Athabasca Uranium Inc. is a Vancouver-based junior resource company focused on uranium exploration in the Athabasca Basin of northern Saskatchewan, home to some of the world’s highest grade uranium deposits and mines.
Athabasca Uranium's strategy is to acquire conceptual and early-stage exploration opportunities and advance resource development through the use of leading-edge technology, geological understanding and the creation of strategic alliances and joint venture partnerships with major exploration and mining companies, investment funds and government agencies.
Exerpt from May 16 2012 news release on completion of spring drill program "Gil Schneider, President, commented “While these are early days, the Company is extremely pleased with the results of the program, as it is quite rare to encounter radioactivity on a first pass program. We attribute our success to the excellent preparatory and interpretative work performed by USASK’s Dr. Hajnal and our exploration team.”"
Athabasca Uranium is situating itself geographically right beside the "Big Dogs" in the uranium and mining business, such as Denison Mines and Cameco. The company hired Dr. Zoltan Hajnal, who was the seismic exploration expert for Hathor Exploration Ltd. Hathor’s exploration success was based on the use of seismic data to efficiently pinpoint targets. The success rate of its drilling subsequently rose to approximately 70%. Dr. Hajnal played an integral role in the Roughrider discovery which lead to the buyout of Hathor Exploration Ltd. by Rio Tinto earlier this year.
There is more DD that can be done so this is just the start.
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