow, high-grade uranium deposition along the
south-western margin of the basin at Patterson Lake South (PLS) by
Fission Uranium and Alpha Minerals puts NX.V at the forefront of
what many geologists believe is just the beginning for the southern
region of the basin. It is entirely likely that multiple discoveries
will ensue and a brand new uranium district will evolve from this
PLS discovery with NX.V as a key participant. This week Noka
released strong initial radon-in-water survey results on its Western
Athabasca Syndicate Property, the anomalies are a strong indicator
for the presence of uranium mineralization. Noka also this week
provided an exploration update on its 100% owned Athabasca Basin
Properties.
The full Uranium Miner Journal review may be viewed at
http://uraniumminer.net/nx.htm online.
The PLS discovery is relatively new and it is a game-changer; it is
located on the western lip of the basin which has been historically
ignored from an exploration standpoint, and the near surface nature
suggests lower exploration and extraction costs. At a time when
margins are everything, the PLS discovery propels the surrounding
ground (Noka's ground, in part) as the hottest/most prospective
exploration spot to be. The PLS discovery has yielded phenomenal
high-grade results (i.e. 49.5m of 6.26% U3O8, including 6m of 35%
U3O8, 53.0m of 6.57% U3O8, including 10.5m of 29.26% U3O8, and 34m
of 4.92% U3O8, including 12.5m at 12.38% U3O8). Further, some of the
latest news coming out of PLS reveals continued wide, continuous,
and strong results.
A track record of uranium home-runs: Noka's lead consulting
geologist, Jody Dahrouge, has a track record of major uranium
home-runs; he's a past President of Fission Energy and was also a
Director of Fission (up until the take-out by Denison earlier this
2013), impressively he is responsible for the conceptualization and
acquisition of Waterbury Lake (J-Zone), Patterson Lake, and in part
Patterson Lake South. He has chosen Noka Resources to work with as
he believes it has serious potential for a near-term major uranium
find. Noka also has on its board of directors geologist Darren Smith
whom was intimately involved with the above referenced properties.
Noka's top two projects to advance this 2013 for the potential of
uranium discovery of significance are its 1) Clearwater land package
and 2) Noka's Western Athabasca Syndicate group of properties with
special focus on Preston Lake:
1) Noka's 100% owned Carpenter & Nyberg Lake Properties (part of its
Clearwater land package in the south basin) appears to be a
discovery waiting to happen. It has all the active ingredients with
much of the potential coming out of historic government regional
sampling data where a number of highly anomalous lake sediment
samples were collected (89.5 ppm Uranium; the highest known number
in the map area). The historic sampling also exhibited strong
anomalous pathfinder elements. A 2010 Geological Survey of Canada
radiometric survey identified a greater than 1 km long, linear,
radiometric anomaly (Uranium) parallel to the Cable Bay Shear Zone
with some of the highest radiometric readings in Northern
Saskatchewan.
2) Noka's Western Athabasca Syndicate partners are Athabasca Nuclear
Corporation (TSX VENTURE:ASC) as operator, Skyharbour Resources Ltd.
(TSX VENTURE:SYH) , and Lucky Strike Resources Ltd. (TSX VENTURE:LKY) --
the arrangement allows Noka to advance the prospect in an affordable
manner toward meaningful discovery while mitigating risk. The
syndicate's current/primary focus is on the Preston Lake property
near the PLS discovery (of Fission & Alpha) -- the belief is that a
similar type deposit exists on the syndicates ground. New VTEM and
radiometric surveys flown over Preston Lake this Q3 2013 has mapped
a promising array of structures and conductors associated. New
results [September 26, 2013] from its initial radon-in-water survey
have yielded strong anomalies, occurring both as clusters and as
discrete point anomalies; a strong indicator for the presence of
uranium mineralization. Using an advanced targeting matrix,
employing the same methodology that led to the PLS discovery, field
work is currently underway which includes ground-truthing of 14
high-priority geophysical targets. Initial interpretation of the
radiometric data has identified areas with elevated uranium counts
that can be correlated along and between multiple lines, which may
indicate the presence of radioactive boulder trains or in situ
uranium mineralization. These radiometric features, particularly
where possible source areas coincide with prospective EM conductors,
are high-priority targets for follow-up ground work as this is the
signature that led to the PLS discovery. Historic data on the
syndicate's ground has shown some key geochemical pathfinders (that
help geologists trace back to the structurally controlled
basement-hosted uranium occurrence) are 3 to 7 times more anomalous
on the syndicates ground (than PLS). It appears Noka's syndicate is
ripe for discovery; it has intense radioactivity, geochemical
pathfinders, and major structure, all of which is necessary to
discover another PLS-style high-grade uranium deposit, possibly
bigger.
The risk-reward characteristics are highly advantageous for
investors establishing a long position in NX.V as the current market
cap (under CDN$9million) relative to the inherent value of its
properties seem disproportionate. Noka Resources has a tight share
structure with only ~21.8 million shares outstanding and is apt to
rise on positive news, there appears numerous potential catalysts in
the cue.
The full Uranium Miner Journal review may be viewed at
http://uraniumminer.net/nx.htm online.
This release may contain forward-looking statements regarding future events that
involve risk and uncertainties. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from actual events or
results. Articles, excerpts, commentary and reviews herein are for information
purposes and are not solicitations to buy or sell any of the securities
mentioned. Readers are referred to the terms of use, disclaimer and disclosure
located at the above referenced URL.
Contact information:
Harold Lieberman
Uranium Miner Journal
contact@UraniumMiner.net