Laramide Assay Results from Long Pocket and Black Hills Prospects Support Expansion Potential at Westmoreland
Highlights:
- 2023 Drilling campaign included 15 holes at Long Pocket and 3 holes at
Black Hills uranium prospects. - All
Black Hills exploration drill holes return significant mineralisation:
-
- BH23DD001 – 3.0m @ 259ppm U3O8 from 29m depth
- BH23DD001 – 6.05m @ 218ppm U3O8 from 120.12m depth
-
-
- Including 0.98m@ 505ppm U3O8 from 120.12m
-
-
- BH23DD002 – 2.0m @ 591 ppm (0.06%) U3O8 from 209m
-
-
- Including 0.9m @ 1154ppm U3O8 from 210.1m
-
-
- BH23DD003 – 3.0m @ 1844ppm (0.18%) U3O8 from 88m
-
-
- Including 2.00m @ 2671ppm (0.27%) U3O8 from 89m
-
- Assay results from Long Pocket confirm that shallow uranium mineralisation continues to the north-east:
-
- LP23DD002 - 1.0m @ 545ppm U3O8 from 42.0m
- LP23DD006 – 0.68m @ 980ppm U3O8 from 81.0m
- LP23DD008 – 0.73m @ 149ppm U3O8 from 4.93m
- LP23DD011 – 0.96m @ 109ppm U3O8 from 21.54m
- LP23DD015 – 1.02m @ 692ppm U3O8 from 51.9m
- Rock chips from
U-Valley prospect return up to 1.49% U3O8 - Long Pocket maiden resource modelling planned for 2024
Over 4,000m of diamond drilling, for 40 holes were completed at four discrete targets during 2023: Amphitheatre, Long Pocket,
Commenting on the exploration results, Laramide's President and CEO
"The consistency of today's results supports our plans to begin modelling a maiden resource at the Long Pocket area in 2024. This 'Long Pocket area' includes
Three scout holes were drilled in 2023, each intercepting multiple zones of mineralisation with results including:
- BH23DD001 - 3.0m @ 259ppm U3O8 from 29m depth
- BH23DD001 - 0.98m@ 505ppm U3O8 from 120.12m
- BH23DD002 - 2.0m @ 591 ppm (0.06%) U3O8 from 209m
-
- Including 0.9m @ 1154ppm (0.12%) U3O8 from 210.1m
- BH23DD003 - 3.0m @ 1844ppm (0.18%) U3O8 from 88m
-
- Including 2.00m @ 2671ppm (0.27%) U3O8 from 89m
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.
These results, combined with a review of historical data from the 1970's, promote
At Long Pocket 15 exploration drillholes were completed to test mineralisation extensions to the north and north-east.
Importantly, results from drill holes LP23DD-002, -008 and -011 present immediate step outs of over 100m from known shallow, flat-lying mineralisation, whilst LP23DD-006 and -015 suggests a potential mineralised corridor to the
- LP23DD002 – 1.0m @ 545ppm U3O8 from 42.0m
- LP23DD006 – 0.68m @ 980ppm U3O8 from 81.0m
- LP23DD008 – 0.73m @ 149ppm U3O8 from 4.93m
- LP23DD011 – 0.96m @ 109ppm U3O8 from 21.54m
- LP23DD015 – 1.02m @ 692ppm U3O8 from 51.9m
Table 1: 2023 Long Pocket and |
||||||
HOLE ID |
Prospect |
GDA94_Easting |
GDA94_Northing |
Dip |
Azimuth |
Depth (m) |
BH23DD001 |
|
205691 |
8066136 |
-50 |
205 |
186.3 |
BH23DD002 |
|
205407 |
8066209 |
-50 |
175 |
219.5 |
BH23DD003 |
|
205277 |
8066067 |
-50 |
355 |
240.6 |
LP23DD001 |
Long Pocket |
204809 |
8065402 |
-80 |
355 |
51.7 |
LP23DD002 |
Long Pocket |
204857 |
8065314 |
-80 |
355 |
51.7 |
LP23DD003 |
Long Pocket |
205008 |
8065406 |
-80 |
355 |
54.8 |
LP23DD004 |
Long Pocket |
205168 |
8065504 |
-80 |
355 |
69.8 |
LP23DD005 |
Long Pocket |
204907 |
8065501 |
-80 |
355 |
57.7 |
LP23DD006 |
Long Pocket |
205009 |
8065611 |
-80 |
355 |
96.7 |
LP23DD007 |
Long Pocket |
204693 |
8065366 |
-80 |
355 |
42.7 |
LP23DD008 |
Long Pocket |
204551 |
8065400 |
-80 |
355 |
45.9 |
LP23DD009 |
Long Pocket |
204452 |
8065406 |
-80 |
355 |
45.8 |
LP23DD010 |
Long Pocket |
204336 |
8065394 |
-80 |
355 |
42.7 |
LP23DD011 |
Long Pocket |
204110 |
8065377 |
-80 |
355 |
42.7 |
LP23DD012 |
Long Pocket |
205337 |
8065619 |
-80 |
355 |
132.7 |
LP23DD013 |
Long Pocket |
205510 |
8065853 |
-80 |
355 |
78.9 |
LP23DD014 |
Long Pocket |
205562 |
8065742 |
-80 |
355 |
51.7 |
LP23DD015 |
Long Pocket |
205733 |
8065979 |
-50 |
25 |
150.5 |
Table 2: Black Hill and Long Pocket Significant intercepts (>100ppm U3O8) |
|||||
HOLE ID |
Prospect |
From |
To (m) |
Interval |
U3O8 (ppm) |
BH23DD001 |
|
29.00 |
32.0 |
3.00 |
259 |
|
|
120.12 |
121.10 |
0.98 |
505 |
|
|
122.20 |
126.17 |
3.97 |
214 |
BH23DD002 |
|
51.60 |
52.65 |
1.05 |
158 |
|
|
179.00 |
181.00 |
2.00 |
135 |
|
|
183.00 |
183.80 |
0.80 |
149 |
|
|
184.93 |
185.73 |
0.80 |
262 |
|
|
209.00 |
211.00 |
2.00 |
591 |
|
including |
209.00 |
209.90 |
0.90 |
1154 |
BH23DD003 |
|
20.90 |
22.00 |
1.10 |
222 |
|
|
73.00 |
74.00 |
1.00 |
133 |
|
|
83.18 |
86.00 |
2.82 |
246 |
|
|
88.00 |
91.00 |
3.00 |
1844 |
|
including |
89.00 |
91.00 |
2.00 |
2671 |
LP23DD001 |
Long Pocket |
No significant intercepts |
|||
LP23DD002 |
Long Pocket |
42.00 |
43.00 |
1.00 |
535 |
LP23DD003 |
Long Pocket |
No significant intercepts |
|||
LP23DD004 |
Long Pocket |
No significant intercepts |
|||
LP23DD005 |
Long Pocket |
No significant intercepts |
|||
LP23DD006 |
Long Pocket |
81.00 |
81.68 |
0.68 |
980 |
|
|
86.50 |
87.22 |
0.72 |
249 |
LP23DD007 |
Long Pocket |
No significant intercepts |
|||
LP23DD008 |
Long Pocket |
4.93 |
5.66 |
0.73 |
149 |
LP23DD009 |
Long Pocket |
No significant intercepts |
|||
LP23DD010 |
Long Pocket |
No significant intercepts |
|||
LP23DD011 |
Long Pocket |
21.54 |
22.50 |
0.96 |
109 |
LP23DD012 |
Long Pocket |
No significant intercepts |
|||
LP23DD013 |
Long Pocket |
No significant intercepts |
|||
LP23DD014 |
Long Pocket |
No significant intercepts |
|||
LP23DD015 |
Long Pocket |
51.90 |
52.92 |
1.02 |
692 |
Further to previously reported "off-scale" radiometric anomalism at the
________________________________ |
1 Press release, |
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Table 3 – U-Valley |
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Sample ID |
Easting |
Northing |
U3O8 ppm (ME_ICP61) |
U3O8
% |
WP269 |
204215 |
8063467 |
4870 |
n/a |
WP267 |
204029 |
8063220 |
6650 |
n/a |
WP263 |
204040 |
8063310 |
517 |
n/a |
WP262 |
204094 |
8063487 |
>10,000 |
1.49 |
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 Westmoreland project in
In the United States, Laramide's assets include the NRC licensed
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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