February 14, 2014 09:46 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 14, 2014) - Makena Resources Inc. ("MKN", "Makena" or the "Company") (TSX VENTURE:MKN) (OTC:CANSF) wishes to report that the initial data has returned results that show multiple conductive anomalies within the Patterson Uranium Prospect. Two distinctive anomalous zones were encountered. The southern zone has three specific targets within the zone. The north target is a NW trending zone associated with a break in the formation in the direct vicinity of the conductive anomaly. A historical drill hole shows basement to be relatively shallow at 154 metres depth within these zones.
Karl Schimann stated, "We are encouraged by the preliminary data. We clearly have multiple conductive targets that we plan to aggressively follow up on shortly. Of particular note is the relationship of the conductive zones associated with the breaks in the magnetic pattern. These breaks are often associated with uranium mineralization. We look forward to potentially confirming these anomalies by ground EM and follow by drilling to determine if these targets have associated uranium mineralization."
MKN's Patterson Uranium Prospect, consists of three claim blocks totaling 6,687 hectares (16,524 acres), which are all located in the Athabasca Basin. The west block directly borders the recent discovery on the Patterson Lake South Property by Alpha Minerals Inc. and Fission Energy Corp. The other two blocks are in the direct vicinity of the discovery.
Makena also holds a 50% interest the Clone property in Stewart, BC. To date, Makena has achieved significant drill results that returned grades of 12.80 m (42ft) of 44.75g/t (1.305oz/t)(12/22/09) gold values including 4.87m (16 ft) of 76.80g/t (2.240oz/t) and a 102 tonne bulk sample that returned grades 4 oz/t or 139.2 g/t gold (10/22/11) over the 102 individually tested tonne samples.
Karl Schimann, Ph.D., P. Geo., is the qualified technical person responsible for this news release.
Negar Adam, President, Director
Makena Resources Inc.
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 press release.
Makena Resources Inc.Negar AdamPresident, Director1.604.685.51501(604) 689-1733 (FAX)www.makenaresourcesinc.com
See all RSS Newsfeeds