Athabasca Uranium Inc. (UAX.V) announced today the completion of its 2011 diamond drilling program at the Keefe Lake Uranium Project in the Athabasca Basin region of Saskatchewan.
The company said 5 holes (1,645 meters total) were completed in November and December 2011, with 2 holes encountering significantly anomalous alteration and another containing chloritic alteration at various intervals below the unconformity, a common feature found in the host rocks containing uranium mineralisation.
UAX shares, after opening unchanged at $0.185 this morning, are now lower by 5% at $0.175 and are just $0.035 above year lows.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
