Breaking News

Alibaba Indicated to Start Trading at $84 to $87
Tweet TWEET

Declan Resources Inc. and Lakeland Resources Inc. Plan Further Exploration at Gibbon's Creek Uranium Property, Athabasca Basin;

Declan Resources Inc. and Lakeland Resources Inc. Plan Further Exploration at 
Gibbon's Creek Uranium Property, Athabasca Basin; Drill Permits Received 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Declan Resources Inc. 
TSX VENTURE SYMBOL:  LAN
FRANKFURT SYMBOL:  DCR 
and Lakeland Resources Inc. 
TSX VENTURE SYMBOL:  LK
FRANKFURT SYMBOL:  6LL 
MARCH 18, 2014 
Declan Resources Inc. and Lakeland Resources Inc. Plan Further Exploration at
Gibbon's Creek Uranium Property, Athabasca Basin; Drill Permits Received 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 18, 2014) - Declan Resources
Inc. (TSX VENTURE:LAN)(FRANKFURT:DCR) ("Declan" or the
"Company") and its Joint Venture ("JV") partner Lakeland
Resources Inc. ("Lakeland") (TSX VENTURE:LK)(FRANKFURT:6LL) are
pleased to announce the winter and spring exploration plans for the
Gibbon's Creek Uranium Property (the "Property"), which is
located along the northern margin of the Athabasca Basin in Saskatchewan,
Canada. 
The JV partners are planning to mobilize a field crew to confirm the historic
electromagnetic (EM) geophysics over the Property by conducting a modern Moving
Loop Time Domain Electromagnetic ground survey within the next 1-2 weeks in
advance of an anticipated 2,500 metre, phase one, drill campaign. The drill
campaign is anticipated to consist of up to 15 drill holes and will start as
soon as practical after seasonal break-up conditions. All of the current
targets are located on dry land that can be easily accessed in winter and
summer. Lakeland is in receipt of permits that allow the JV to drill up to 52
drill holes on the Property. 
As announced in the January 8th, 2014 news release Lakeland developed several
drill targets at Gibbon's Creek based on fall, 2013 exploration including
a land-based RadonEX(TM) survey, a boulder prospecting survey and a
DC-Resistivity survey. 
This exploration resulted in the discovery of highly significant radon values,
the confirmation of high-grade boulders of up to 4.28% U3O8 and the definition
of an east-west resistivity low, interpreted as an alteration corridor. 
The Gibbon's Creek Property is comprised of five contiguous claims
totaling 12,771 hectares, located less than 3 kilometers from the settlement of
Stony Rapids. The Property is adjacent to the Black Lake Project, held jointly
by Uracan Resources Ltd. and UEX Corp. The Property benefits from nearby
infrastructure, with power lines and highways transecting the claims. The depth
to the unconformity at Gibbon's Creek is known to be shallow (ie. approx.
50 to 250 metres) increasing the economics of exploration. The Property also
benefits from a significant database of historic exploration information from
work completed by UEX Corp. as well as Eldorado Nuclear (one of the two
predecessors to what is now Cameco). 
Declan has the option to acquire up to a 70% interest in the Property by
incurring $6,500,000 of staged exploration expenditures, paying $1,500,000 in
cash and making share payments totaling 11,000,000 shares to Lakeland over a 4
year period. Lakeland will retain a 2% Royalty on Commencement of Commercial
Production; 1% of which can be purchased by Declan for C$1 million. After
Declan has earned its 70% interest, Lakeland's 30% interest in the
Property will be carried until Declan completes an initial NI 43-101 compliant
resource estimate for the Property. 
2014 exploration at Gibbon's Creek will be funded by Declan. Results from
the programs will be reported jointly by the partners as they become available. 
NI 43-101 Disclosure 
The technical information above has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43-101 and
reviewed on behalf of the company by Neil McCallum, P.Geo., a qualified person,
of Dahrouge Geological Consulting Ltd. 
About Declan Resources Inc. 
Declan Resources Inc. is an independent mineral exploration company based in
Vancouver, B.C. which is currently pursuing mineral exploration in their Nimini
Hills and Baomahun license areas in Sierra Leone and uranium mineralization in
the Athabasca Basin in Saskatchewan. 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 
Statements in this document which are not purely historical are forward-looking
statements, including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Forward looking statements in this news
release include that the JV partners are planning to mobilize a field crew to
confirm the historic electromagnetic (EM) geophysics over the Property by
conducting a modern Moving Loop Time Domain Electromagnetic ground survey
within the next 1-2 weeks in advance of an anticipated 2,500 metre, phase one,
drill campaign; and that the drill campaign is anticipated to consist of up to
15 drill holes and will start as soon as practical after seasonal break-up
conditions. 
It is important to note that actual outcomes and the Company's actual
results could differ materially from those in such forward-looking statements.
Risks and uncertainties include economic, competitive, governmental,
environmental and technological factors that may affect the Company's
operations, markets, products and prices. Factors that could cause actual
results to differ materially may include misinterpretation of data; that we may
not be able to get equipment or labour as we need it; that we may not be able
to raise sufficient funds to complete our intended exploration and development;
that our applications to drill may be denied; that weather, logistical problems
or hazards may prevent us from exploration; that equipment may not work as well
as expected; that analysis of data may not be possible accurately and at depth;
that results which we or others have found in any particular location are not
necessarily indicative of larger areas of our properties; that we may not
complete environmental programs in a timely manner or at all; that market
prices may not justify commercial production costs; and that despite
encouraging data there may be no commercially exploitable mineralization on our
properties. 
-30-
FOR FURTHER INFORMATION PLEASE CONTACT: 
Declan Resources Inc.
Tyson King
(604) 639-4472 
INDUSTRY:  Manufacturing and Production - Mining and Metals 
SUBJECT:  MEX 
-0-
-0- Mar/18/2014 16:01 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.