North Atlantic Resources Acquires 2,000 Square Kilometer Uranium Exploration Permit In The Arlit Region, Republic Of Niger, West Africa.TORONTO -- Dr. Jon North, P.Geo., President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of North Atlantic Resources Ltd. ("the Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :NAC See network access control. ) is pleased to announce that the cabinet of the Republic of Niger Noun 1. Republic of Niger - a landlocked republic in West Africa; gained independence from France in 1960; most of the country is dominated by the Sahara Desert Niger capital of Niger, Niamey - the capital and largest city of Niger , west Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. has approved and granted the Company the 2,000 square km ABELAJOUAD exploration permit. "The Company has been exploring for gold in neighboring Mali since 2002 and has made two discoveries since then. We are very pleased to make this announcement and to expand our business interests into uranium exploration in Niger. We strongly believe in the people and geology of the region. It is our intention to operate this new business venture in the same way that we operate in Mali - with a minimum of expatriate employees and with optimal resources devoted to exploration." The Republic of Niger is an immature jurisdiction entering its first cycle of uranium exploration lead by innovative junior exploration companies. Niger is a French-speaking, landlocked landlocked adj. referring to a parcel of real property which has no access or egress (entry or exit) to a public street and cannot be reached except by crossing another's property. , peaceful, democratic country. It is the world's 4th largest uranium producer with annual production of approximately 35,000 tonnes of U3O8. ABELAJOUAD is in the Arlit region in northeast Niger and is accessible by charter flights and by paved road, approximately 800 km northeast of Niamey, the capital city. The eastern boundary of the property is 5 kilometers west of the Imouraren Deposit (Cogema) which contains 3.6 million pounds of U3O8. North Atlantic Resources Ltd. is engaged in the research, area selection, acquisition, and exploration of gold deposits in the Republic of Mali, and uranium in the Republic of Niger, west Africa. The Company is currently in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of a delineation drilling program at the FT Gold Project, a gold discovery in southern Mali. The Company is currently compiling the drilling data to define a resource at FT Gold Project by the 2nd quarter of 2006. North Atlantic has 19,093,153 common shares issued and outstanding (21,236,058 shares on a fully diluted basis). The technical information contained in this release and the technical work is being supervised by Jon North, Ph.D., P. Geo., who is a Qualified Person as defined by National Instrument 43-101. This press release was prepared by North Atlantic Resources Ltd. and no regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved the information contained herein. Please click the link to view the map showing the location of the ABELAJOUAD permit. http://www.ccnmatthews.com/docs/WAmap.pdf Please visit www.nac-tsx.com often to view maps and project details. North Atlantic Resources Ltd. (TSX:NAC) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion