News
Overview
Contact

Zimtu Capital Corp.

Suite 1450 - 789 West Pender St.
Vancouver, BC V6C 1H2
Phone: 604.681.1568
Fax: 604.681.8240
Toll Free: 1.877.377.6222

Posts Tagged ‘UEX Corp’

Video: Exploring for Uranium in Saskatchewan’s Athabasca Basin with Lakeland Resources

Monday, March 24th, 2014

Equity holding Lakeland Resources Inc. (TSXv: LK) is a uranium exploration company focused on the Athabasca Basin in Saskatchewan, Canada.  The following is a short video on the company:

Lakeland Resources' Uranium Exploration in the Athabasca Basin

Lakeland Resources has developed a large-scale presence in the Athabasca Basin with more than 100,000 hectares in fifteen projects.  In March 2014, the company announced that it had oversubscribed a financing, closing $2.8 million.

For the company’s Gibbon’s Creek Property, Lakeland Resources signed an option agreement with Declan Resources whereby Declan can earn up to a 70% interest in the property.  The Gibbon’s Creek Property benefits from over $3 million of historic exploration completed by the previous owner UEX Corp. in 2005, and work by Eldorado Nuclear (one of the two predecessors to Cameco).

Lakeland and Declan are planning to mobilize a field crew to confirm the historic electromagnetic (EM) geophysics over the property in advance of an anticipated 2,500 metre drill campaign.  The drill campaign is expected to consist of up to 15 drill holes.

Declan Resources CEO, David Miller, recently appeared on Business News Network (BNN) to discuss the overall uranium market and the exploration activities in the Athabasca Basin.

David Miller of Declan Resources on BNN

David Miller of Declan Resources on BNN

Zimtu Capital holds 4,942,000 common shares and 2,785,000 share purchase warrants of Lakeland Resources and categorizes our investment as a core holding.  We continue to closely follow their exploration activities and developments in the Athabasca Basin.

Sincerely,

Dave Hodge

Dave Hodge
President
Zimtu Capital Corp.
Suite 1450 – 789 W Pender St.
Vancouver, BC
V6C 1H2
Tel: 604.681.1568
http://www.zimtu.com


Entries (RSS) and Comments (RSS).