Highlights:
- 2023 drilling campaign included 13 holes for infill and extension at the Huarabagoo uranium deposit.
- High grade uranium intercepts include:
- HB23DD002 – 1.5m @ 1,448ppm (0.14%) U3O8 from 74.5m
- HB23DD004 – 19m @ 519ppm U3O8 from 47m
Including 2.00m @ 1,690ppm (0.17%) U3O8 from 53m - HB23DD005 – 6m @ 682ppm (0.07%) U3O8 from 50m
Including 1m @ 1,066ppm U3O8 (0.11%) from 50m
and 0.89m @ 1,798ppm (0.18%) U3O8 from 54.75m - HB23DD006 – 3m @ 1,236ppm (0.12%) U3O8 from 102m
Including 1m @ 2,305ppm (0.23%) U3O8 from 103m - HB23DD007 – 11m @ 747ppm (0.07%) U3O8 from 42m
Including 2m @ 1,389ppm (0.14%) U3O8 from 45m
and 1m @ 1,739ppm (0.17%) U3O8 from 49m
ALSO 5m @ 833ppm (0.08%) U3O8 from 71m
Including 1m @ 1,651ppm (0.17%) U3O8 from 73m
- HB23DD002 – 1.5m @ 1,448ppm (0.14%) U3O8 from 74.5m
ALSO – 7m @ 3,041ppm (0.30%) U3O8 from 80m
Including 5m @ 4,204ppm (0.42%) U3O8 from 81m
With 1m @ 10,353ppm (1.04%) U3O8 from 82m
- HB23DD008 – 6.00m @ 847ppm (0.08%) U3O8 from 43.00m
Including 1m @ 1,098ppm (0.11%) U3O8 from 44m
and 0.36m @ 6,851ppm (0.69%) U3O8 from 47.54m
- HB23DD008 – 6.00m @ 847ppm (0.08%) U3O8 from 43.00m
- HB23DD009 – 5m @ 2,478ppm (0.25%) U3O8 from 61m
- HB23DD010 – 8m @ 722ppm (0.07%) U3O8 from 65m
Including 1.45m @ 2,028 (0.20%) U3O8 from 71m
ALSO 11.9m @ 915ppm (0.09%) U3O8 from 75m
including 5m @ 1,621 (0.16%) U3O8 from 78m
- HB23DD009 – 5m @ 2,478ppm (0.25%) U3O8 from 61m
- Drillholes HB23DD002 to 007 also support extensions to over 250m strike of a gold zone identified in 2012, results include:
- HB23DD002 – 1m @ 0.90g/t Au from 15m
2m @ 3.10g/t Au from 56m
1.5m @ 0.31g/t Au from 74.5m - HB23DD004 – 8m @ 0.84 g/t Au from 47m
including 4m @1.17g/t Au from 51m
AND 9.55m @ 0.53g/t Au from 56.45m
Including 2.38m @ 1.13g/t Au from 63m - HB23DD005 – 8m @ 0.54 g/t Au from 58m
Including 1m @2.06g/t Au from 64m
- HB23DD002 – 1m @ 0.90g/t Au from 15m
Thirteen drill holes were successfully completed in
All 13 holes intercepted multiple zones of mineralisation (>100ppm U3O8) with some zones displaying grades exceeding 1.0% U3O8 (see Table 2). The uranium mineralisation is hosted in the Westmoreland sandstone unit adjacent to the intrusive mafic Redtree dyke system.
The high-grade mineralisation intercepted at Huarabagoo improves the confidence in the integrity of the deposit with tighter spacing of less than 50m in some places. Ultimately, once modelled, this may lead to an improved resource classification of the deposit which is currently described with 5.8Mlbs U3O8 @ 0.109 % (Inferred) and 2.7Mlbs U3O8 @ 0.083% (Indicated).2 Furthermore, some drilling tested 200m to the north-east of the currently modelled zones and showed continuity of mineralisation that requires further investigation.
Commenting on the exploration results, Laramide's President and CEO,
"We are pleased to continue to report more positive results from the drilling campaign at Westmoreland, which was completed in
"Resource growth is one of key goals of the 2024 field season and the technical team is in the final planning stages of a multi-rig drilling program.
"In addition to the strong uranium grades, the deposits also host zones of significant gold and vanadium mineralisation. Evidence of significant gold grades had been explored in the early 1980s, and while Laramide remains focused on the uranium opportunity, further studies will help us identify whether possible beneficiation of these minerals will enhance the economics of the project as we progress towards development."
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1 https://laramide.com/projects/westmoreland-uranium-project/ |
2 https://laramide.com/projects/westmoreland-uranium-project/ |
The Huarabagoo deposit is about 3km northeast from the Redtree uranium deposit along the Redtree dyke zone (Figure 1) and straddles the contact between the Seigal Volcanics and the Westmoreland Conglomerate. The mineralisation outcrops at the southern end and is concealed to the north under 2 to 3m of sandy alluvium and 5 to 8m of weathered basalt of the Seigal Volcanics. The deposit comprises a 3km zone of vertical mineralisation associated with a complex dyke geometry with vertical and horizontal branches between two principal dykes.
All 13 holes intercepted multiple zones of mineralisation (>100ppm U3O8) with some zones displaying grades exceeding 1.0% U3O8 (Table 2).
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. Zones of higher grade generally occur within moderate patchy chlorite altered sandstone, with highest grade displaying pervasive chlorite and hematite alteration.
The 2.5km corridor between Huarabagoo deposit and the Junnagunna deposit (Figure 3) is a compelling target for resource growth. The results from the northeast extensions provide further confidence in this target as it has historically been very sparsely drilled. Indeed, Laramide previously reported a 'new zone' of significant uranium mineralisation 900m to the northeast of Huarabagoo in 2012.3
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3 TSX: |
In 2012 Laramide intercepted significant gold mineralisation (4m @ 30.9g/t Au) in drillhole WDD12-1674. Drillholes HB23DD002 to 007 (Figure 2) were designed to not only test infill of uranium mineralisation, but also assess the continuity of the gold mineralisation. The results now support extensions to over 250m strike of the gold zone drilled in 2012. Further work and validation are required as no systematic assessment of gold mineralisation has been undertaken since the 1980s.
- Significant results from this year's drilling include:
- HB23DD002 – 1m @ 0.90g/t Au from 15m
2m @ 3.10g/t Au from 56m
1m @ 0.31g/t Au from 74.5m - HB23DD004 – 8m @ 0.84 g/t Au from 47m
including 4m @1.17g/t Au from 51m
AND 9.55m @ 0.53g/t Au from 56.45m
Including 2.38m @ 1.13g/t Au from 63m - HB23DD005 – 8m @ 0.54 g/t Au from 58m
Including 1m @2.06g/t Au from 64m
- HB23DD002 – 1m @ 0.90g/t Au from 15m
_______________________________ |
4 TSX: Laramide Continues to |
Table 1: 2023 Huarabagoo – Drill Collar details | ||||||
Hole ID | Prospect | GDA94_Easting | GDA94_Northing | Dip | Azimuth | Depth |
HB23DD001 | Huarabagoo | 194411 | 8063082 | -60 | 124 | 129.7 |
HB23DD002 | Huarabagoo | 194236 | 8062844 | -60 | 124 | 126.7 |
HB23DD003 | Huarabagoo | 194156 | 8062727 | -70 | 124 | 126.7 |
HB23DD004 | Huarabagoo | 194130 | 8062703 | -55 | 124 | 68.7 |
HB23DD005 | Huarabagoo | 194128 | 8062703 | -57 | 124 | 126.5 |
HB23DD006 | Huarabagoo | 194280 | 8062674 | -60 | 304 | 126.5 |
HB23DD007 | Huarabagoo | 194332 | 8062760 | -60 | 304 | 126.5 |
HB23DD008 | Huarabagoo | 194528 | 8063070 | -60 | 304 | 126.5 |
HB23DD009 | Huarabagoo | 194510 | 8063039 | -60 | 304 | 126.5 |
HB23DD010 | Huarabagoo | 194360 | 8063039 | -60 | 124 | 126.4 |
HB23DD011 | Huarabagoo | 194875 | 8063599 | -60 | 304 | 126.6 |
HB23DD012 | Huarabagoo | 194875 | 8063599 | -90 | 355 | 126.7 |
HB23DD013 | Huarabagoo | 194875 | 8063599 | -60 | 124 | 126.5 |
Table 2: Huarabagoo Significant uranium intercepts (>100ppm U3O8) | |||||
HOLE ID | From | To (m) | Interval Length (m) |
U3O8 ppm | |
HB23DD001 | 86.00 | 87.00 | 1.00 | 192.21 | |
HB23DD001 | 125.10 | 126.00 | 0.90 | 216.97 | |
HB23DD002 | 14.00 | 15.00 | 1.00 | 357.30 | |
HB23DD002 | 57.00 | 58.00 | 1.00 | 188.67 | |
HB23DD002 | 74.50 | 76.00 | 1.50 | 1447.67 | |
HB23DD002 | including | 75.00 | 76.00 | 1.00 | 2034.12 |
HB23DD002 | 78.00 | 80.00 | 2.00 | 692.84 | |
HB23DD002 | 83.00 | 85.00 | 2.00 | 169.51 | |
HB23DD002 | 89.00 | 91.00 | 2.00 | 186.02 | |
HB23DD002 | 93.10 | 94.00 | 0.90 | 491.73 | |
HB23DD003 | 1.00 | 2.00 | 1.00 | 398.57 | |
HB23DD003 | 63.00 | 64.00 | 1.00 | 258.25 | |
HB23DD003 | 68.00 | 69.00 | 1.00 | 180.42 | |
HB23DD003 | 100.00 | 101.00 | 1.00 | 457.53 | |
HB23DD004 | 0.00 | 4.00 | 4.00 | 310.28 | |
HB23DD004 | 47.00 | 66.00 | 19.00 | 519.44 | |
HB23DD004 | including | 53.00 | 55.00 | 2.00 | 1690.44 |
HB23DD005 | 0.00 | 4.00 | 4.00 | 420.44 | |
HB23DD005 | 45.00 | 48.00 | 3.00 | 205.46 | |
HB23DD005 | 50.00 | 56.00 | 6.00 | 682.10 | |
HB23DD005 | including | 50.00 | 51.00 | 1.00 | 1066.00 |
HB23DD005 | including | 54.75 | 55.64 | 0.89 | 1798.28 |
HB23DD005 | 58.00 | 67.05 | 9.05 | 277.65 | |
HB23DD005 | 93.00 | 97.00 | 4.00 | 203.56 | |
HB23DD006 | 99.00 | 100.00 | 1.00 | 135.02 | |
HB23DD006 | 102.00 | 105.00 | 3.00 | 1236.20 | |
HB23DD006 | including | 103.00 | 104.00 | 1.00 | 2305.34 |
HB23DD007 | 42.00 | 53.00 | 11.00 | 746.97 | |
HB23DD007 | including | 45.00 | 47.00 | 2.00 | 1388.51 |
HB23DD007 | including | 49.00 | 50.00 | 1.00 | 1739.32 |
HB23DD007 | 66.00 | 69.00 | 3.00 | 173.74 | |
HB23DD007 | 71.00 | 76.00 | 5.00 | 832.99 | |
HB23DD007 | including | 73.00 | 74.00 | 1.00 | 1650.88 |
HB23DD007 | 80.00 | 87.00 | 7.00 | 3041.24 | |
HB23DD007 | including | 81.00 | 86.00 | 5.00 | 4203.61 |
HB23DD007 | including | 82.00 | 83.00 | 1.00 | 10353.38 |
HB23DD008 | 43.00 | 49.00 | 6.00 | 846.86 | |
HB23DD008 | including | 44.00 | 45.00 | 1.00 | 1097.84 |
HB23DD008 | including | 47.54 | 47.90 | 0.36 | 6851.15 |
HB23DD008 | 56.00 | 57.00 | 1.00 | 313.67 | |
HB23DD008 | 61.00 | 61.67 | 0.67 | 189.85 | |
HB23DD008 | 72.00 | 72.94 | 0.94 | 113.09 | |
HB23DD009 | 61.00 | 66.00 | 5.00 | 2477.74 | |
HB23DD009 | including | 62.00 | 66.00 | 4.00 | 2921.47 |
HB23DD009 | 69.80 | 71.00 | 1.20 | 465.78 | |
HB23DD009 | 74.00 | 77.00 | 3.00 | 993.52 | |
HB23DD009 | including | 74.00 | 75.00 | 1.00 | 2771.12 |
HB23DD010 | 65.00 | 73.00 | 8.00 | 721.82 | |
HB23DD010 | including | 71.00 | 72.45 | 1.45 | 2027.61 |
HB23DD010 | 75.00 | 86.90 | 11.90 | 914.75 | |
HB23DD010 | including | 78.00 | 83.00 | 5.00 | 1621.40 |
HB23DD010 | 91.00 | 92.00 | 1.00 | 577.81 | |
HB23DD011 | 112.00 | 113.00 | 1.00 | 136.79 | |
HB23DD012 | 72.00 | 76.07 | 4.07 | 358.24 | |
HB23DD012 | 84.00 | 85.00 | 1.00 | 285.37 | |
HB23DD012 | 87.00 | 88.00 | 1.00 | 119.69 | |
HB23DD012 | 90.00 | 92.00 | 2.00 | 142.09 | |
HB23DD013 | 17.00 | 18.00 | 1.00 | 404.47 | |
HB23DD013 | 83.00 | 88.00 | 5.00 | 140.21 |
Table 3: Huarabagoo Significant gold intercepts (>0.1g/t Au) | |||||
HOLE ID | From | To (m) | Interval Length (m) |
Au g/t | |
HB23DD001 | 19.00 | 20.00 | 1.00 | 0.18 | |
HB23DD002 | 15.00 | 17.00 | 2.00 | 0.67 | |
HB23DD002 | including | 15.00 | 16.00 | 1.00 | 0.90 |
HB23DD002 | 56.00 | 58.00 | 2.00 | 3.11 | |
HB23DD002 | 74.50 | 76.00 | 1.50 | 0.31 | |
HB23DD002 | 78.00 | 80.00 | 2.00 | 0.21 | |
HB23DD003 | 1.00 | 3.40 | 2.40 | 0.20 | |
HB23DD003 | 44.00 | 48.00 | 4.00 | 0.14 | |
HB23DD003 | 101.00 | 102.00 | 1.00 | 0.15 | |
HB23DD004 | 47.00 | 55.00 | 8.00 | 0.84 | |
HB23DD004 | including | 48.00 | 49.00 | 1.00 | 1.69 |
HB23DD004 | including | 51.00 | 55.00 | 4.00 | 1.17 |
HB23DD004 | 56.45 | 66.00 | 9.55 | 0.53 | |
HB23DD004 | including | 56.45 | 57.00 | 0.55 | 1.59 |
HB23DD004 | including | 60.00 | 61.00 | 1.00 | 0.53 |
HB23DD004 | including | 63.00 | 65.38 | 2.38 | 1.13 |
HB23DD005 | 46.00 | 55.64 | 9.64 | 0.74 | |
HB23DD005 | including | 47.00 | 48.00 | 1.00 | 1.37 |
HB23DD005 | including | 50.00 | 52.00 | 2.00 | 2.28 |
HB23DD005 | including | 54.75 | 55.64 | 0.89 | 0.76 |
HB23DD005 | 58.00 | 66.00 | 8.00 | 0.54 | |
HB23DD005 | including | 58.00 | 59.00 | 1.00 | 1.36 |
HB23DD005 | including | 64.00 | 65.00 | 1.00 | 2.06 |
HB23DD007 | 47.00 | 52.00 | 5.00 | 0.15 | |
HB23DD008 | 44.00 | 45.00 | 1.00 | 0.24 | |
HB23DD008 | 47.00 | 47.54 | 0.54 | 0.10 | |
HB23DD008 | 72.94 | 74.00 | 1.06 | 0.39 | |
HB23DD009 | 64.00 | 65.00 | 1.00 | 0.26 | |
HB23DD010 | 65.00 | 67.00 | 2.00 | 0.58 | |
HB23DD010 | including | 66.00 | 67.00 | 1.00 | 0.97 |
The information in this announcement relating to Exploration Results is based on information compiled or reviewed by
To learn more about Laramide, please visit the Company's website at www.laramide.com
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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.
SOURCE
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