Declan Resources Acquires Properties in Athabasca Basin and Wyoming, Completes Financing and VTEM Program

Declan Resources Inc. (TSXV:LAN) has acquired four Athabasca Basin mineral claims and 10 Wyoming mineral claims as part of its ongoing exploration program. The company also announced a non-brokered private placement of $2 million and said it has adopted an advanced notice provision by-law.

Furthermore, Declan recently completed a VTEM plus program on its Maybelle North and Richardson River properties in the Athabasca Basin.

As quoted in the press release:

Preliminary data from the airborne EM, flown by Aeroquest International Limited, reveals 4 electromagnetic trends that link up with the regional magnetic linears. Further analysis of this dataset will assist in locating graphitic conductive features within meta- sedimentary rocks that are associated with unconformity-style uranium deposits in the Athabasca Basin. A 2005 VTEM survey by Red Dragon Resources successfully mapped the graphitic conductor associated with the Dragon Lake Deposit located approximately 25 kilometres to the south of the Maybelle River North Project. The results of that survey indicated that more than one parallel zone trends toward the Declan properties.

Click here to read the Declan Resources Inc. (TSXV:LAN) press release.