Alpha Completes Summer Work at Carpenter Lake, Athabasca Basin, Saskatchewan
Vancouver, BC – September 18, 2014: Noka Resources Inc. (TSX-V: NX, FSE: 2NK) (“Noka” or the “Company”) is pleased to announce that Alpha Exploration Inc. ("Alpha") (TSX-V: AEX) has completed its summer exploration program at the Carpenter Lake Project (“Carpenter Lake”, or the “Property”), Athabasca Basin, Saskatchewan, Canada.
Work completed by Alpha over the past 6 months includes:
- An airborne time domain EM and horizontal magnetic gradiometer survey (V-TEM) by Aeroquest Airborne in February, 2014, and a detailed, low-altitude, airborne gamma spectrometer survey by Goldak Airborne Surveys in July, 2014. The integration of these two surveys outlined targets with respect to radioactive anomalies associated with conductors:
- Radon-in-water and radon-in-soil survey in March-April, 2014 (see Alpha’s News Release dated May 21, 2014):
- A boulder prospecting program in July and August, 2014 to follow up targets defined from the integrated airborne geophysical and ground geochemical anomalies. Prospecting teams provided and supervised by Discovery Consultants worked for three weeks in July and August and collected a total of 71 rock samples;
- Detailed follow-up radon-in-soil and soil geochemical surveys to enhance targets established from previous surveys in April. Radon work was completed in mid-September by RadonEx.
Alpha continues to compile and integrate all available data from government surveys and historical assessment reports while it awaits geochemical data from work this summer. The Company will evaluate and prioritize potential drill targets later this fall and will release plans for winter work once programs and budgets are approved.
About Carpenter Lake
Carpenter Lake lies approximately 85 km west of the past-producing Key Lake uranium mine along the Cable Bay shear zone, straddling the south-central rim of the Athabasca Basin and comprises a total of 20,637 hectares within five contiguous mineral dispositions. The Property is under an option agreement from Noka whereas Alpha may earn a 60% interest in the Property. Details of the agreement are on the Noka’s website. Alpha is the operator for exploration at Carpenter Lake.
About Noka Resources Inc.
Noka Resources Inc. is a junior exploration company with a focus on uranium in the prolific Athabasca Basin of 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 prospective land position of 493,236 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, an option to earn 100% interest in the Lodge Pole Point Project, as well as a 25% interest in the Western Athabasca Syndicate group of properties.
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 was reviewed on behalf of the company by Bill Gilmour, P.Geo, of Discovery Consultants, a qualified person.
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 press release contains "forward-looking information" that is based on Noka’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Noka’s exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Noka’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Noka disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.