Highlights:
- 2023 Drilling campaign completed 4,108 metres; 40 holes across Amphitheatre, Long Pocket,
Black Hills and Huarabagoo targets; - Assay results from Amphitheatre confirm that shallow uranium mineralisation continues to the south:
- (AM23DD004) 2.8m @ 392ppm U3O8 from 43m depth
- (AM23DD005) 2.55m @ 439ppm U3O8 from 8.45m depth including 0.6m @ 920ppm U3O8
- >65,535cps "Off-Scale" radioactivity discovered at surface during reconnaissance exploration at new prospect, named
U-Valley
Over 4,108m of diamond drilling, for 40 holes have been completed at four discrete targets: Amphitheatre, Long Pocket,
Commenting on the exploration results, Laramide's President and CEO,
"We are pleased with our 2023 drilling campaign at Westmoreland, which commenced in July and has recently wrapped up. Thus far we have received assay results from the first of the four prospects that were drilled (Amphitheatre) and we expect subsequent results to be received over the coming months in the order which the targets were drilled (Long Pocket,
"The reconnaissance exploration discovery of an "off-scale" mineralisation reading and the sighting of outcropping uranium at a prospective new drill target was an unexpected bonus and will be followed up in 2024."
Results from drill holes AM23DD003 to AM23DD007 (Table 1, Figs 2 & 3), completed in August, have now been received and show multiple zones of shallow mineralisation including:
- (AM23DD004) 2.8m @ 392ppm U3O8 from 43m depth
- (AM23DD005) 2.55m @ 439ppm U3O8 from 8.45m depth including 0.6m @ 920ppm U3O8
Importantly, AM23DD004 and AM23DD005 have highlighted mineralisation over 200m south of previously reported drill hole results[1] and are unconstrained to the east and south (Figure 1). Amphitheatre, which is located 16km to the NE of the
Recent field investigations have identified a zone of elevated radioactivity (>12,000cps[3]) approximately 400m northwest of Amphitheatre with outcropping secondary uranium mineralisation at surface (Figure 1). This increases the size potential of the Amphitheatre target and further groundwork is planned ahead of follow up drilling in 2024.
New Discovery: "Off-Scale" Radioactivity at
Recent reconnaissance exploration at the
Geological mapping and ground scintillometer surveys are currently underway to refine the target zones ahead of potential scout drilling in the 2024 field season.
Table 1: 2023 Amphitheatre – Drill Collar details
HOLE ID | GDA94_Easting | GDA94_Northing | Dip | Azimuth | Depth (m) |
AM23DD001 | 209890 | 8074803 | -90 | 355 | 81.6 |
AM23DD002 | 209875 | 8074858 | -60 | 85 | 150.5 |
AM23DD003 | 209810 | 8074849 | -70 | 265 | 140.1 |
AM23DD004 | 209952 | 8074656 | -60 | 265 | 102.4 |
AM23DD005 | 209967 | 8074653 | -60 | 85 | 102.4 |
AM23DD006 | 209754 | 8074712 | -55 | 265 | 51.5 |
AM23DD007 | 209735 | 8074830 | -60 | 265 | 102.6 |
The information in this announcement relating to Exploration Results is based on information compiled or reviewed by
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About
Laramide is focused on exploring and developing high-quality uranium assets in
The Westmoreland project in
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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1 | Market Release: Laramide intercepts broad-based uranium mineralization in initial holes from 2023 Australian exploration program ( |
2 | https://laramide.com/projects/westmoreland-uranium-project/ |
3 | CPS = counts per second |
4 | Reconnaissance exploration on regional targets described in the text commonly involve the use of handheld spectrometers. The Super Spec RS-125 unit is commonly used (globally) throughout the uranium industry. Super Spec RS-125 unit has a maximum cps limit of 65,565. "Off-scale" refers to reading that registers the highest reading for the spectrometer but not the actual reading. |
SOURCE
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