|
Post by Franko10 ™ on Nov 9, 2004 13:04:26 GMT -5
Acquires an Option to Earn a 100% Interest in Two Claim Blocks via CDS
November 9, 2004
in Northern Saskatchewan
United Carina Resources Corp. is pleased to announce that it has
acquired, subject to TSX Venture Exchange acceptance, an option to earn a
100% interest in two claim blocks in northern Saskatchewan. The claims are
located midway between Cameco's Rabbit Lake mine and the recent discovery
at the Moore Lake property of JNR Resources Inc. The claims comprise a
total of 18,273 acres and are located along the eastern edge of the
Athabasca Basin, which hosts the world's largest and most prolific uranium
deposits, including Cigar Lake, McArthur River, McLean Lake, and Rabbit
Lake.
The property is underlain by metasediments of the Wollaston Group.
Several conductors have been identified historically on the property,
accompanied by anomalous uranium and pathfinder geochemistry. The Company
is currently reviewing data and is planning an exploration program for the
property.
The option on the claims calls for a $20,000 payment and the issuance
of 100,000 shares of United Carina Resources Corp. during the first year
and the same during the second year. At the end of the second year, the
Company will have earned a 100% interest in the property.
Mr. Dave Billard, of Saskatoon, Saskatchewan, will be the Qualified
Person for this project.
ON BEHALF OF THE BOARD
Rick Walker,
President
|
|