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- Okapi Resources (OKR) Canadian subsidiary secures government approvals to drill at the Middle Lake uranium project
- The company owns 80 per cent of the project, which is located in the Athabasca Basin of North America
- The permits allow for up to 10,000 metres of drilling within 24 holes, and also enables OKR to complete ground based geophysical surveys
- While OKR plans to undertake diamond drilling in the first quarter of 2023, the work schedule is dependent on talks with the Clearwater River Dene Nation
- Company shares last traded at 30.5 cents on April 27
Okapi Resources (OKR) has secured government permits to begin drilling at the Middle Lake uranium project.
The company owns 80 per cent of the project which is located four kilometres from the past producing Cluff Lake mine in the Athabasca Basin of North America.
OKR’s wholly owned subsidiary, Okapi Resources Canada, has secured a crown resource land work authorisation, aquatic habitat protection permit, temporary work camp permit, and a forest product permit from the Saskatchewan Government’s Ministry of Environment.
The permits are valid through to October next year and will enable the company to drill up to 10,000 metres comprising 24 drills holes, and also conduct ground based geophysical surveys.
While the company is planning a diamond core drilling program for the first quarter of 2023, the work schedule is dependent on the outcome of talks with First Nations, Clearwater River Dene Nation (CRDN).
Meetings are planned between the company and CRDN to discuss working practices and address any community issues and concerns with planned activities.
Okapi has gained historical data from Middle Lake, including surface samples and drilling data which it said indicates strong potential for economic mineralisation.
“The proposed exploration program will focus on prioritising drill targets by reinterpreting the historic geochemistry, geophysics and drill data, combined with satellite imaging which will provide a structural framework,” Managing Director Andrew Ferrier said.
“This is an important milestone for Okapi, as the company continues to progress and advance its uranium projects in North America.”
Company shares last traded at 30.5 cents on April 27.
