Lakeland Intercepts Anomalous Radioactivity at Gibbons Creek Property

- March 12th, 2015

Lakeland Resources Inc. (TSXV:LK) announced the completion of its Phase 1 drilling program at the Gibbons Creek/Star property, which saw four drill holes encounter anomalous radioactivity near the sub-Athabasca unconformity.

Lakeland Resources Inc. (TSXV:LK) announced the completion of its Phase 1 drilling program at the Gibbons Creek/Star property, which saw four drill holes encounter anomalous radioactivity near the sub-Athabasca unconformity. Lakeland considered the Phase 1 drill program, which consisted of a total of 2,5550 meters and 14 holes, to be a success and provides additional targets for follow-up drill testing.

Highlights of the drilling program include:

  • Six drill holes (GC15-02, 03, 04, 07, 08 and 11) were completed along an approximately 1.5 to 2 kilometer long corridor with coincident resistivity low, gravity low and historic alteration and/or radioactivity. All holes intersected the unconformity at depths of less than 125 m, and intersected either anomalous radioactivity and/or alteration, as detailed below. Weakly graphitic pelitic gneiss was encountered in several holes at depths of about 40 meters below the sub-Athabasca unconformity. This trend remains a high priority exploration target.
  • DH GC15-03 intersected highly anomalous radioactivity below the sub-Athabasca unconformity within pelitic basement rocks, the zone consists of a one meter interval with >800 Counts Per Second (“CPS”) and peak value of 7,926 CPS. Variably strong to intense basement alteration persisted until at least 175 meter depth; with variable patchy to weak clay/chlorite alteration continuing until 189.87 meters. Drill hole GC15-03 is located approximately 210 meters east of historic drill hole GC-15 with historic analytical results of 0.18 percent U3O8 over 0.13 meters.
  • DH GC15-11, drilled approximately 20 meters north of GC15-03 intersected similar alteration to depths of 192 meters. This zone remains open in all directions, and requires following drilling along strike and at depth.
  • Three drill holes (GC15-01, 05 and 10) were completed along an approximately 1 kilometer long NNW trending structural corridor with a coincident resistivity low, gravity low and magnetic contact; all near the head of the historic Gibbons Creek boulder field. All holes intersected the unconformity at depths of less than 110 meters, and intersected either anomalous radioactivity and/or alteration, as detailed below. This trend remains a high priority exploration target.

Jonathan Armes, president of Lakeland Resources, commented:

We consider the first winter drill program at Gibbons a success, having encountered both anomalous radioactivity and alteration suggestive of a proximal basement hosted or unconformity hosted uranium occurrence. During the coming weeks we will be in receipt of geochemical results for uranium and pathfinder elements such as Boron, Ni, Co, As; as with other historic uranium discoveries within the Athabasca Basin, each successful drill program helps guide the next towards the discovery of a new uranium occurrence.

Click here to read the full Lakeland Resources Inc. (TSXV:LK)  press release.

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