- Okapi Resources (OKR) begins its summer field exploration program across its Athabasca uranium projects in Canada
- Work will include the geologic mapping of structures, detailed lithology and alteration, and rock sample geochemistry
- The company says the aim of this program is to prioritise drill targets ahead of its upcoming winter drilling program
- Once received, the data will be combined with 3D geologic modelling of historical surface and drill data from the region
- Okapi is down 12.1 per cent with shares trading at 26 cents at 1:05 pm AEST
Okapi Resources (OKR) has begun its summer field exploration program across its Athabasca uranium projects in Canada.
The company’s planned work will include the geologic mapping of structures, detailed lithology and alteration, and rock sample geochemistry.
The company said the aim of this program was to prioritise drill targets ahead of its upcoming winter drilling program.
Okapi recently completed significant satellite image data analyses over its Newnham Lake and Perch projects in the area, which identified multiple highly prospective targets.
This analysis also identified laterally extensive structures associated with geophysical anomalies at Newnham Lake.
The company said it planned to combine data from the analysis with 3D geologic modelling of historical surface and drill data in the region.
“The Okapi team is excited to begin its maiden exploration program,” Managing Director Andrew Ferrier said
“Okapi has a substantial land package comprising six project areas covering over 55,000 hectares.
“Importantly, five of these projects are located along the margin of the Athabasca Basin where depth to the unconformity is relatively shallow, typically around 100 metres, making these ideal for targeting shallow high-grade unconformity-related uranium deposits, and potentially near surface basement hosted uranium deposits.”
Okapi was down 12.1 per cent with shares trading at 26 cents at 1:05 pm AEST.