Senator Minerals Granted Exploration Permit for PNE Uranium Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 19, 2017) - Senator Minerals Inc. (TSX VENTURE:SNR)(OTC PINK:SNRAF)(FRANKFURT:T1KA) ("Senator" or the "Company") is pleased to announce that it has been granted an exploration permit for Phase 1 work at its Patterson North East (PNE) uranium project, located in the western Athabasca Basin, Saskatchewan. The first phase of the program will be overseen by Canexplor Management Ltd. and is to consist of a high-resolution ground gravity program, designed to define gravity-low anomalies, which have been pivotal in targeting and discovering mineral deposits in the western Athabasca Region.
The Company also intends to complete a radon gas survey to confirm the presence of this uranium decay product. The survey grid is to consist of up to 20 line kilometers, with an investigation depth of up to 550 meters. The results will be incorporated into the current exploration database, which includes DC resistivity and airborne magnetics, in order to define Phase 2 drill targets. The survey is expected to commence in the near term.
About Senator Minerals Inc.
Senator Minerals is a junior mineral explorer focused on uranium exploration in northern Saskatchewan. Senator has entered into an agreement with an arm's-length vendor to acquire a 100-per-cent interest in the Patterson North East (PNE) uranium project, located on the east side of the Athabasca basin in Northern Saskatchewan, the most productive uranium-producing region in the world. The PNE project covers approximately 531 hectares, directly adjoining the easternmost boundary of Fission 3.0's Patterson Lake North (PLN) project. The PNE project was last explored in 2013 with an Alpha-Track radon cup survey, and in June, 2014, with a 5.7-line-kilometre DC resistivity survey, the latter performed by Patterson Geophysics.
Peter Born, P.Geo., a Qualified Person, has reviewed and approved the disclosure of technical information within this news release.
Tim Fernback, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Information provided in this document is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks Factors" in the Company's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.