The 2023 exploration drilling program commenced at Amphitheatre uranium prospect and comprised nine holes for a total of 855.8m diamond drilling. Assay results from the first two holes at Amphitheatre, AM23DD001 & 002, have been received (Figure 2); highlights include:
AM23DD001
- Near surface 1m @ 660ppm U3O8 from 1m
- 3m @ 177 ppm U3O8 from 7m
- 5.5m @ 242 ppm U3O8 from 34.5m including 0.59m @ 1,249ppm (0.12%) U3O8 from 36.81m
- 3.32m @ 253 ppm U3O8 from 47.68m and;
- 2.5m @ 775 ppm U3O8 from 52.5m
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1 ASX: Laramide commences 2023 Australian exploration campaign; drilling underway at Westmoreland Uranium Project (19th July 2023) |
AM23DD002
- 18.41m @ 352 ppm U3O8 from 49.21m including 0.66m @ 2,452ppm (0.25%) U3O8 from 49.21m and 0.84m @1,910 ppm (0.19%) U3O8 from 69.06m
This season's exploration drilling campaign at Westmoreland has two objectives: resource infill and extension at the Huarabagoo and Long Pocket deposits, and exploration drilling of new targets at Amphitheatre and
To date, drilling has identified multiple, shallow, mineralized horizons all hosted within the PTW4 unit of the Westmoreland Sandstone. Results from the remaining seven holes drilled at Amphitheatre, which were completed in August, are pending. Interpretation of geology and mineralisation controls is ongoing and will be refined as more results are received.
Commenting on the exploration results, Laramide's President and CEO,
"Our drill program at Westmoreland is off to an excellent start, with the first of our exploration drillholes at Amphitheatre returning multiple zones of mineralisation; we look forward to updating investors as more assays are received. We believe the exploration potential at Westmoreland to be exceptional and underappreciated, likely because this is the first substantial exploration drilling campaign undertaken by Laramide since 2012."
The Amphitheatre uranium prospect is located 16km northeast of the Junnagunna uranium deposit and expresses as a strong 400m x 300m airborne radiometric anomaly. The area was subject to historical exploration in the late 1960s and early 1970s.
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[2] drilling has a relationship with mafic intrusive units, sharing similarities with other nearby uranium deposits, namely Redtree, Huarabagaoo and Junnagunna which host a combined 51.9Mlb U3O8 resource[3].
The information in this announcement relating to Exploration Results is based on information compiled or reviewed by
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2 ASX: Laramide Resources Ltd. Long Pocket and Amphitheatre Drilling Results Outline Growth Potential of Westmoreland Uranium Project, |
3 https://laramide.com/projects/westmoreland-uranium-project/ |
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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.
Table 1: Amphitheatre – Drill Collar details
HOLE ID | GDA94_Easting | GDA94_Northing | Dip | GridAzi | Depth (m) |
AM23DD001 | 209890 | 8074803 | -90 | 360 | 81.6 |
AM23DD002 | 209875 | 8074854 | -60 | 265 | 261.5 |
Table 2: Significant Results (>100ppm U3O8)
Hole ID | From | To | Interval | U308 ppm |
AM23DD001 | 1 | 2 | 1.00 | 660 |
AM23DD001 | 7 | 8 | 1.00 | 153 |
AM23DD001 | 9 | 10 | 1.00 | 330 |
AM23DD001 | 34.5 | 35.6 | 1.10 | 283 |
AM23DD001 | 35.6 | 36.55 | 0.95 | 248 |
AM23DD001 | 36.55 | 36.81 | 0.26 | 472 |
AM23DD001 | 36.81 | 37.4 | 0.59 | 1,297 |
AM23DD001 | 38.4 | 39.13 | 0.73 | 130 |
AM23DD001 | 39.13 | 40 | 0.87 | 106 |
AM23DD001 | 47.68 | 48.79 | 1.11 | 189 |
AM23DD001 | 48.79 | 50 | 1.21 | 365 |
AM23DD001 | 50 | 51 | 1.00 | 106 |
AM23DD001 | 52.5 | 53.58 | 1.08 | 318 |
AM23DD001 | 53.58 | 55 | 1.42 | 849 |
AM23DD002 | 40.41 | 41.67 | 1.26 | 118 |
AM23DD002 | 41.7 | 42.43 | 0.73 | 366 |
AM23DD002 | 49.21 | 49.87 | 0.66 | 2452 |
AM23DD002 | 49.87 | 50.5 | 0.63 | 837 |
AM23DD002 | 50.5 | 51.75 | 1.25 | 153 |
AM23DD002 | 51.75 | 53 | 1.25 | 224 |
AM23DD002 | 54.8 | 56 | 1.2 | 177 |
AM23DD002 | 57.06 | 58 | 0.94 | 118 |
AM23DD002 | 58 | 59 | 1 | 601 |
AM23DD002 | 59 | 60.04 | 1.04 | 212 |
AM23DD002 | 60.04 | 60.15 | 0.11 | 1450 |
AM23DD002 | 60.15 | 61.3 | 1.15 | 424 |
AM23DD002 | 61.3 | 62.5 | 1.2 | 283 |
AM23DD002 | 62.5 | 63.5 | 1 | 200 |
AM23DD002 | 65.06 | 65.9 | 0.84 | 1910 |
AM23DD002 | 65.9 | 66.66 | 0.76 | 142 |
AM23DD002 | 66.66 | 67.62 | 0.96 | 189 |
AM23DD002 | 89 | 90 | 1 | 236 |
AM23DD002 | 91.1 | 92.3 | 1.2 | 271 |
AM23DD002 | 138 | 139 | 1 | 142 |
AM23DD002 | 144.78 | 145.5 | 0.72 | 377 |
AM23DD002 | 145.5 | 146.13 | 0.63 | 307 |
AM23DD002 | 146.13 | 147 | 0.87 | 177 |
AM23DD002 | 147.88 | 149 | 1.12 | 153 |
SOURCE
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