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lakeland resources inc (LK) Snapshot

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Market Cap
2.7M
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424.4K
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Shares Outstanding
54.0M
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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

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

lakeland resources inc (LK) Key Developments

Lakeland Resources Inc. Acquires Additional Claims

Lakeland Resources Inc. announced that it has acquired additional claims through option agreements near its Newnham Lake Property, within the northeast portion of the Athabasca Basin. The property is situated along the shallow basement margin where depth to basement is expected to be from zero to around 100 metres. The Property is now approximately 24,500 hectares. The Property now includes the entire folded and faulted, graphitic meta-pelite trend which was the subject of the historic work. Drill hole intervals of up to 0.20% U3O8 along this trend. There are several untested portions of the trend, and mineralization at depth has not been fully tested.

Lakeland Resources Inc. Provides Update on Athabasca Basin Uranium Properties

Lakeland Resources Inc. provided an update on recent and planned work at its 100% owned Athabasca Basin uranium properties. Highlights includes: Star Uranium Property: Completion of follow-up mapping and prospecting at the Star Uranium Property. This work was completed in order to define the deposit model and the source of the gold, Platinum Group Element and Rare Earth Element mineralization observed during the fall of 2013; Lazy Edward Bay Property: Exploration permits have been received for the proposed summer work program and crews will begin mobilization to the property as soon as possible. The BAY trend will be the focus of exploration; and Fond Du Lac Property: Exploration permits have been received for the proposed summer work program and crews will begin mobilization to the property as soon as possible. The Fond du Lac Property is targeting a coincident geochemical and conductive target at the margin of the Athabasca Basin. Star Uranium Property: A total of 73 rock samples and 124 soil samples were collected from in and around the uplifted basement block at the northeastern portion of the property, immediately north of the margin of the Athabasca Basin. This work was completed in order to define the deposit model and the source of the gold and Platinum Group Element and Rare Earth Element ("REE") results obtained in the fall of 2013. The 2013 sampling explored a small portion of the uplifted basement outcrop on the Star Property. Anomalous concentrations of gold (up to 5.7 g/t Au), platinum group elements (0.75 g/t PGE's), rare earth elements (up to 6.9% TREO) and highly anomalous uranium; suggest the presence of a robust hydrothermal system. Lazy Edward Bay Property: Exploration permits have been received for the proposed summer work program and mobilization to the property will begin as soon as possible. The BAY trend will be tested with a RadonEX survey. This and other targets will be prospected in order to locate boulders or other surface expressions of shallow unconformity-style uranium mineralization. The BAY trend consists of two parallel conductive trends at the southern margin of the Athabasca Basin. The BAY trend is highlighted by historic exploration of Uranerz in 1982, where drill hole LE-50 which intersected the basement rocks about 1 kilometre south of the Athabasca sandstones. Moderately chloritized and sericitized, and weakly hematized migmatitic, graphitic pelite returned an assay value of 770 ppm uranium along with anomalous boron, nickel, pathfinder metals (Sask AR: 74G07-0042). Fond Du Lac Property: Exploration permits have been received for the proposed summer work program and crews will begin mobilization to the property as soon as possible. The Fond du Lac Property is targeting a coincident geochemical and conductive target at the margin of the Athabasca Basin.

Lakeland Resources Inc. Announces Board Changes

Lakeland Resources Inc. Mr. Steven Khan as a new member of the Company's Board of Directors. Mr. Steven Khan currently sits on the board of a number of private and public companies, as well as holding executive management positions. Until recently, he served as a Director of Energy Fuels Inc. Previously he was President, Chairman and Director of Strathmore Minerals Corp. until August 2013, when Strathmore was acquired by Energy Fuels. Mr. Khan replaces Mr. Ryan Fletcher who has resigned as Director to make room for the appointment.

 

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