Lakeland Resources’ (TSXv: LK) Gibbon’s Creek uranium project now shows some of the highest radon gas readings ever found in the Athabasca Basin, the company says. Data collected last year and released January 8 also confirms an historic boulder field, with assays reaching 4.28% U3O8. Additionally, a DC resistivity survey has mapped basement alteration found by historic drilling.
The 12,771-hectare project forms part of the 35,463-hectare Riou Lake property, a joint venture in which Declan Resources (TSXv: LAN) may earn 70% over four years, with a first-year exploration commitment of $1.25 million.
The survey by RadonEx Exploration Management, whose proprietary technology proved vital to Fission Uranium’s PLS, found Gibbon’s Creek readings peaking at 9.93 picocuries per square metre per second (pCi/m²/s). According to a statement by Lakeland president Jonathan Armes the readings, “to our knowledge, are the highest ever reported for the Athabasca Basin area.”
The highest value coincides with a uranium-in-soil anomaly found in historic work, part of more than $3 million of exploration performed on Riou Lake prior to Lakeland’s acquisition of the northern Basin property. Nine more radon samples reached above 3.2 pCi/m²/s, while the background level showed about 1.3 pCi/m²/s.
Meanwhile assays have confirmed existence of an historically defined radioactive boulder field. Prospecting by Dahrouge Geological Consulting found a 1-by-1.2-kilometre field with eight boulders grading over 1% U3O8, one of them hitting 4.28%. Eleven other samples assayed above 0.2%, with nine more below 0.2%. Also showing were anomalous values for nickel, arsenic, lead and cobalt.
Following up on historic drilling by Cameco Corp (T.CCO)-predecessor Eldorado Nuclear, the DC resistivity survey mapped one trend that ranges from near surface to about 200 metres, roughly coinciding with historic basement alteration and mineralization at 100 metres. A second resistivity trend coincides with strong radon values.
Ranking high on the project’s to-do list is a further radon survey. This year’s field work will also try to track the high-grade boulders to their source. Gibbon’s Creek sits less than three kilometres from the settlement of Stony Rapids, with power lines and highways passing through the property.
Source:
https://resourceclips.com/2014/01/12/athabasca-basin-and-beyond-31/#lakeland-resources-gibbons-creek-radon-radioactive-boulders