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Athabasca Nuclear Corp. Acquires Additional Garland Lake Claim Blocks

15.12.2015  |  FSCwire
ancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“Athabasca Nuclear” or the “Corporation”) is pleased to report that it has acquired five new mineral claim blocks to further expand its Garland Lake nickel-cobalt-PGM project in Labrador.

Athabasca Nuclear continues to hold the largest mineral tenure position of any company in the Garland exploration camp. Athabasca Nuclear’s Garland Lake Project is located approximately 30km SE of the Voisey’s Bay mine and is adjacent to the Garland project being advanced by Equitas Resources Corp.


New Garland Camp Tenure

The newly acquired mineral claim blocks consist of five tenure licenses, 023575M, 023576M, 023577M, 023578M, and 023579M comprising an aggregate total of 84 claim parcels, representing, in total, just over 5,000 acres. The new tenure compliments the existing claim position the Corporation holds in the Garland Lake region.

023575M - This new claim block comprises 28 claim parcels representing approximately 1700 acres. A map of the claim may be viewed at:
http://www.athabascanuclear.com/wp-content/uploads/2015/12/023575M.jpg

023576M - This new claim block comprises 5 claim parcels representing approximately 300 acres. A map of the claim may be viewed at:
http://www.athabascanuclear.com/wp-content/uploads/2015/12/023576M.jpg

023577M - This new claim block comprises 23 claim parcels representing approximately 1400 acres. A map of the claim may be viewed at:
http://www.athabascanuclear.com/wp-content/uploads/2015/12/023577M.jpg

023578M - This new claim block comprises 17 claim parcels representing approximately 1,000 acres. A map of the claim may be viewed at:
http://www.athabascanuclear.com/wp-content/uploads/2015/12/023578M.jpg

023579M - This new claim block comprises 17 claim parcels representing approximately 1,000 acres. A map of the claim may be viewed at:
http://www.athabascanuclear.com/wp-content/uploads/2015/12/023579M.jpg

The additional Garland Lake project tenure was acquired by Athabasca Nuclear through staking and as a result there are no cash or share payments due to any optionors. Furthermore, the new mineral tenure is not subject to any third-party royalties.


About Athabasca Nuclear Corporation

Athabasca Nuclear Corporation (TSXV:ASC) is an exploration company focused primarily on uranium exploration in the Western Athabasca Basin in Saskatchewan, Canada, and other select opportunities. Further information about Athabasca Nuclear Corp. and its projects may be found at www.athabascanuclear.com.


Signed,

Ryan Kalt, Chief Executive Officer



Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




Contact Info:

Athabasca Nuclear Corporation
Ryan Kalt, M.B.A., LL.M.
Chief Executive Officer
604-681-8835
info@athabascanuclear.com
www.athabascanuclear.com
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