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Okapi receives approval to drill at its Middle Lake Uranium Project in the Athabasca Basin


Highlights

  • Okapi Resources receives permits to drill at its Middle Lake Uranium Project

  • Extensive historically data at Middle Lake, including high grade surface samples, drilling data and geophysics indicate strong potential for economic mineralisation

  • Diamond core drilling program is being planned in the North America winter (Q1 2023)

  • Permits allows for up to 10,000m of drilling in 24 drill holes

Okapi’s Managing Director, Mr Andrew Ferrier said:


“This is an important milestone for Okapi, as the Company continues to progress and advance its uranium projects in North America. Obtaining a permit to drill at our 80% owned Middle Lake Project in the Athabasca Basin, the world’s premier uranium district, provides the opportunity for the company to start exploration work on our highly prospective exploration properties located only 4km from the past producing Cluff Lake Mine which produced approximately 64 million pounds of uranium.


The proposed exploration program will focus on prioritising drill targets by reinterpreting the historic geochemistry, geophysics and drill data, combined with satellite imaging (currently underway) which will provide a structural framework. The highest priority drill targets will then be followed by a potential diamond core drilling program, that is likely to be conducted in the North America winter of Q1 2023.”