Resource World Magazine

68 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 2 0 the La Ronge Gold Belt of northeastern Saskatchewan. "Although preliminary, the flotation gold recovery test results of better than 89% for the five tested sub-samples are very encouraging," stated Ron Netolitzky, President and CEO. MAS Gold's projects also include the advanced-stage Greywacke North prop- erty 85 km north of La Ronge, which hosts high-grade, gold-bearing zones having a NI 43-101 compliant (cut-off grade of 5 g/t Au) Indicated Resource of 255,500 tonnes grad- ing 9.92 g/t gold plus an Inferred Resource of 59,130 tonnes grading 7.42 g/t gold. See Ron Netolitzky profile on page 32. Murchison Metals Ltd. [MUR-TSXV; 3TF-FSE] has acquired an additional 5,601 hectares of claims (M claim block) east of the existing Brabant Lake Project in north- ern Saskatchewan. The M claim block covers 12 EM conductors previously identi- fied in a 1968 airborne geophysical survey. The company owns the Brabant- McKenzie VMS deposit, which remains open to expansion, and 12 high-priority targets scheduled to be drilled in Q1 2020. The deposit hosts Indicated Resources of 2.1 million tonnes averaging 7.08% zinc, 0.69% copper, 0.49% lead and 39.6 g/t silver, plus Inferred Resources of 7.6 mil- lion tonnes of 4.45% zinc, 0.57% copper, 0.19% lead and 18.4 g/t silver. The recent addition of six new highly prospective claim blocks, covering about 107 km 2 (Henry 1 to 5 and M claim blocks), significantly enhances Murchison's landholdings. NexGen Energy Ltd. [NXE-TSX, NYSE] reported assay results for an additional 40 holes from its recently completed feasibility-stage drilling program at the 100%-owned, Rook I property in the Athabasca basin. Intersections of the Arrow deposit during the 2019 drilling campaign continue to verify the overall continuity of the A2 and A3 prefeasibility indicated domains and confirm the highest confidence measured resource spacing. At the A2 high-grade domain, hole AR-19-229c5 intersected 46.0 metres at 4.51% U 3 O 8 (614.0-660.0 m) including 4.0 metres of 15.21% U 3 O 8 (629.0-633.0 m). At the A3 domain, hole AR-19-238c3 inter- sected 21.0 m at 1.76% U 3 O 8 (496.5-517.5 m) including 9.0 metres of 3.94% U 3 O 8 (496.5-505.5 m). North Arrow Minerals Inc. [NAR- TSXV; NHAWF-OTC] holds a 100% interest in the Pikoo diamond project in 140 km east of La Ronge, east-central Saskatchewan. Ten discrete kimberlite occurrences have been drilled to date, five of which are diamondiferous. Purepoint Uranium Group Inc. [PTU- TSXV] has mobilized field crews to the Hook Lake uranium project in preparation for a winter's exploration program. The project is a joint venture among Cameco (39.5%), Orano Canada (39.5%) and Purepoint (21%) in the Patterson uranium district. Hook Lake lies on the southwest edge of the Athabasca basin and is adjacent to and on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R deposit and NexGen's Arrow deposit. An exploration budget of $2-million has been approved by the Hook Lake JV partners for 2020 that includes up to 3,500 metres of drilling in approximately seven holes and a geophysical survey. Rio Tinto Plc [RIO-NYSE, LSE, ASX] has a 100% interest in the Roughrider uranium project in the Athabasca basin. Rockridge Resources Ltd. [ROCK- TSXV] has outlined several high quality drilling targets at its Knife Lake Project northwest of Sandy Bay. The program suc- cessfully refined three high priority target areas within a 6-km radius of the Knife Lake deposit to drill-ready status, eight remain- ing priority targets will be assessed in future programs. Rockridge has an option agreement with Eagle Plains to acquire a 100% interest in the property that covers the majority of the Knife Lake Cu-Zn-Ag-Co VMS deposit. Recent drilling highlights include 4.31% copper over 13.2m. Rockridge recently announced a maiden NI 43-101 resource at Knife Lake contain- ing an Indicated Resource of 3.8 million tonnes grading 1.02% CuEq at a cut-off of 0.4% CuEq. SASKATCHEWAN

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