Lakeland Resources Inc. has acquired two uranium projects by staking, both located within the northern part of the Athabasca Basin of Saskatchewan, Canada.
The Athabasca Basin hosts the world’s largest and richest high-grade uranium deposits. It currently accounts for approximately 20 per cent of the world’s annual production of uranium and as evidenced by several recent discoveries, is considered by the company to be significantly underexplored.
The Athabasca Basin hosts the world’s largest and richest high-grade uranium deposits. It currently accounts for approximately 20 per cent of the world’s annual production of uranium and as evidenced by several recent discoveries, is considered by the company to be significantly underexplored.
The North Basin Projects lie along the south shore of the Fond du Lac River, in northern Saskatchewan.
The two projects are comprised of 10 minerals claims totaling 45,103ha at the northern edge of the Athabasca Basin. Both properties contain favorable indications of a prospective environment for unconformity-type and basement hosted uranium deposits, including the presence of significant regional faults, complex quasi-linear magnetic features with favorable graphitic units interpreted for basement lithologies, and electromagnetic anomalies which are either untested or tested with only a limited number of drill-holes. The projects benefit from the archived database of modern regional-scale airborne gravity, magnetic and electromagnetic surveys.
The two projects are comprised of 10 minerals claims totaling 45,103ha at the northern edge of the Athabasca Basin. Both properties contain favorable indications of a prospective environment for unconformity-type and basement hosted uranium deposits, including the presence of significant regional faults, complex quasi-linear magnetic features with favorable graphitic units interpreted for basement lithologies, and electromagnetic anomalies which are either untested or tested with only a limited number of drill-holes. The projects benefit from the archived database of modern regional-scale airborne gravity, magnetic and electromagnetic surveys.