Resource World Magazine

South Korean consortium holds a 50% stake in Cree East. On January 17, CanAlaska announced that maintenance budgets for both projects had been finalized, while the company continues to market a participating interest in these projects. It also announced the acquisition of three claim groups in the Patterson Lake area of the western Athabasca Basin that total 6,687 hectares. Forum Uranium Corp. [FDC-TSXV] began a 3,449-metre drilling program at its NW Athabasca joint-venture project in the Athabasca Basin on February 28. The campaign will focus on the Barney Zone, where uranium mineralization was encountered with four previous drill holes. Forum and NexGen Energy Ltd., a private British Columbia corporation established by Australia-based Tigers Realm Group, hold 60% of the project; Cameco Corp. holds 27.5% and Areva the remaining 12.5%. On March 21, Forum announced it had closed the final tranche of a $2.6 million private placement. On April 10, the M AY 2 0 1 3 company reported intersecting uranium in eight of 17 holes, including Zone A which returned 4.5 metres of radioactivity with 1.2 metres "off scale." Lakeland Resources Inc. [LK-TSXV; 6LL-FSE] announced on April 2 that it had acquired two uranium projects in the northern part of the Athabasca Basin through staking. Both projects lie along the south shore of the Fond du Lac River and comprise 10 mineral claims for a total of 45,103 hectares. The properties contain indications of a prospective environment for unconformitytype and basement-hosted uranium deposit, according to the company. Long Harbour Exploration Corp. [LHC-TSXV] holds two uranium prospects in the eastern Athabasca Basin: the 2Z Lake and Madison. Geophysical programs have confirmed EM conductors indicating the potential for a high-grade uranium discovery. Drill targets are being further defined through assessments of known zones of alteration and conductivity. Purepoint Uranium Group Inc. [PTUTSXV] is exploring 11 uranium projects in the Athabasca Basin and has strategic partnerships with Cameco Corp., Areva and Rio Tinto. On April 4, it announced that the winter 2012/13 exploration program at the Hook Lake joint-venture project (Purepoint holds 21%, Cameco 39.5% and Areva 39.5%) had been completed. Hook Lake is located in southwestern Athabasca Basin, around 80 km southeast of the former Cluff Lake Mine. A 925-metre drill program was carried out in the south central region of the project, targeting the Patterson Lake corridor. A ground electromagnetic survey was also undertaken. Skyharbour Resources Ltd. [SYH-TSXV] is a uranium and precious metal exploration company that holds around 400,000 acres of prospective land in the Athabasca Basin area. In total, the company now holds around 388,000 acres with six properties located near the Alpha Minerals and Fission Energy Patterson Lake South uranium dis- www.resourceworld.com 21

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