The Conversation (0)
Lakeland Resources (TSXV:LK) has commenced drilling at its Star and Gibbons Creek properties on the north central edge of the Athabasca Basin in Saskatchewan.
Lakeland Resources (TSXV:LK) has commenced drilling at its Star and Gibbons Creek properties on the north central edge of the Athabasca Basin in Saskatchewan.
As quoted in the press release, highlights of the program included:
- Follow up historic drill holes including GC-15 (0.18% U3O8 over 13 cm), and along strike of a prominent east-west resistivity low. Multiple holes in the area encountered anomalous uranium and nickel (over 200 ppm uranium at the unconformity) and extensive basement alteration.
- Investigate the resistivity low anomaly and magnetic contact up-ice from the radioactive boulder-field.
- Investigate structural and geological setting of gold mineralization (multiple surface samples from 1 to 5.7 g/t Au) at the Star Property.
Lakeland president and CEO, Jonathan Armes, said:
We are very pleased to announce Lakeland’s Phase I drill program on the Star/Gibbons Creek properties is underway. The augmentation of historic exploration data with recent exploration results for these properties, coupled with a modern understanding of uranium mineralization in the basin has greatly enhanced the potential of this Phase I drill program. The Company is well funded to carry out exploration on a number of its wholly owned Basin properties, and we expect a very busy and exciting year.
Click here to read the Lakeland Resources (TSXV:LK) press release