Laramide Announces the Appointment of Vice- President for Operations and Strategic Planning, U.S. and Provides Update on Drilling Activity in Australia
Laramide Announces the Appointment of Vice-
President for Operations and Strategic
Planning, U.S. and Provides Update on Drilling
Activity in Australia
TORONTO
,
July 18, 2024
/CNW/ -
Laramide Resources Ltd.
("Laramide" or the "Company")
(TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company
with globally significant assets in
the United States
and
Australia
, is pleased to announce the
appointment of Mr.
Josh Leftwich
as Vice-President for Operations and Strategic Planning,
U.S.A.
Mr. Leftwich's substantive professional expertise will be instrumental in advancing Laramide's U.S.
uranium assets through development and into production.
Mr.
Josh Leftwich's
career includes a role as Director of Radiation Safety and Licensing, reporting
directly to the President of Cameco. At Cameco, he was a key senior manager in charge of
operational compliance and oversight of three mine operations and seven development projects. He
was the key contact for all tribal relations which required development and administering of policy
processes, as well, he was the key regulatory contact for all state and federal communications
including the Nuclear Regulatory Commission (NRC).
His other relevant uranium mining company experience includes negotiating complex regulatory
issues at Uranium Energy Corp. (UEC); and, as a key component of the initial start-up team at
Mestena Uranium (now The Alta Mesa Project owned by enCore Energy and Boss Energy), he was
responsible for all permitting activities including demonstrating and communicating groundwater
restoration capabilities and establishing health, safety and environmental/radiation programs from
greenfield to production.
"We are very pleased to welcome Josh to Laramide Resources and back to the uranium industry
where he began his career," said
Marc Henderson
, CEO and President of Laramide Resources Ltd.
"Each of our U.S. projects are development stage with significant resources and can make a
meaningful contribution to future US domestic uranium production, which is now a bipartisan US
government objective. This political backdrop should provide a tailwind for our assets and Josh's
skills will enhance our progress towards achieving our aggressive development timeline."
Westmoreland Uranium Project Drilling Update
Drilling at the
Westmoreland
project is proceeding well with the first three of seven planned diamond
holes at the Amphitheatre prospect now completed. Initial core sampling of shallow mineralised
zones is underway, guided by downhole gamma probe and handheld scintillometer data. The first
samples are being prepared for delivery next week to ALS Laboratories.
The first five drillholes at Amphitheatre are targeting immediate extensions of the known
mineralisation and to understand any structural controls. The last two holes planned for this study at
Amphitheatre will be to step out and to test over
300m
to the north under alluvial cover to get a
sense of the potential scale of this project.
As part of the 2024 resource extension program, a second drill rig will arrive later this month to
commence drilling at Huarabagoo and Junnagunna to test whether the zones between these two
deposits can be linked. The combined program will comprise 10,000 to 12,000 meters over 100
drillholes and includes the satellite deposit at Long Pocket with an objective of expanding and
updating the Westmoreland Mineral Resource Estimation.
Qualified/Competent Person
The information in this announcement relating to Exploration Results is based on information
compiled or reviewed by Mr.
Rhys Davies
, a contractor to the Company. Mr. Davies is a Member of
The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the
style of mineralisation and type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the
'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and
is a Qualified Person under the guidelines of the National Instrument 43-101. Mr. Davies consents to
the inclusion in this announcement of the matters based on his information in the form and context in
which it appears.
Follow us on Twitter @LaramideRes
About Laramide Resources Ltd.:
Laramide is focused on exploring and developing high-quality uranium assets in
Australia
and the
western
United States
. The company's portfolio comprises predominantly advanced uranium projects
in districts with historical production or superior geological prospectivity. The assets have been
carefully chosen for their size, production potential, and the two large projects are considered to be
late-stage, low-technical risk projects.
The
Westmoreland
project in
Queensland, Australia
, is one of the largest uranium development
assets held by a junior mining company. This project has a PEA that describes an economically
robust, open-pit mining project with a mine life of 13 years. Additionally, the adjacent Murphy
Project in the Northern Territory of
Australia
is a greenfield asset that Laramide strategically
acquired to control the majority of the mineralized system along the
Westmoreland
trend.
In
the United States
, Laramide's assets include the NRC licensed Crownpoint-Churchrock Uranium
Project. An NI 43-101 PEA study completed in 2023 has described an in-situ recovery ("ISR")
production methodology. The Company also owns the La Jara Mesa project in the historic Grants
mining district of
New Mexico
and an underground project, called La Sal, in Lisbon Valley, Utah.
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
Laramide Resources Ltd.
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For further information:
To learn more about Laramide, please visit the Company's website at
www.laramide.com or contact: Marc Henderson, President and CEO, Toronto, Canada, +1 (416)
599 7363, Ann Baines, Director, Investor Relations, Toronto, Canada, +1 (647) 832-9904
CO: Laramide Resources Ltd.
CNW 10:10e 18-JUL-24