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As of 3:59 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

noka resources inc (NX) Snapshot

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52 Week High
09/25/13 - C$0.41
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Market Cap
3.5M
Average Volume 10 Days
256.9K
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Shares Outstanding
33.3M
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noka resources inc (NX) Details

Noka Resources Inc., a junior exploration company, focuses on uranium in the prolific Athabasca Basin, Northern Saskatchewan. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.

Founded in 2010

noka resources inc (NX) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: C$76.1K
Member of Management Board and Director
Total Annual Compensation: C$55.6K
Compensation as of Fiscal Year 2012.

noka resources inc (NX) Key Developments

Noka Resources Inc. Provides Update at its Ongoing First-Phase Diamond Drill Program on its Preston Uranium Property in the Southwest Athabasca Basin

Noka Resources Inc. provided an update at its ongoing first-phase diamond drill program on its Preston Uranium Property in the southwest Athabasca Basin. The Western Athabasca Syndicate (the "Syndicate") has drilled five holes thus far for a total of 986 meters with three to four additional holes planned. All five of the holes intersected a broad, hydrothermally altered and reactivated, structural zone. Three holes returned elevated radioactivity. As a result of these highly encouraging early findings, the Syndicate has decided to increase the budget and expand the testing of the Swoosh target. The additional drilling on this target will continue until late April. Drilling is planned to recommence in early to mid-May after breakup to test the CHA and Fin targets.

Noka Resources Inc. Announces that Western Athabasca Syndicate Receives Drill Permits for its Preston Lake Uranium Property

Noka Resources Inc. announced the Western Athabasca Syndicate has received drill permits for its Preston Lake Uranium Property. The diamond drill program is slated to commence in the second week of March and will test several highly prospective targets identified by the extensive 2013-2014 fieldwork. The 246,643 hectare Preston Lake Property is the larger land package proximal to Fission Uranium Corp.'s Patterson Lake South (PLS) high-grade uranium discovery, as well as the recent discovery (Arrow Prospect) made by NexGen Energy on the Rook 1 Project. The Syndicate holds title to an extensive and geologically prospective property package in the southwest Athabasca Basin region including properties strategically located in all directions around the PLS and NexGen discoveries.

Noka Resources Inc. Announces Completion of Gravity Surveys at the Preston Uranium Property in the Patterson Lake Region

Noka Resources Inc. announced the completion of gravity surveys which have identified 23 gravity low anomalies on the Western Athabasca Syndicate's Preston Lake Uranium Property. The program also included a RadonEx survey (ground and water) to further define targets in advance of a drill program slated to commence in March. The 246,643 hectare Preston Property is the larger individual property proximal to Fission Uranium Corp.'s Patterson Lake South ("PLS") high-grade uranium discovery and the recent discovery made by NexGen Energy on the Rook 1 Project. The Syndicate is the larger land tenure holder in the southwest Athabasca Basin region including properties strategically situated to the southwest and to the northeast of the PLS and NexGen discoveries. Interpretation of the gravity data by Phil Robertshaw, P.Geo., has successfully delineated gravity low anomalies associated with previously identified high-potential exploration corridors defined by structure, magnetic lows, conductors, favorable geology and geochemistry. Gravity is a defining tool for exploration for uranium in the Athabasca Basin and was a key mechanism for vectoring in on the recent discovery made by NexGen at the Rook 1 Project. Hydrothermal fluids associated with high-grade uranium deposits will cause extensive alteration of the host rock, resulting in displacement and removal of minerals/elements, creating porosity and subsequent density contrast. This density contrast will be expressed as a gravity low anomaly and is a prime drill target when qualified by other coincident indicators of uranium mineralization such as geochemistry and radon.

 

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