Westmoreland Update
- Exploration drilling at Amphitheatre prospect is underway;
- The program includes 10 holes and is planned to validate historical drilling and extend zones of mineralisation identified in 2021;
- Resource Definition Drilling at Long Pocket to follow which will build toward a Maiden Mineral Resource Estimation; and
- Resource Extension drilling at Huarabagoo ahead of a planned global resource update;
- Drilling at Huarabagoo will also target gold mineralisation observed in 2012.
Murphy Update
- Ground radiometric surveys underway;
- First systematic exploration of some uranium and base metal prospects in over 40 years, following up on targets identified by BHP in the 1970's;
- Laramide plans to investigate this large mineral system which has returned notable results from historic sampling and includes significant tin, tungsten, REE, vanadium as well as copper and gold.
Corporate
- Mineral Development License (MDL) application over the
Westmoreland deposits is progressing; - Two new exploration lease applications with strategic opportunities for uranium and critical minerals have been submitted in
Queensland , contiguous to the Westmoreland Project; - Engagement of Mr. Rhys Davies (MGeol, MSc, MAIG, RPGeo, FGS).
Laramide has kicked off the 2023 field season with exploration drilling commencing at Amphitheatre with the company planning to complete up to 4,000m of diamond drilling across the
Concurrently, ground based radiometric surveys are underway at multiple uranium prospects on the
Commenting on the proposed exploration, Laramide's President and CEO,
"After a late and significant wet season, it is great to see the field teams start work on what we think will be a large and consequential exploration effort across our large land package in
A successful hiring process brings experienced staff and contractors with the long-term view to build institutional knowledge of the project. We are pleased to have Rhys Davies back on board and leading this aggressive campaign. Rhys has previously worked for Laramide during the 2006-2009 Resource drilling campaign.
Resource definition drilling at Long Pocket will expand on the encouraging 2022 drilling results and support resource extension drilling at Huarabagoo as we seek to grow our global resource base at
We look forward to following up on the 2022 drilling ore grade intercepts at Amphitheatre, building an understanding of mineralisation controls and assessing the potential deposit scale.
Meanwhile a systematic sampling and geophysical program of work at the
The Amphitheatre uranium prospect is located 16km northeast of the Junnagunna uranium deposit and expresses as a strong 400m x 300m airborne radiometric anomaly. Visible secondary uranium minerals such as carnotite and torbernite are present at surface, hosted within the PTW4 unit of the Westmoreland Conglomerate. Mineralisation identified in 2022 drilling appears to have a relationship with the mafic intrusive, sharing similarities with other nearby uranium deposits, namely Redtree, Huarabagaoo and Junnagunna which host a combined 51.9Mlb U3O8 resource1.
The area was subject to historical exploration in the late 1960s and early 1970s which included percussion drilling and diamond holes with narrow intercepts of up to 0.838% U3O82 displaying visible uraninite and torbernite.
Significant results (>200ppm U3O8) from 2022 drilling included3:
- AMDD001 – 3m @ 507ppm U3O8 from 59m, including 1m @ 1072ppm (0.107%) U3O8
Up to 10 holes for a total 1,000m drilling have been designed to validate historical drilling and establish the architecture of the mafic intrusive unit to understand geological controls on mineralisation.
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1 https://laramide.com/projects/westmoreland-uranium-project/ |
2 Tahan 1971 (BHP) – |
3 LAM TSX Release |
Long Pocket is located 7km to the east of the Junnagunna Uranium deposit and 12km northeast of Redtree (Fig.1).
Encouraged by the 2022 exploration drilling results, Laramide will follow up in the 2023 field season with a more substantial resource definition drilling program at Long Pocket. First pass exploration drilling is also planned for the nearby
Significant drilling results (>200ppm U3O8) from 2022 included5:
- LP22DD001 – 2m @ 403ppm U3O8 from surface, and 2.7m @ 718ppm U3O8 from 39.3m
Importantly, the results extend the envelope of known sandstone-hosted uranium mineralisation to the northeast. Furthermore, it confirms the shallow and flat-lying nature of mineralisation.
Laramide has identified zones for potential extension to mineralisation at the Huarabagoo deposit which will be tested with up to 1,000m of resource extension drilling. Huarabagoo is located in the structural corridor between Redtree and Junnagunna (Fig.1) and is currently included in the
The 2023 drilling campaign is being conducted entirely as a single-shift diamond program providing a combination of NQ and HQ core. The program is expected to be fully complete by
Concurrent with
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4 QML – CR0003649 (1970) |
5 LAM TSX Release |
6 LAM TSX Release |
Mineral Development License Application
A Mineral Development License (MDL) application was submitted to the
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7 LAM TSX Release |
Two New Exploration Lease
In addition to the MDL application, Laramide has applied for two mineral exploration leases (Fig. 1) to the east and south of the
Appointment of
As part of Laramide's strategy to build its global and Australian project portfolio the company has appointed
With over 17 years' experience in Mineral Exploration and Project Management in the mineral resources industry,
The information in this announcement relating to Exploration Results is based on information compiled or reviewed by
About
Laramide is focused on exploring and developing high-quality uranium assets in
The
In
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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SOURCE
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