09:26 AM EST - Generation Uranium Inc. : Announced that the recent acquisitions of the Yellow Frog and Pink Toad Uranium Projects on the Angilak Trend in the Yathkyed Basin, Nunavut Territory, Canada resulted in the acquisition of a VIM Uranium Target and the extension of VGR trend. The new targets encompasses 39.25 line-kilometers of historical VLF ground geophysics and features a 2.5 km long conductive fault zone with surface anomalies of uranium, potentially linked to a magnetic high. In addition, the new Acquisitions have increased Generation’s ownership in the VGR trend to the west. This VGR trend hosts several significant historical showings including the highly prospective VGR fault system, including 3 to 7 meter wide steeply-dipping carbonate/hematite veins and fractures containing uranium and sulphide mineralization in trachyandesite. Historical prospecting to the southwest along strike of the main VGR showing identified areas of alteration and uranium mineralization with values of 10% U308, extending the known mineralized trend. "Our attainment of the VIM Uranium Target, along with the extension of the VGR trend, represents a potentially significant step forward for our exploration program," said CEO Anthony Zelen. "We look forward to further exploration activities on our newly acquired Yellow Frog and Pink Toad Projects once the necessary permitting is in place.” Generation Uranium Inc.
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