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Last C$0.03 CAD
Change Today -0.005 / -14.29%
Volume 30.0K
ASC On Other Exchanges
As of 2:40 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

athabasca nuclear corp (ASC) Snapshot

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athabasca nuclear corp (ASC) Details

Athabasca Nuclear Corp. operates as a junior exploration and mining company in Canada. It primarily explores for uranium projects located in the Athabasca Basin, northern Saskatchewan, as well as the Yellowjacket Gold Project situated in Atlin, British Columbia. Athabasca Nuclear Corp. was formerly known as Yellowjacket Resources Ltd. The company was founded in 2011 and is headquartered in Cranbrook, Canada.

Founded in 2011

athabasca nuclear corp (ASC) Top Compensated Officers

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athabasca nuclear corp (ASC) Key Developments

Athabasca Nuclear Corporation Announces Commencement of its Winter Exploration Program at the Preston Uranium Property

Athabasca Nuclear Corporation announced the commencement of its winter exploration program at the Preston Uranium Property being explored by the Western Athabasca Syndicate. The Preston Property is strategically located proximal to Fission Uranium Corp.’s shallow, high-grade Triple R uranium deposit as well as NexGen Energy Ltd.’s Arrow discovery in the Patterson Lake region in Northwestern Saskatchewan. The winter field program has commenced with a 1,200 station ground-based gravity survey over three targets in the Depper Lake area including the FIN, FSA and Dixon targets. MWH Geo- Surveys Ltd. has been commissioned to complete the survey. The targets are located within five kilometres south and east of NexGen Energy Ltd.'s Fury target area as well as Fission Uranium Corp.’s Far East Zone where anomalous radioactivity was discovered in drill hole PLS14-255 in August of 2014. NexGen Energy Ltd. is exploring gravity anomalies on the Fury target that are coincident with conductors which trend onto the Syndicate’s Preston property from the north. Combined results of the 2014 and 2015 gravity surveys will be used to prioritize and refine targets for additional 2015 surveys as well as intended future drilling. The eastern targets (FSA, Canoe, and Swoosh) have already been identified as high priority targets based on 2014 exploration work and will be subject to additional RadonEx and ground based electromagnetic surveys in March-April of 2015. The RadonEx survey will commence by the second week of March and focus on target evaluation and refinement at the FSA, Swoosh, FIN and Canoe targets. A previous RadonEx survey commissioned by the Syndicate in 2014 returned strongly anomalous results of up to 139 pCi/L (RIW) associated with coincident electromagnetic, magnetic and gravity geophysical anomalies at the Canoe target. An important component of the 2015 RadonEx survey will be to infill and refine future drill locations at this prospective target. A total of approx. $3.75 million in expenditures on the Preston Uranium Property has been incurred including ground gravity, airborne and ground EM and magnetics, radon, soil, silt, biogeochem, lake sediment, and geological mapping surveys, as well as boulder prospecting and a first pass diamond drill program. Fifteen high-priority drill target areas associated with eight prospective exploration corridors have been successfully delineated through this methodical, multi-phased exploration initiative which has culminated in an extensive geological database for the project area. The 246,643 hectare Preston Uranium Property is the large individual property proximal to Fission Uranium Corp.’s Triple R deposit and the recent discovery made by NexGen Energy Ltd. on the Rook-1 Project. The potential of the area is highlighted by the recently reported results from Fission Uranium’s Patterson Lake South property with the announcement of the large, shallow, high grade Triple R deposit, which includes 79.6 million pounds at 1.58% U3O8 indicated and 25.9 million pounds at 1.30% U3O8 inferred.

Athabasca Nuclear Corporation Announces Executive Changes

Athabasca Nuclear Corporation announced to report that it has appointed Mr. Sam Wong, Chartered Accountant, as Chief Financial Officer of the Corporation effective February 15, 2015. Mr. Wong is currently the Chief Financial Officer of Chesapeake Gold Corp. and Lowell Copper Ltd. Prior to those positions, Mr. Wong was the Corporate Controller at Luna Gold Corp. where he oversaw the finance division during Luna's transition from development through to commercial production. Mr. Wong is a Chartered Accountant and articled at Deloitte &Touche LLP in Vancouver, BC where he specialized in assurance and advisory for mining companies. The company concurrently advises that Mr. Ian Fleming has resigned, effective February 15, 2015, as CFO of the Corporation and as a Director of the Corporation.

Athabasca Nuclear Corp. Appoints Brian Hearst as Independent Director and Chair of Its Audit Committee

Athabasca Nuclear Corporation reported that it has appointed Mr. Brian Hearst, CA, as an Independent Director of the Corporation and Chair of its Audit Committee. Mr. Hearst is a Chartered Accountant with over 30 years of experience in the oil and gas industry, including 15 years as Chief Financial Officer of junior and senior public companies, with both international and domestic operations. Mr. Hearst is also a member of the Institute of Corporate Directors of Canada.


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