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noka resources inc (NX) Snapshot

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52 Week High
09/25/13 - C$0.41
52 Week Low
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Market Cap
1.8M
Average Volume 10 Days
173.8K
EPS TTM
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Shares Outstanding
45.9M
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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
Compensation as of Fiscal Year 2012.

noka resources inc (NX) Key Developments

Noka Resources Inc. Announces Western Athabasca Syndicate Reports Assay Results from 2014 Diamond Drilling Program

Noka Resources Inc. reported inaugural drill assay results from the Preston Uranium Property being explored by the Western Athabasca Syndicate. Three out of fifteen existing targets received preliminary drill testing this spring, including the Swoosh (7 holes), CHA (1 hole) and FSA (1 hole) targets. The drilling totaled 1902.7 meters over 9 holes. Anomalous radioactivity discovered in the drilling is proximal to EM conductors and associated with gravity low anomalies which are the result of strong hematite, chlorite and clay alteration of the structurally disrupted lithologies; this is consistent with being in a mineralization halo and is common to many Athabasca Basin uranium deposits. The best intercept to-date from the Swoosh area returned 8.82 ppm U and 360 ppm Th over 0.5 meters in hole PN14003. Th/U and Pb isotope ratios, and evidence for deformation/alteration suggest that most zones at the Swoosh area have undergone uranium depletion and may have at one time hosted significant uranium mineralization; as such, directly adjacent targets should be investigated for places where the uranium could have been re-deposited. The one hole drilled at the FSA target returned 5.84 ppm U over 1.0 meter and the one hole drilled at the CHA target returned 4.25 ppm U over 1.0 meter. Loss of circulation near the bottom of the FSA drill hole occurred just prior to the geophysical target depth; blue clay encountered at the bottom of the hole is likely altered graphite, strongly anomalous in silver, and with a relatively high radiometric-sourced Pb isotopic signature that warrants further follow up. The Syndicate's Technical Team considers these findings in the first drill program at Preston to be a breakthrough towards potentially identifying economic levels of uranium mineralization at shallow depths; further exploration work and drill campaign planning is underway.

Noka Resources Inc. Announces Resignation of Jerry Minni as Director

Noka Resources Inc. announced that Jerry Minni has resigned as a director of the company. Mr. Minni for his contributions to the company as a director and a member of the Audit Committee, and wishes him the best in his future endeavors.

Noka Resources Receives Lake Sediment Sample Analyses at Carpenter Lake Property, Athabasca Basin, Saskatchewan

Noka Resources Inc. announced that the lake sediment sample analyses have been received. The lake sediment samples were collected in April 2014 during a radon in lake water and sediment survey at Carpenter Lake, Athabasca Basin, Saskatchewan as part of ALPHA EXPLORATION INC. Option Agreement to earn a 60% interest in the Carpenter Lake Property from Noka. A total of 60 lake sediment samples were recovered by RadonEx Exploration Management of St. Lazare, Quebec within six grids (A to F) along the Cable Bay Shear Zone (CBSZ) and within the 20,637 hectare Property. Highlights of the lake sediment results: Eight lake sediment samples are strongly anomalous with uranium (3.9 to 37 ppm). In comparison, 3.8 ppm uranium was the high concentration in lake sediments proximal to one of the large high grade uranium boulder fields in the Athabasca Basin at Patterson Lake South (PLS); The eight uraniferous lake sediment results were accompanied by arsenic (1.6 to 76 ppm), cobalt (3.3 to 33 ppm), copper (12 to 68 ppm), lead (1.4 to 3.8 ppm), molybdenum (0.5 to 4.6 ppm), and nickel (14 to 50 ppm). This geochemical signature is consistent with a graphitic/pyritic pelite basement bedrock source that is anomalous with uranium, and may represent material eroded from the CBSZ; Grid C: westernmost lake returned background values of uranium in lake sediments, which suggests the strongly anomalous radon values are sourced from directly below in the bedrock where a VTEM conductor is present. Iron oxide coatings on pebbles were observed with the anomalous radon values, which was an environmental condition associated with mineralization at Key Lake and PLS. The lake sediment samples were recovered concurrent with radon in sediment samples that were targeted above electromagnetic ("EM") conductors confirmed in a detailed airborne VTEM and magnetic survey completed in February 2014 by Aeroquest International Limited. Where substantial overburden thickness exists, lake sediment samples represent glacially transported material, and the bedrock source of anomalous uranium is thought to be situated up-ice.

 

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