Just one day after a research report was released on Lakeland Resources Inc. (TSXv: LK) (FSE: 6LL), the company reported expansionary plans in Saskatchewan’s Athabasca Basin. Announced November 27, a joint venture teams the company with Star Minerals Group on two claims totalling 1,092 hectares. The new turf sits adjacently north of the Gibbon’s Creek target, focal point of Lakeland’s Riou Lake property.....

1. Standing up to scrutiny
Subject of a research report, uranium junior Lakeland Resources
expands its Athabasca Basin presence
by Greg Klein
November 27, 2013
Figure: Located in the north-central Athabasca Basin, Lakeland Resources’ new property
lies adjacent to the Gibbon’s Creek target and less than two kilometres from the town of Stony Rapids.

2. Just one day after a research report was released on Lakeland Resources Inc. (TSXv:
LK) (FSE: 6LL), the company reported expansionary plans in Saskatchewan’s
Athabasca Basin. Announced November 27, a joint venture teams the company with
Star Minerals Group on two claims totalling 1,092 hectares. The new turf sits adjacently
north of the Gibbon’s Creek target, focal point of Lakeland’s Riou Lake property.
The acquisition takes place while results are pending from autumn field work at
Gibbon’s Creek. “Based on preliminary findings we decided it was important that we
acquire
that
ground,”
Lakeland
president/CEO
Jonathan
Armes
tells
ResourceClips.com. “Star Minerals is focused on a rare earth project north of the Basin
so the agreement works well for both companies.”
Gibbon’s autumn campaign, including boulder sampling, line-cutting, a RadonEx survey
and a ground DC resistivity survey, has just wrapped up, he adds. “We’re putting all the
data together and we’ll get that out imminently.”
A distinct topographical feature of the new property is an uplifted block of basement
rock that “highlights the evidence for structural offsets, a key feature of known
unconformity-type uranium deposits,” Lakeland stated. Historic work by Cameco Corppredecessor Eldorado Nuclear found several anomalous soil samples around the
uplifted block measuring up to 0.01% uranium. Trenching by Eldorado showed
concentrations of rare earths that might also indicate unconformity-type uranium
mineralization. The property has also undergone 14 historic drill holes.
Lakeland plans to follow up on the previous work while reviewing Gibbon’s Creek data
to identify drill targets. “We still have two other priority projects, South Pine bordering
Riou Lake on the west, and Perch Lake farther east,” Armes says. “There’s lots more
field work we can do, even during winter. Both radon and resistivity can be carried out
during the winter, so we’re not limited to fair weather programs.”

3. Gibbon’s Creek and the new claims also benefit from close proximity to the town of
Stony Rapids, a few kilometres away. Apart from the new acquisition, Lakeland has a
portfolio of nine properties totalling over 100,000 hectares in the northern and eastern
Basin.
Under the JV agreement, Lakeland may earn a 100% interest in the two additional
claims by paying Star $60,000 and issuing 600,000 shares over 12 months. Star retains
a 25% buy-back option for four times the exploration expenditures up to 90 days
following a resource estimate.
One day before the announcement, prospect generator Zimtu Capital Corp. (TSXv: ZC)
(FSE: ZCT1) released a report on Lakeland. Written by Zimtu research and
communications officer Derek Hamill, it places Lakeland in the context of Athabasca
Basin exploration, the nuclear energy industry and the outlook for uranium prices.
Presented as both research and opinion, Hamill’s work shows a shareholder’s
perspective—Lakeland is a core holding of Zimtu.
So a degree of self-interest can be acknowledged. But the breadth of research goes far
beyond Lakeland, its people and projects, providing a level of detailed scrutiny not often
applied to early-stage companies.
Download the Lakeland Resources research report:
http://resourceclips.com/wp-content/feature_images/Zimtu%20Capital%20%20Canadian%20Uranium%20Exploration%20and%20Lakeland%20Resources.pdf

4. Disclaimer: Lakeland Resources Inc. and Zimtu Capital Corp. are clients of
OnPage Media Corp, the publisher of ResourceClips.com. The principals of
OnPage Media may hold shares in those companies.
For more information on Lakeland Resources Inc. please visit the corporate website at
http://www.lakelandresources.com
or
contact
Roger
Leschuk,
Corporate
Communications at Ph: 604.681.1568 or TF: 1.877.377.6222 or email:
roger@lakelandresources.com