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Lakeland Resources finds strong surface radioactivity at Lazy Edward Bay

by Greg Klein | October 9, 2014

More results are coming but initial findings show radioactivity at surface in springs, muds and boulders at Lakeland Resources’ (TSXV:LK) Lazy Edward Bay project. Announced October 9, the 26,375-hectare property on the Athabasca Basin’s southeastern margin underwent a summer program of rock, soil and water geochemical surveys, as well as RadonEx.

Our corporate strategy of identifying early-staged, grassroots projects through the review of historic exploration data continues to pay dividends.—Jonathan Armes, president of Lakeland Resources

Work focused on two areas, the Bay and Liberty trends. At Liberty, a wide conductive zone about five kilometres long, the crew found a strongly radioactive spring and bog with scintillometer measurements between 500 and 3,300 counts per second. Radioactive boulders measured up to 5,600 cps. Historic work has found uranium in diabase dykes intruding on part of the conductive trend, including 224 ppm U3O8 over 0.5 metres.

The Bay trend consists of two parallel conductive trends, each about eight kilometres long, where historic drilling found anomalous uranium, boron, nickel and pathfinder metals. This summer’s RadonEx survey found strongly anomalous results associated with the historic conductors, the company stated.

“Our corporate strategy of identifying early-staged, grassroots projects through the review of historic exploration data continues to pay dividends as the Lazy Edward Bay property is confirmed to host multiple zones of radioactivity associated with historic conductors,” said Lakeland president Jonathan Armes.

Historic work came to millions of dollars. Multiple airborne and ground geophysical surveys and approximately 54 drill holes identified at least six conductive trends extending over 30 kilometres. Multiple sites featured strong alteration and/or anomalous radioactivity. Depth to the unconformity ranges from zero to 350 metres.

Still to come are full results for the summer program, prior to setting winter plans.

Last week Lakeland reported surface samples showing gold and platinum group elements, along with some rare earths and anomalous low-grade uranium, from its Star property. On the Athabasca Basin’s northern rim, the claims sit adjacent to Lakeland’s Gibbon’s Creek property, which has shown some of the Basin’s highest RadonEx readings and boulder samples grading up to 4.28% U3O8. The two properties now comprise one project joined by a major regional structural lineament associated with three mineralized systems.

Read more about Lakeland Resources.

Disclaimer: Lakeland Resources Inc is a client of OnPage Media Corp, the publisher of ResourceClips.com. The principals of OnPage Media may hold shares in Lakeland Resources.

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