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Kirkstone Metals Announces Staking of Douglas River Uranium Project in the Athabasca Region
(via TheNewswire)
The Douglas River Uranium Project encompasses approximately 1,326 hectares and is situated along the edge of the Carswell meteorite impact multi-ring structure, an area recognized for its geological significance and historical uranium activity. The property lies approximately 7 kilometres south of the decommissioned Cluff Lake uranium mine, which historically produced approximately 62 million pounds of U₃O₈ between 1980 and 2002 (CNSC, 2023).
Exploration interest in the Douglas River area is based on a series of subsurface conductive anomalies totaling more than 12 kilometres, which were identified by Cogema Resources Inc. following a Geotem Electromagnetic Survey completed in 1994. The Project is accessible via Highway 955 and associated local trail networks.
The Douglas River Uranium Project is located approximately 15 kilometres south of Kirkstone’s Gorilla Lake claims. With the addition of Douglas River, Kirkstone now holds a combined 8,230.9 hectares of mineral tenure in the Cluff Lake district, referred to collectively as the Carswell Complex Project. A location map showing Douglas River in relation to the Gorilla Lake Project and surrounding geological features is included as Figure 1 below.
Clive Massey, President & CEO of Kirkstone, stated:
“The Douglas River acquisition adds significantly to our land position in the Cluff Lake region. We are targeting a region with a known high-grade pedigree. By acquiring projects near former producers, we are hoping to de-risking our exploration efforts compared to 'greenfield' sites. The Company intends to complete further a technical review and determine how to best proceed within the broader Carswell Complex Project.”
The Company will provide further information as the technical assessment and planning progresses.
Figure 1 – Douglas River Uranium Project Location Map
Click Image To View Full Size
Qualified Person
The technical information in this release has been reviewed and approved by Tim Henneberry, P.Geo, a Qualified Person as defined under National Instrument 43-101, who is a consultant to the Company.
Historical Data Cautionary Statement
Historical exploration data referenced in this news release, including results from historical airborne geophysical surveys, was generated by previous operators. While the Company considers this information to be relevant and reasonably reliable, the Company has not independently verified all historical data. The information should not be relied upon as current. Additional work, including field verification, would be required to classify any historical information as current.
About Kirkstone Metals Corp.
Kirkstone Metals Corp. is a Canadian mineral exploration company focused on uranium exploration within established mining jurisdictions in Canada.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities legislation, including statements relating to exploration activities, assessment work, and potential development plans. Forward-looking statements are based on assumptions considered reasonable as of the date of this news release; however, such statements are subject to risks and uncertainties which may cause actual results to differ. The Company does not undertake to update forward-looking statements except as required by law.
Source References
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Canadian Nuclear Safety Commission (CNSC), 2023– Cluff Lake Uranium Mine historical production totals and decommissioning records.
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Cogema Resources Inc. (1994)– Geotem Electromagnetic Survey results identifying conductive anomalies in the Douglas River area.
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Regional geological information regarding the Carswell impact structure derived from Saskatchewan Geological Survey and CNSC documentation.
For more information, please contact the Company at (604) 644-6794 or email: [email protected].
On Behalf of the Board of Directors of Kirkstone Metals Corp.
Clive Massey Chief Executive Officer
Neither the 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 news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.
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