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Be the first with the news that moves the market- Kiplin Metals (KIP) launches summer geophysical program at the Cluff Lake Road (CLR) uranium project, in northwestern Saskatchewan
- The CLR property lies in a region with strong prospects for uranium deposits
- The program’s objective is to generate fresh targets for subsequent drilling and to better delineate the uranium mineralization at the CLR project
- Kiplin Metals is a junior exploration company which engages in the identification, acquisition, and exploration of mineral properties
- Kiplin Metals (KIP) opened trading at C$0.45
Kiplin Metals (KIP) is launching its summer geophysical program at the Cluff Lake Road (CLR) uranium project, in northwestern Saskatchewan.
The geophysical program is scheduled for June 2023.
The geological team expects to receive the necessary permit by the end of May and aims to mobilize on-site by June.
The CLR property lies in a region with strong prospects for uranium deposits. Kiplin’s summer program will include at least 8 line-kilometers of Induced Polarization (IP) resistivity geophysical surveying.
The summer program will be running approximately in an east-west orientation.
The program’s objective is to generate fresh targets for subsequent drilling and to better delineate the uranium mineralization at the CLR project.
The CLR property is surrounded by F3 Uranium prominent Paterson Lake North (PLN) project which recently revealed the discovery of the JR high-grade uranium zone in November 2022.
F3 announced intersections in drill hole PLN22-038, comprising 11.0 meters averaging 4.20 percent triuranium octoxide, including a 4.5-meter interval averaging 9.8 percent U3O8.
This indicates the presence of the latest basement-hosted uranium deposit in Athabasca, akin to Fission Uranium Corp.’s Triple R uranium deposit.
Kiplin will provide updates on the scheduling of its permitting and work program as they become available.
The company advises that discoveries and observations on nearby properties do not necessarily imply the existence of similar mineralization or geological features on the company’s properties.
About Kiplin Metals
Kiplin Metals is a junior exploration company which engages in the identification, acquisition, and exploration of mineral properties.
Kiplin Metals (KIP) opened trading at C$0.45.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
