As part the agreement, Declan will pay totaling $250,000 within one year of TSX Venture Exchange approval and make $650,000 in exploration expenditures on the properties on or before 31 August 2016 to earn a 100% interest in the properties.
Located approximately 50km northeast of the Patterson Lake South (PLS) discovery of Fission Uranium and Alpha Minerals, the Patterson Lake Northeast property features 9,000 hectares.
Currently, Declan is gathering available geological data to begin exploration program as soon as practical while the Patterson Lake Northeast property acquisition marks the commencement of Declan’s move into uranium exploration in the Athabasca Basin.
Additionally, Declan is planning for its Nimini Hills property’s next phase of exploration in Sierra Leone while the company staff are reviewing acquisition of possible additional property for the uranium exploration in Saskatchewan.
The next phase of exploration on the Nimini Hills property is due to commence in October 2013.
Declan has also appointed Lesia Burianyk chief financial officer of the company and succeed John Parker effective from 05 September 2013.
Earlier, Burianyk served as an audit manager at a Canadian accounting firm in the mining industry and has significant experience with financial reporting requirements and providing corporate services.
The Patterson Lake Northeast property procurement and the appointment of Burianyk are subjected to TSX Venture Exchange approval.
