Highlights:
- 2023 Drilling campaign included 15 holes at Long Pocket and 3 holes at
Black Hills uranium prospects. - All
Black Hills exploration drill holes return significant mineralisation:
- BH23DD001 – 3.0m @ 259ppm U3O8 from 29m depth
- BH23DD001 – 6.05m @ 218ppm U3O8 from 120.12m depth
- Including 0.98m@ 505ppm U3O8 from 120.12m
- BH23DD002 – 2.0m @ 591 ppm (0.06%) U3O8 from 209m
- Including 0.9m @ 1154ppm U3O8 from 210.1m
- BH23DD003 – 3.0m @ 1844ppm (0.18%) U3O8 from 88m
- Including 2.00m @ 2671ppm (0.27%) U3O8 from 89m
- Assay results from Long Pocket confirm that shallow uranium mineralisation continues to the north-east:
- LP23DD002 - 1.0m @ 545ppm U3O8 from 42.0m
- LP23DD006 – 0.68m @ 980ppm U3O8 from 81.0m
- LP23DD008 – 0.73m @ 149ppm U3O8 from 4.93m
- LP23DD011 – 0.96m @ 109ppm U3O8 from 21.54m
- LP23DD015 – 1.02m @ 692ppm U3O8 from 51.9m
- Rock chips from
U-Valley prospect return up to 1.49% U3O8 - Long Pocket maiden resource modelling planned for 2024
Over 4,000m of diamond drilling, for 40 holes were completed at four discrete targets during 2023: Amphitheatre, Long Pocket,
Commenting on the exploration results, Laramide's President and CEO
"The consistency of today's results supports our plans to begin modelling a maiden resource at the Long Pocket area in 2024. This 'Long Pocket area' includes
Three scout holes were drilled in 2023, each intercepting multiple zones of mineralisation with results including:
- BH23DD001 - 3.0m @ 259ppm U3O8 from 29m depth
- BH23DD001 - 0.98m@ 505ppm U3O8 from 120.12m
- BH23DD002 - 2.0m @ 591 ppm (0.06%) U3O8 from 209m
- Including 0.9m @ 1154ppm (0.12%) U3O8 from 210.1m
- BH23DD003 - 3.0m @ 1844ppm (0.18%) U3O8 from 88m
- Including 2.00m @ 2671ppm (0.27%) U3O8 from 89m
Mineralisation is hosted in the coarse-grained to granular Westmoreland conglomerate with the higher grades (>0.1%) associated with the fractured footwall contact of intrusive dolerite dykes.
These results, combined with a review of historical data from the 1970's, promote
At Long Pocket 15 exploration drillholes were completed to test mineralisation extensions to the north and north-east.
Importantly, results from drill holes LP23DD-002, -008 and -011 present immediate step outs of over 100m from known shallow, flat-lying mineralisation, whilst LP23DD-006 and -015 suggests a potential mineralised corridor to the
- LP23DD002 – 1.0m @ 545ppm U3O8 from 42.0m
- LP23DD006 – 0.68m @ 980ppm U3O8 from 81.0m
- LP23DD008 – 0.73m @ 149ppm U3O8 from 4.93m
- LP23DD011 – 0.96m @ 109ppm U3O8 from 21.54m
- LP23DD015 – 1.02m @ 692ppm U3O8 from 51.9m
Table 1: 2023 Long Pocket and | ||||||
HOLE ID | Prospect | GDA94_Easting | GDA94_Northing | Dip | Azimuth | Depth (m) |
BH23DD001 | 205691 | 8066136 | -50 | 205 | 186.3 | |
BH23DD002 | 205407 | 8066209 | -50 | 175 | 219.5 | |
BH23DD003 | 205277 | 8066067 | -50 | 355 | 240.6 | |
LP23DD001 | Long Pocket | 204809 | 8065402 | -80 | 355 | 51.7 |
LP23DD002 | Long Pocket | 204857 | 8065314 | -80 | 355 | 51.7 |
LP23DD003 | Long Pocket | 205008 | 8065406 | -80 | 355 | 54.8 |
LP23DD004 | Long Pocket | 205168 | 8065504 | -80 | 355 | 69.8 |
LP23DD005 | Long Pocket | 204907 | 8065501 | -80 | 355 | 57.7 |
LP23DD006 | Long Pocket | 205009 | 8065611 | -80 | 355 | 96.7 |
LP23DD007 | Long Pocket | 204693 | 8065366 | -80 | 355 | 42.7 |
LP23DD008 | Long Pocket | 204551 | 8065400 | -80 | 355 | 45.9 |
LP23DD009 | Long Pocket | 204452 | 8065406 | -80 | 355 | 45.8 |
LP23DD010 | Long Pocket | 204336 | 8065394 | -80 | 355 | 42.7 |
LP23DD011 | Long Pocket | 204110 | 8065377 | -80 | 355 | 42.7 |
LP23DD012 | Long Pocket | 205337 | 8065619 | -80 | 355 | 132.7 |
LP23DD013 | Long Pocket | 205510 | 8065853 | -80 | 355 | 78.9 |
LP23DD014 | Long Pocket | 205562 | 8065742 | -80 | 355 | 51.7 |
LP23DD015 | Long Pocket | 205733 | 8065979 | -50 | 25 | 150.5 |
Table 2: Black Hill and Long Pocket Significant intercepts (>100ppm U3O8) | |||||
HOLE ID | Prospect | From | To (m) | Interval | U3O8 (ppm) |
BH23DD001 | 29.00 | 32.0 | 3.00 | 259 | |
120.12 | 121.10 | 0.98 | 505 | ||
122.20 | 126.17 | 3.97 | 214 | ||
BH23DD002 | 51.60 | 52.65 | 1.05 | 158 | |
179.00 | 181.00 | 2.00 | 135 | ||
183.00 | 183.80 | 0.80 | 149 | ||
184.93 | 185.73 | 0.80 | 262 | ||
209.00 | 211.00 | 2.00 | 591 | ||
including | 209.00 | 209.90 | 0.90 | 1154 | |
BH23DD003 | 20.90 | 22.00 | 1.10 | 222 | |
73.00 | 74.00 | 1.00 | 133 | ||
83.18 | 86.00 | 2.82 | 246 | ||
88.00 | 91.00 | 3.00 | 1844 | ||
including | 89.00 | 91.00 | 2.00 | 2671 | |
LP23DD001 | Long Pocket | No significant intercepts | |||
LP23DD002 | Long Pocket | 42.00 | 43.00 | 1.00 | 535 |
LP23DD003 | Long Pocket | No significant intercepts | |||
LP23DD004 | Long Pocket | No significant intercepts | |||
LP23DD005 | Long Pocket | No significant intercepts | |||
LP23DD006 | Long Pocket | 81.00 | 81.68 | 0.68 | 980 |
86.50 | 87.22 | 0.72 | 249 | ||
LP23DD007 | Long Pocket | No significant intercepts | |||
LP23DD008 | Long Pocket | 4.93 | 5.66 | 0.73 | 149 |
LP23DD009 | Long Pocket | No significant intercepts | |||
LP23DD010 | Long Pocket | No significant intercepts | |||
LP23DD011 | Long Pocket | 21.54 | 22.50 | 0.96 | 109 |
LP23DD012 | Long Pocket | No significant intercepts | |||
LP23DD013 | Long Pocket | No significant intercepts | |||
LP23DD014 | Long Pocket | No significant intercepts | |||
LP23DD015 | Long Pocket | 51.90 | 52.92 | 1.02 | 692 |
Further to previously reported "off-scale" radiometric anomalism at the
________________________________ |
1 Press release, |
Table 3 – U-Valley | ||||
Sample ID | Easting | Northing | U3O8 ppm (ME_ICP61) | U3O8% |
WP269 | 204215 | 8063467 | 4870 | n/a |
WP267 | 204029 | 8063220 | 6650 | n/a |
WP263 | 204040 | 8063310 | 517 | n/a |
WP262 | 204094 | 8063487 | >10,000 | 1.49 |
The information in this announcement relating to Exploration Results is based on information compiled or reviewed by
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Laramide is focused on exploring and developing high-quality uranium assets in
The Westmoreland project in
In the United States, Laramide's assets include the NRC licensed
This press release contains forward-looking statements. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.
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