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lakeland resources inc (LK) Snapshot

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52 Week High
01/21/14 - C$0.30
52 Week Low
10/1/14 - C$0.05
Market Cap
7.0M
Average Volume 10 Days
75.1K
EPS TTM
C$-0.04
Shares Outstanding
74.1M
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lakeland resources inc (LK) Details

Lakeland Resources Inc., a uranium exploration company, is engaged in the acquisition, exploration, and development of mineral properties primarily in the Athabasca Basin, Saskatchewan Canada. The company has approximately 100,000 hectares of exploration properties in the Athabasca Basin. It also has interests in various gold and copper properties. The company was formerly known as Cats Eye Capital Corp. and changed its name to Lakeland Resources Inc. in August 2010. Lakeland Resources Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Founded in 2007

lakeland resources inc (LK) Top Compensated Officers

President, Chief Executive Officer and Direct...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

lakeland resources inc (LK) Key Developments

Lakeland Resources Inc. Announces Management Changes

Lakeland Resources Inc. announced the appointment of Ms. Jody Bellefleur as Chief Financial Officer for the Company. Ms. Bellefleur has been Chief Financial Officer of Zimtu Capital Corp. since June, 2013 and has been with the Zimtu group of companies since 2008. Mr. Sam Wong has resigned as Chief Financial Officer.

Lakeland Expands Holdings in the Athabasca Basin Region

Lakeland Resources Inc. announced the acquisition, by staking, of four new uranium properties totaling 17,954 hectares and the expansion of five of its existing properties totaling an additional 22,264 hectares all located within the Athabasca Basin region, Saskatchewan. The properties that were expanded include: Lazy Edward Bay, Riou Lake, Hawkrock Rapids, Small Lake and Fedun Lake. The new claims were acquired in order to cover targets identified from a review of historic work. A highlight of the review is at the expanded Lazy Edward Property, where two conductive trends were defined by an airborne VTEM survey by Dejour Enterprises in 2006. One of the trends was followed up on the ground in 2009 with a Fixed-loop Time-Domain (FLTEM) survey and was apparently not drill-tested. The Lazy Edward Property, now totaling 31,128 hectares in size, contains eight significant exploration trends, many of which are drill-ready.

Lakeland Resources Inc. to Provide Results from the Summer 2014 Exploration at its Lazy Edward Bay Property

Lakeland Resources Inc. to provide results from the summer 2014 exploration at its 100% owned Lazy Edward Bay Property located at the southeastern margin of the Athabasca Basin, Saskatchewan. Liberty Trend Surface rock samples with 537 and 896 ppm U3O8; strongly anomalous soil samples with peak values of 14.8 ppm U; 2,920 ppm As; 119 ppm Co; and 112 ppm Ni; and Bay Trend - Soil and RadonEX samples show strong anomalism atop known conductors. Two radioactive boulders collected near the radioactive springs reveal 537 and 896 ppm U(3) O(8) as, with highly anomalous pathfinder elements such as As, Co, Cr, Ni, and Pb. An outcrop sample from the diabase dyke located approximately 350 metres to the south encountered low uranium, but was also enriched in base metals such as Cu, Co, Zn. These results bolster the significance of the Liberty Trend in relation to historic exploration highlighted by known uranium mineralization within drill holes, structural off-sets and conductive basement rocks. The Liberty Trend consists of a wide, approximately five kilometre long, conductive zone within the southwest portion of the property. A portion of the trend is intruded by diabase dykes, which were the focus of historic exploration and where uranium mineralization was noted. A large vertical displacement (reverse fault) of up to 80 metres has also been identified. Conductive (graphitic) basement rocks and structural disturbances at the Liberty Trend were examined by Uranerz Exploration and Mining Ltd. in 1979. Within Hole DDH LE-1 highly anomalous uranium (224 ppm U3O8 across 0.5 metres) was encountered within highly altered basement rocks. Other notable anomalous drill intersections include DDH LE-14 with up to 5,100 ppm Cobalt.

 

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