Okapi Resources Ltd (ASX:OKR)’s wholly-owned subsidiary Okapi Resources Canada Ltd has received approval from the Ministry of Environment, Government of Saskatchewan (GoS), for various permits allowing the company to begin its extensive exploration program at the Middle Lake Uranium Project in the Athabasca Basin, Canada.
The permits, which include a Crown Resource Land Work Authorization, an Aquatic Habitat Protection Permit, a Temporary Work Camp Permit and Forest Product Permit, allow Okapi to drill up to 10,000 metres in 24 drill holes and conduct ground-based geophysical surveys up to 100 line-kilometres.
On hunt for uranium
“This is an important milestone for Okapi, as the company continues to progress and advance its uranium projects in North America,” Okapi Resources managing director Andrew Ferrier said.
“Obtaining a permit to drill at our 80%-owned Middle Lake Project in the Athabasca Basin, the world’s premier uranium district, provides the opportunity for the company to start exploration work on our highly prospective exploration properties located only 4 kilometres from the past-producing Cluff Lake Mine, which produced approximately 64 million pounds of uranium.
“The proposed exploration program will focus on prioritising drill targets by reinterpreting the historic geochemistry, geophysics and drill data, combined with satellite imaging (currently underway) which will provide a structural framework.
“The highest priority drill targets will then be followed by a potential diamond core drilling program, that is likely to be conducted in the North America winter of Q1 2023.”
Location of the proposed drilling area, Middle Lake Uranium Project, Saskatchewan, Canada.