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URANIUM SURVEY BEGINS

Uranium Mali

Drilling crew at work in Mali

Canadianbased mining and exploration company North Atlantic Resources Limited has started an airborne survey of its three uranium exploration permit areas in the Republic of Niger. This West African country is the world’s fourth-largest uranium producer with annual output of 3 500 tonnes of U3O8.

The airborne survey is expected to provide information critical to future mining of uranium in the West African country. The areas concerned cover a 1 000 squ km block of mineral rights in the Assaouas area, and a 2 000 squ km block in the Abelajouad area, 80 km northwest of Assaouas.

The current work will involve a high resolution, airborne, magnetometer, radiometric, and electromagnetic survey. This will consist of approximately 15 000 line kms of surveying at a spacing of 200 by 2 000m, and a mean terrain clearance of 70m. This work will provide important information about the location and nature of radiometric anomalies and the depth to basement control structures. The survey will take approximately six weeks, and ground follow-up of radiometric anomalies will commence shortly thereafter.

North Atlantic Resources is also active in Mali, where has eight gold permit areas which cover 1361 squ kms of mineral rights. Its most advanced initiative is the FT gold project, where an updated gold resource estimation is currently being carried out by independent consultants.

www.nac-tsx.com

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