VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 12, 2017) – Senator Minerals Inc. (TSX VENTURE:SNR)(OTC PINK:SNRAF)(FRANKFURT:T1KA) (“Senator” or the “Company“) is pleased to announce that, as part of its due diligence of the acquisition of the Carter Lake Uranium Project, the Company has engaged Canexplor Management Ltd. to oversee a preliminary investigation of the property. The program will be comprised of an aerial survey as well as a radon gas collection grid, along the primary extent of the interpreted subsurface conductors. Radon gas is a daughter product of the decomposition of uranium and a specific indicator of the presence of radioactive materials.
The Carter Lake Uranium Project, which borders Purepoint/Cameco/AREVA’s Hook Lake Project to the east, has basement depths estimated at between 400-500 metres, within the general discovery range of the McArthur River mine. The principal exploration target at Carter Lake is approximately 4.7 kilometres of subsurface conductive anomalies, identified in a 2006 MegaTEM survey and a 2008 VTEM survey, both completed by ESO Uranium Corp. The anomalies are interpreted as a conductive horizon, at or above the unconformity and which may be indicative of hydrothermal enrichment.
Senator is a junior mineral explorer focused on uranium exploration in northern Saskatchewan. Senator has entered into an agreement with an arm’s-length vendor to acquire a 100-per-cent interest in the Patterson North East (PNE) uranium project, located on the east side of the Athabasca basin in Northern Saskatchewan, the most productive uranium-producing region in the world.
Peter Born, P.Geo., a Qualified Person, has reviewed and approved the disclosure of technical information within this news release.
Tim Fernback, President & CEO
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Statements in this release that are forward-looking information are subject to various risks and uncertainties concerning the specific factors disclosed here. Information provided in this document is necessarily summarized and may not contain all available material information. All such forward-looking information and statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risks Factors” in the Company’s most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.