Laramide Outlines 2024 Australian Exploration Plans
Plans for 2024 include returning to the
Commenting on the 2024 work plans, Laramide's President and CEO,
"
Currently mineral resources are defined across three deposits: Redtree, Huarabagoo and Junnagunna. These zones follow the Redtree dyke zone (approximately 10 km) on a NW trend as discrete ore bodies. The 2016 PEA3 optimized pit designs and labelled them as South, Central and North Pits respectively. However, the mineralisation in the 2.5km corridor between the deposits, which is hosted in the coarse-grained to granular
Accordingly, the Company plans to test the linking zone (JG-HB, Link see Figure 1) by drilling northern extensions to the high-grade Huarabagoo4 northeast toward Junnagunna. The Company is encouraged by a zone of mineralisation existing halfway between the deposits as reported in 2013 drill program (WDD12-152 – 11m @0.13% U3O8)5 that remains open to the NE and SW.
Further resource growth is targeted through northern extensions to the 11Mlb U3O8 Junnagunna deposit. The northern extensions of the dyke are sparsely drill tested between Junnagunna and the Wanigarango uranium prospect 1.5km to the northeast (Figure 1).
Long Pocket is located 7km to the east of Junnagunna (Figure 1). In-house modelling of the Long Pocket deposit has highlighted zones where infill drilling will support a maiden mineral resource estimation. Accordingly, the Company has planned up to 1,000m drilling to ensure drill spacing is appropriate to show continuity of mineralisation. It is anticipated that the addition of Long Pocket, which is shallow and easily accessed, to the
Those results, combined with a review of historical data from the 1970s, promote
Amphitheatre
Located 16km NE of the Junnagunna deposit, exploration drilling at Amphitheatre will focus on building upon the 2022 and 2023 exploration results by testing interpreted northern extensions to mineralisation under cover. Potential for discovery where alluvial cover obscures the radiometric response is supported by historical drilling results approximately 300m north of the Amphitheatre prospect however validation drilling is required.
Mageera
The Mageera Prospect (formerly
In 2006-2007, reconnaissance drilling at Mageera returned encouraging results including, drillhole NEWM204 intercepting 4m @ 0.42% U3O88. This year, plans include up to 1,000m follow-up drilling.
Qualified/Competent Person
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
In
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.
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1 https://laramide.com/projects/westmoreland-uranium-project/ |
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20th |
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ASX: Laramide Announces positive results from the updated PEA on the |
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ASX: Laramide Confirms Uranium Expansion Potential, |
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TSX: Laramide Continues to |
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ASX: Laramide assays results from Long Pocket and |
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Press release, |
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