Phase I drilling finds anomalous radioactivity at Lakeland Resources’ Star/Gibbon’s Creek uranium project
by Greg Klein | March 12, 2015
Lakeland Resources TSXV:LK wrapped up a successful 14-hole, 2,550-metre winter program by reporting anomalous radioactivity at its Star/Gibbon’s Creek project on March 12. While assays are pending, initial results also reveal “alteration suggestive of a proximal basement-hosted or unconformity-hosted uranium occurrence,” said company president Jonathan Armes.
The road-accessible project on the Athabasca Basin’s northern margin sits a few kilometres from the town of Stony Rapids, with nearby infrastructure.
Six holes along a corridor about 1.5 to two kilometres long struck the unconformity at depths of less than 125 metres, finding either anomalous radioactivity, alteration or both. The results confirm the trend as a high-priority target.
Three other holes along a one-kilometre corridor near the head of the Gibbon’s Creek boulder field found the unconformity at depths of less than 110 metres, again intersecting either anomalous radioactivity, alteration or both and confirming another high-priority target.
The readings come from a downhole scintillometer that measures radioactivity in counts per second and are no substitute for assays, which have yet to come. Lakeland attributes background radioactivity to readings of 10 to 100 cps. Results show these anomalous levels of at least 800 cps over 0.3 metres:
- An average 1,104 cps over 0.4 metres starting at 81.2 metres in downhole depth. The maximum level hit 1,379 cps.
- An average 1,204 cps over 0.3 metres starting at 99 metres, with a maximum of 1,589 cps.
- An average 1,072 cps over 0.7 metres starting at 99.6 metres, with a maximum of 1,312 cps.
- An average 2,828 cps over 1 metre starting at 107.1 metres, with a maximum of 7,926 cps.
- An average 1,415 cps over 0.6 metres starting at 102.9 metres, with a maximum of 1,740 cps.
True widths weren’t available. Along with the other anomalous results, hole GC15-03 is considered highly anomalous.
To further solidify targets, the project also underwent a 270-station ground gravity survey.
“During the coming weeks we will be in receipt of geochemical results for uranium and pathfinder elements such as boron, nickel, cobalt and arsenic,” Armes stated. “As with other historic uranium discoveries within the Athabasca Basin, each successful drill program helps guide the next towards the discovery of a new uranium occurrence.”
Lakeland also holds drill-ready projects at Newnham Lake, east of Star/Gibbon’s, and Lazy Edward Bay on the Basin’s southern rim. Late last month the company expanded its holdings to 32 properties totalling over 300,000 hectares, one of the largest portfolios in the Basin region.
Lakeland’s treasury currently has close to $3 million.
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