Declan Resources acquires uranium mining rights in the context of its concession area Gibbons Creek

 

17. January 2014

Vancouver (British Columbia). Declan Resources Inc. (TSX-V: LAN) ("Declan" or the "Company") is pleased, the acquisition of two mineral mining rights (the "Property North Star") to announce, about the 11.100 Acres includes and extends along the northern rim of the Athabasca Basin in Saskatchewan as well as north of Declan's concession area Gibbons Creek, which is subject to a joint venture with Lakeland Resources.

The property was Northstar by an independent seller for 15.000 $ in bar und 1.500.000 Acquired common shares of Declan, which are payable after the completion of. The seller was also granted a license fee of two percent of gross sales. Declan's acquisition of the property Northstar subject to approval of the TSX Venture Exchange.

Recent exploration at Gibbons Creek confirmed the presence of radioactive boulders (up to 4,28 % U3O8), strongly anomalous radon-Ex values ​​and geophysical anomalies, consistent with alterations associated with known uranium deposits in the Athabasca Basin. This exploration work and the known radioactive deposits in this region confirm the potential of this area for structurally controlled uranium mineralization.

The property Northstar is above a complex magnetic background and probably contains the northern extensions of a number of significant regional structures, associated with uranium projects in this area. According to one interpretation of the magnetic background at Gibbons Creek there is a north-trending structural, the further north through the concession area of ​​Lakeland Star Resources Ltd.. extends to the concession area Northstar. The relationship between the uranium mineralization and this structure allows a new, structurally limited exploration target.

Immediately south of it, the project is Black Lake UEX Resources, which is above the system Platt Creek Fault, According to the interpretations extends further to the north to the eastern portion of the property Northstar. In Black Lake were numerous holes over a strike length of approximately 1,7 Kilometers extremely intersected anomalous uranium mineralization. The northern continuation of this structure represents an exceptional exploration target.

Wayne Tisdale soft:

"We are very pleased with the acquisition of the property Northstar. This concession area expands our land position in this exciting new exploration area. We look forward to the completion and announcement of our upcoming winter exploration program. "

Herr Gary Clark, a director of Declan and a "qualified person" under National Instrument 43-101, has reviewed the technical information in this news release has reviewed and approved.

Über Declan Resources Inc.

Declan Resources Inc. is an independent mineral exploration company headquartered in Vancouver, British Columbia, currently focused on exploration of mineral concession areas Nimini Hills and Baomahun in Sierra Leone and the uranium mineralization in the Athabasca Basin in Saskatchewan.

For more information, contact:
Declan Resources Inc.

Wayne Tisdale, President und CEO
T: (604) 639-4455

The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of this release.

For the correctness of the translation is any liability assumed! Please note original English message!

Those:IRW-Press.com.

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