Kirkstone Metals stakes Douglas River uranium project, Saskatchewan
Kirkstone Metals Corp. [TSXV: KSM; FWB: VO0] has acquired, through strategic staking by the company’s agents, of the Douglas River uranium project, located in the Cluff Lake uranium district of Northern Saskatchewan.
The Douglas River uranium project encompasses approximately 1,326 hectares and is situated along the edge of the Carswell meteorite impact multiring structure, an area recognized for its geological significance and historical uranium activity. The property lies approximately seven km south of the decommissioned Cluff Lake uranium mine, which historically produced approximately 62 million pounds of U3O8 (triuranium octoxide) between 1980 and 2002.
Exploration interest in the Douglas River area is based on a series of subsurface conductive anomalies totalling more than 12 km, which were identified by Cogema Resources Inc. following a Geotem electromagnetic survey completed in 1994. The project is accessible by Highway 955 and associated local trail networks.
The Douglas River uranium project is located approximately 15 km south of Kirkstone’s Gorilla Lake claims. With the addition of Douglas River, Kirkstone now holds a combined 8,230.9 hectares of mineral tenure in the Cluff Lake district, referred to collectively as the Carswell Complex project.
“The Douglas River acquisition adds significantly to our land position in the Cluff Lake region. We are targeting a region with a known high-grade pedigree. By acquiring projects near former producers, we are hoping to derisking our exploration efforts compared to greenfield sites. The company intends to complete further a technical review and determine how to best proceed within the broader Carswell Complex project.”
Historical exploration data referenced in this news release, including results from historical airborne geophysical surveys, were generated by previous operators.