Green Canada Uranium (TSXV: GCUC) has mobilized a drill to its Marshall project in the eastern Athabasca Basin, putting steel in the ground within days of the company’s shares beginning to trade.
The program consists of 2 holes designed to test geophysical targets on the 11,225 hectare property, which Green Canada owns outright.
“Green Canada is planning two drill holes to test geophysical targets that show promise for unconformity style uranium similar to those prolific high grade uranium deposits found in the eastern Athabasca,” said executive chairman Rick Mazur. “We are in elephant country where many more deposits remain to be found.”
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Marshall sits 30 kilometres southwest of CanAlaska Uranium’s West McArthur Pike Zone discovery, in a district that hosts Cameco’s McArthur River mine and Millennium deposit as well as Denison Mines’ Phoenix and Gryphon projects.
RELATED: Green Canada Uranium Closes Reverse Takeover, Set to Trade September 9
Green Canada picked up Marshall from Basin Energy as part of the reverse takeover of MAACKK Capital Corp. that closed on September 1, a transaction that carried a commitment to spend a minimum of $1,500,000 on exploration within 24 months. The drill now turning at Marshall starts that clock.
The company raised $2,922,580 across a series of private placements alongside the closing of the go public. Green Canada also holds Cree Lake outright and an option to earn 51% of the North Millennium project.
Green Canada last traded at $0.16 on the TSX Venture.
