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Early in the month, core
drilling and ground geophysical surveying resumed on the
company’s eastern Athabasca Basin properties. Fourteen drill
holes totaling 7,000 meters are planned for the winter season on
three different properties; Gumboot, Johnston Lake and Marten.
The first hole of the winter
season was collared at Gumboot on January 14. Seven holes are
planned at Gumboot to follow up on significant uranium, nickel
and cobalt mineralization intersected in 2009. One hole will
also be drilled on the contiguous Johnston Lake property,
optioned in early 2009 from Denison Mines Corp., to follow up on
the results of a detailed core review and re-sampling program
completed in the summer of 2009.
Line cutting has been completed
and gravity surveying has begun on the Wolverine and Marten
properties, which are under option to Japan Oil, Gas and Metals
National Corporation (“JOGMEC”). Ground electromagnetic
surveying and 1,200 meters of diamond drilling are also budgeted
for the winter program on Marten.
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