DGAP-News: Makena Resources Inc. / Key word(s): Miscellaneous Makena Resources Inc. Intersects Radioactive Spike on First Hole on the Patterson Uranium 2016 Drill Program 18.08.2016 / 09:02 The issuer is solely responsible for the content of this announcement.
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Vancouver, British Columbia--(Newsfile Corp. - August 18, 2016) - Makena Resources Inc. (TSXV: MKN) (FSE: A1KB6R) (OTCBB: CANSF) (the 'Company' or 'Makena') wishes to announce that according to Dr. Karl Schimann, 'the first drill hole of the 2016 program, PAT16-002, intersected the basement at 159.7m. The basement is intensely clay altered, distinctly more so than PAT15-001. Probing showed a 1000cps radioactive spike at 163.2m, but most of the altered basement core down to 163.7m was lost. PAT16-002 is 500m northeast of PAT15-001 along trend within the same large gravity anomaly. Based on this positive result, the next hole will be drilled to intersect the basement about 90m away to the Northwest.' Makena anticipates this next phase of drilling to consist of a minimum of 3-5 holes. This prospect is located in the same area as Fissions' Triple R deposit, the Pure Point discovery and NexGen Energy, who recently discovered a new high-grade zone of mineralization northeast of their Arrow deposit. Makena has also recently acquired 4,060 hectares prospective for diamonds in the Athabasca region of Saskatchewan in the direct vicinity of the De Beers' diamond option from CanAlaska Uranium Ltd. Seth Kay, director of Makena states, 'We are pleased at the indications encountered in the first hole. These encouraging results have prompted us to keep the drill program at the current area and drill here instead of moving to a new location. It is early, but the initial results are promising. This hole intersected values that were approximately 10 times the level we achieved in the first drill program on this property last year.' If you would like to be added to Makena's news distribution list please send your email address to makenaresourcesinc@gmail.com Makena has an option agreement with CanAlaska on the Patterson Prospect and looks forward to utilizing their uranium expertise on this drill program. Dr. Karl Schimann, PhD, PGeo, is the qualified technical person responsible for this news release. Contact Information Tel: 1.604.685.5150 Fax: 1(604) 689-1733 'Seth Kay' Director 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 press release. Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/22171 News Source: Newsfile
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18.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Makena Resources Inc. Canada ISIN: CA56087W1077 End of News DGAP News Service
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493843 18.08.2016
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Vancouver, British Columbia--(Newsfile Corp. - August 18, 2016) - Makena Resources Inc. (TSXV: MKN) (FSE: A1KB6R) (OTCBB: CANSF) (the 'Company' or 'Makena') wishes to announce that according to Dr. Karl Schimann, 'the first drill hole of the 2016 program, PAT16-002, intersected the basement at 159.7m. The basement is intensely clay altered, distinctly more so than PAT15-001. Probing showed a 1000cps radioactive spike at 163.2m, but most of the altered basement core down to 163.7m was lost. PAT16-002 is 500m northeast of PAT15-001 along trend within the same large gravity anomaly. Based on this positive result, the next hole will be drilled to intersect the basement about 90m away to the Northwest.' Makena anticipates this next phase of drilling to consist of a minimum of 3-5 holes. This prospect is located in the same area as Fissions' Triple R deposit, the Pure Point discovery and NexGen Energy, who recently discovered a new high-grade zone of mineralization northeast of their Arrow deposit. Makena has also recently acquired 4,060 hectares prospective for diamonds in the Athabasca region of Saskatchewan in the direct vicinity of the De Beers' diamond option from CanAlaska Uranium Ltd. Seth Kay, director of Makena states, 'We are pleased at the indications encountered in the first hole. These encouraging results have prompted us to keep the drill program at the current area and drill here instead of moving to a new location. It is early, but the initial results are promising. This hole intersected values that were approximately 10 times the level we achieved in the first drill program on this property last year.' If you would like to be added to Makena's news distribution list please send your email address to makenaresourcesinc@gmail.com Makena has an option agreement with CanAlaska on the Patterson Prospect and looks forward to utilizing their uranium expertise on this drill program. Dr. Karl Schimann, PhD, PGeo, is the qualified technical person responsible for this news release. Contact Information Tel: 1.604.685.5150 Fax: 1(604) 689-1733 'Seth Kay' Director 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 press release. Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/22171 News Source: Newsfile
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18.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Makena Resources Inc. Canada ISIN: CA56087W1077 End of News DGAP News Service
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493843 18.08.2016
