Lakeland Resources Announces Acquisition of Additional Uranium Properties

Lakeland Resources Inc. (TSXV:LK) announced that it has acquired two additional uranium properties in the Athabasca Basin of Saskatchewan by staking and has also entered into an option agreement for two projects at the northern margin of the Basin.

As quoted in the press release:

The two new projects optioned are located in the northern margin of the Athabasca strategically located near the Company’s existing projects. The South Pine Project, totaling 211 hectares is located adjacent to the Company’s Riou Lake Property and covers a 2.5 kilometre long basement conductor which has historic drill hole intersects up to 0.15% U3O8 across 0.13 metres located immediately above the unconformity. The complex magnetic setting with respect to the surrounding rocks, the conductive basement, and the historic drill hole uranium indications make this project a prime target for reinterpretation and follow-up exploration. No advanced exploration on the property has been recorded since 1982, and modern exploration techniques and exploration models have not tested the property.

To view the whole press release, click here.