Okapi Resources Ltd (ASX:OKR) Quarterly Activities Report

Okapi Resources Ltd (ASX:OKR) Quarterly Activities Report

Okapi Resources Limited ( ASX:OKR ) ( FRA:26O ) ( OTCMKTS:OKPRF ) is pleased to provide a quarterly development and corporate update.

DEVELOPMENT

Athabasca Projects, Canada

During the quarter, the Company has entered into a binding, conditional agreement with ALX Resources Corp ( CVE:AL ) to acquire a portfolio of six advanced exploration projects in the Athabasca Basin (Athabasca Projects), the world’s premier high grade uranium district.The Athabasca properties includes six projects across 75 granted mineral claims covering approximately 55,000 hectares. Importantly, all of the projects are located along the margin of the Athabasca Basin or in the Carswell Impact Structure, the depth to the Athabasca Basin – Precambrian Basement unconformity is relatively shallow at 300 metres or less and typically closer to 100 metres, making them targets for shallow high-grade unconformity-related and basement hosted uranium deposits.The Athabasca Basin is home to the world’s largest and highest-grade uranium mines including Cameco’s McArthur […]

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