Jan 13 2015
Declan Resources Inc. ("Declan" or the "Company") is pleased to report that it has begun field work at it's wholly owned Davidson River Property, located about between 18 and 38 kilometres due west of Fission Uranium's Prolific Patterson Lake South uranium discovery (PLS), and about 25 kilometres southwest of the Shea Creek uranium deposits.
The Davidson River Property consists of five claims totaling about 25,351 ha along the southern margin of the Athabasca Basin.
The field work will included ground gravity survey(s) atop known structural trends and conductive zones identified from historic geophysical surveys. It is anticipated that the ground gravity data will enhance existing information on these structural trends and identify zones of low(er) density which are indicative of alteration zones within the basement rocks.
The Davidson River Property is situated within a northwest-southeast magnetic low corridor, interpreted as the southerly extension of Shea Creek basement domain; west of the southwesterly extension of the Patterson Lake magnetic corridor. The property is covered by a thin veneer of Cretaceous and Devonian rocks, which deterred historic exploration. The Property lies approximately 10 kilometres south of the present extent of the Athabasca Basin.
Historic exploration for uranium on the property includes a regional lake sediment survey, where over 300 samples were collected within the southwestern portion of the Athabasca Basin and outlying basement regions in 1978. The highest uranium value, 21 ppm, is located on the property. The property remained unexplored until 2006 when Titan Uranium conducted a regional MEGATEM survey on a portion of the property. This survey revealed several parallel magnetic trends with associated conductive features.
These conductive trends are the target for the currently planned ground gravity exploration program. The gravity program will provide a low cost approach to identifying zones which require additional exploration including drilling.
The Davidson River Property is within a highly prospective area within favorable magnetic low basement rocks and is host to known conductors, at shallow depths, and is considered underexplored.
David Miller states "We are thrilled to commence our winter exploration program on our Davidson River property. We were delighted when we acquired the property as it was of the largest tracks of land in the Patterson Lake area with favourable geology that was yet to be consolidated."
David Miller, President and Chief Executive Officer, is a Qualified Person (QP) by the standards of National Instrument 43-101, has reviewed the technical data described above and approves the contents of this news release.