Kirkstone Metals Announces Staking of Douglas River Uranium Project in the Athabasca Region

Core Insights - Kirkstone Metals Corp. has announced the acquisition of the Douglas River Uranium Project, enhancing its position in the Cluff Lake uranium district of northern Saskatchewan [1][4]. Project Details - The Douglas River Uranium Project covers approximately 1,326 hectares and is located near the Carswell meteorite impact structure, an area known for its geological significance and historical uranium production [2]. - The project is situated about 7 kilometers south of the decommissioned Cluff Lake uranium mine, which produced approximately 62 million pounds of U₃O₈ from 1980 to 2002 [2][4]. - Exploration interest in the area is driven by subsurface conductive anomalies identified over more than 12 kilometers, discovered by Cogema Resources Inc. during a Geotem Electromagnetic Survey in 1994 [3]. Strategic Implications - With the addition of the Douglas River Project, Kirkstone now holds a total of 8,230.9 hectares in the Cluff Lake district, collectively referred to as the Carswell Complex Project [4]. - The President & CEO of Kirkstone emphasized that acquiring projects near former producers helps to de-risk exploration efforts compared to exploring 'greenfield' sites [4]. - The company plans to conduct a technical review to determine the best approach for advancing the Carswell Complex Project [4].