Lakeland Resources Inc.: Numerous drill targets identified in the uranium concession area Gibbons Creek

 

8. January 2014. Lakeland Resources Inc. (TSX-V: LK; ESF: 6LL) ("Lakeland" or the "Company") und sein Optionspartner Declan Resources Inc. (TSX-V: LAN) („Declan“) rejoice, an update of the recent work in the uranium concession area Gibbons Creek („Gibbons Creek“) provide, extending along the northern rim of the Athabasca Basin (Saskatchewan) extends.

Highlights

• Successful completion of a land-based RadonEx ™-examination at Gibbons Creek, having a maximum value of 9,93 pCi/m² ergab (probably one of the highest reported values ​​RadonEx, recorded in the Athabasca Basin to date)

• Soil exploration- and sampling program to confirm the occurrence of a historic radioactive block field in the concession area Gibbons Creek. Results include eight blocks with values ​​of more than 1,0 % U3O8 and a maximum value of 4,28 % U3O8.

• Successful completion of an approximately 38 Kilometer (Crow) comprehensive study of the DC resistance. The solid portion of the resistance is in line with historical alteration and mineralization consistent.

"We are pleased, to report these results today, as they confirm the potential for significant uranium discovery in the uranium concession area Gibbons Creek. Of particular interest is the very high radon levels are, identified by RadonEx and include to our knowledge, the highest, that have ever been reported in the Athabasca Basin ", sagte Jonathan Armes, President von Lakeland Resources Inc.

Gibbons Creek consists of five contiguous mining rights with a total size of 12.771 Acres and is less than three kilometers from the village of Stony Rapids. The property is located next to the Black Lake project, the jointly owned by Uracan Resources Ltd.. and UEX Corporation is. The property Gibbon's Creek comprises a part of the company's concession area Riou Lake with a size of 35.463 Hectare, where the main focus of Lakeland field work was previously addressed.

Declan can earn up to 70 Acquire percent of the uranium concession area Gibbons Creek, by 6.500.000 $ to ensure payment or payments, in which 1.500.000 $ in cash and other payments in the form of 11.000.000 Shares are to be paid within four years.

RadonEX investigation

Lakeland beauftragte RadonEx Ltd., whose Electret Ionization Chamber, technology was in the discovery of uranium deposits at Patterson Lake South extremely successful, with the implementation of radon studies in the concession area Gibbons Creek. In the concession area Gibbons Creek were in areas, where historical drilling has been carried out and where there are other positive indications of uranium, overall 592 Samples taken. The investigation was conducted in line with intervals of 200 Performed meters, while samples stations 50 Meters were apart. The results of the study indicate a maximum value of 9,93 pCi/m2/s hin, with nine sample values ​​of about 3,2 and background values ​​of about 1,3 revealed. The highest radon value is consistent with a defined historical uranium-in-soil anomaly consistent. These results confirmed the current drill targets based on historical results and defined new targets of the highest priority.

Currently, plans are underway, to perform a subsequent radon study to extend these positive results as soon as possible.

Exploration and sampling

The exploration staff of Dahrouge Geological Consulting Ltd.. could successfully confirm the historically defined radioactive block field in the concession area Gibbons Creek. In the context of historical works by Eldorado Nuclear sandstone blocks with uranium values ​​of up to were 4,9 % U3O8 identified.

As part of the recent exploration work was an approximately 1,2 times 1,0 Identified kilometers large area, houses the radioactive blocks. The results indicate eight blocks having values ​​of about 1,0 % U3O8 and a maximum value of 4,28 % U3O8 hin. In addition, eleven samples showed values ​​of over 0,2 % U3O8. The remaining nine field blocks in the block test showed less than 0,2 % U3O8. Many of the mineralized blocks contain anomalous nickel-, Arsenic, Lead- and cobalt values.

The exact bedrock source of the blocks is not yet known at the time, but the focus of the next field season will be on detailed studies of glacial, to define the source better. The size of the blocks varies between about 15 and 80 Centimeters (Diameter), measured at the longest. The altered sandstone blocks are usually subangular to rounded. The relationship between sandstone blocks and base blocks is approximately 100:1, but varies locally throughout the concession area. In the project area, two separate groups were recorded by glacial strip - the first has a slope of about 235 Grad auf, the other about 275 Degree.

Ground geophysics

Patterson Geophysics Inc. aus La Ronge (Saskatchewan) resulted in the concession area Gibbons Creek through a pole-dipole DC studying the resistance. The study was carried out, to expand the underground Alteration, the historic drilling programs in the context of Eldorado Nuclear in the years 1978 and 1980 had been identified. Historical drill logs report a "comprehensive, up to 72 Meter underground Alteration ' (Assessment Report 74P04-0024, S. 20). The altered base is also as soft, extremely altered and with considerable hematite, Chlorit- described and clay alteration.

The Interpretation of the resistance was of Livingsky Geophysics from Saskatoon (Saskatchewan) carried out. It is a 3-D model of the data resilience and depth images of different levels were created, to map the resilience in specific depths. The unconformity is located at a depth of about 70 Meters on the northern edge or. at a depth of approximately 120 Meters on the southern edge of the study area. At a depth of about 100 Meters below the surface (150 Meter ü. d. M.) there is a section with a pronounced low resistance from east to west (less than 1.000 Ohm), which is fully consistent with the historical background alteration and mineralization. This solid portion of the resistance comes from the surface (250 Meter ü. d. M.) to a depth of approximately 200 Meters (50 Meter ü. d. M.) before. Another strong resistivity anomaly is largely consistent with the strong radon anomalies on the northern edge of the study area. Both sections of the resistance set priorities for subsequent drill testing is.

About the Property

The property Riou Lake benefits from historical exploration work with a value of over three million, including modern geophysical investigations by the previous owner UEX Corp.. in 2005 as well as works by Eldorado Nuclear. The property also benefits from the nearby infrastructure with power lines and highways, extend beyond the mining rights. Lakeland directed his attention to the testing of objectives such as Gibbons Creek, where the depth of the unconformity is known to be small (of. B. ~ 50-250 Meter), which the economic efficiency of the exploration can be increased.

Notification relating to NI 43-101

The above technical information was in accordance with the Canadian regulatory requirements of National Instrument 43-101 and reviewed by Neil McCallum, P.Geo., von Dahrouge Geological Consulting Ltd., of Directors of Lakeland and a "qualified person", approved on behalf of the company.

Analysemethoden

All rock samples were sent to Activation Laboratories Ltd.. („Actlabs“) Ancaster not (Ontario) sent. Actlabs is a certified according to ISO laboratory and independent from issuers. All samples were mixed with a 39 Elements of comprehensive "partial extraction" with ICP-MS/ICP-OES-Analyse or. a 49 Elements of comprehensive "total extraction" examined with ICP-MS/IPC-OES-Analyse. Samples with values ​​above 8.000 ppm Uran (both extractions) were analyzed by the 8-U3O8-XRF method, wherein a 0.5-gram sample was melted with lithium metaborate / tetraborate and analyzed by XRF. Samples with values ​​below 8.000 ppm uranium are referred to herein by the partial extraction- reported and ICP-MS method. Samples with values ​​above 8.000 ppm uranium are reported herein using the XRF method. Uranium values ​​by a conversion factor of 1,1792 converted to U3O8 values.

All samples were analyzed for Au, Examined Pt and Pd, the 1C-OES exploration method was applied with fire assay on a 30 gram sub-sample with ICP finish.

Über Lakeland Resources Inc.

Lakeland Resources Inc. is a pure uranium exploration company with a focus on the Athabasca Basin, Saskatchewan (Canada), which houses some of the world's largest and most high-grade uranium deposits. The Company's shares are traded on the TSX Venture Exchange under the symbol "LK" and on the Frankfurt Exchange under the symbol "6LL".

For more information, visit the company's website at http://www.lakelandresources.com or contact Roger Leschuk, Corporate Communications, by phone 604.681.1568, by fax unter 1.877.377.6222 oder per E-Mail unter roger@lakelandresources.com.

Im Namen des Board of Directors
LAKELAND RESOURCES INC.

„Jonathan Armes“

Jonathan Armes
President, CEO und Chief
Mobil: 416.708.0243
Tel.: 604.681.1568
Fax: 1.877.377.6222
E-Mail: jarmes@lakelandresources.com
Internet: http://www.lakelandresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (accordance with the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

The statements in this document, are not purely historical are, are forward-looking statements and include any statements regarding beliefs, Plans, Expectations or intentions, relate to the future. Forward-looking statements in this press release, that the RadonEx study probably resulted in one of the highest ever reported in the Athabasca Basin value; that these results have the potential for a significant uranium deposit; all references to historical drilling reports and other positive indications of uranium; that the company will conduct a subsequent investigation radon; References to the field work of the next season; References to the depth of the unconformity in relation to the economics of exploration.

It must be pointed out, that the Company's actual results could differ materially from those, The forward-looking statements are those expressed. Risks and uncertainties include economic, competition related, official, environmental and technological factors, the Company's operations, the markets, Could affect products and prices. Factors, which could cause, that actual results may vary materially, include misinterpretation of data; that we may not be able, to get equipment or labor; that we may not be able, raise sufficient funds, to our planned exploration- conduct and development work; that our applications to drill may be denied; that we weather- could prevent or logistical problems or risks from exploration; that equipment may not work as expected; that the precise data analysis in depth may not be possible; the results, which we or others have found in any particular location, not necessarily represent an indication of larger areas of our concession areas; that we do not or environmental programs in time. could not conclude; that market prices may not justify commercial production costs; and that there may be no commercially mineable mineralization in our concession areas, despite encouraging data.

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

 

Those: IRW-Press.com.

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