Kirkstone Metals (TSX-V:KSM) has strategically staked the Douglas River Uranium Project in northern Saskatchewan, Canada.
The Douglas River Project, covering 1,326 hectares, sits along the edge of the Carswell meteorite impact multi-ring structure. The property lies 7km south of the decommissioned Cluff Lake Uranium Mine, which historically produced 62 million pounds of triuranium octoxide between 1980 and 2002.
CEO Clive Massey says staking Douglas River adds to the company’s land position in the Cluff Lake region.
“We are targeting a region with a known high-grade pedigree,” Massey says.
“By acquiring projects near former producers, we are hoping to de-risking our exploration efforts compared to greenfield sites. The company intends to complete further a technical review and determine how to best proceed within the broader Carswell Complex Project.”
The company will provide further information as the technical assessment and planning progresses.
Kirkstone Metals is a Canadian mineral explorer focused on uranium discoveries within established mining jurisdictions in Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: Kirkstone Metals
