Lakeland Resources Enters into Option Agreement with Declan Resources

Lakeland Resources Inc. (TSXV:LK, FSE: 6LL) and has signed a property option agreement with Declan Resources Inc. (TSXV:LAN) whereby Declan can earn up to a 70% interest in Lakeland’s Gibbon’s Creek Uranium Property  located on the northern rim of the Athabasca Basin, Saskatchewan.

According to the company press release:

Gibbon’s Creek, which is considered by Lakeland to be a core holding, comprises 5 contiguous claims totaling 12,771 hectares located less than 3 kilometers from the settlement of Stony Rapids and adjacent to the Black Lake Project held jointly by Uracan Resources Ltd. and UEX Corporation. The Gibbon’s Creek Property encompasses a portion of the Company’s 35,463 hectare Riou Lake Property and is where Lakeland’s fieldwork has been largely focused to date.

Jon Arnes, President of Lakeland said in a statement:

We are very pleased to have reached an agreement with Declan, where they have the opportunity to earn in to the Gibbon’s Creek Property and join efforts with our team. The agreement brings together two focused, hard working, and motivated teams and will allow for an expanded program at Gibbon Creek’s in 2014.

Click here to view the full press release.