Laramide Resources Announces Positive Results from the Updated PEA on theWestmoreland Uranium Project, Australia
FOR IMMEDIATE RELEASE
April 21, 2016 Listed (TSX:LAM; ASX:LAM)
ARBN 154 146 755
Laramide Resources Announces Positive Results from the Updated PEA on theWestmoreland Uranium Project, Australia
Toronto, Canada – Laramide Resources Ltd. (“Laramide” or the “Company”) (LAM: TSX/ ASX) is pleased to announce results from the Company’s updated Preliminary Economic Assessment (“PEA”) for the Westmoreland Uranium Project, located in the North West Queensland Mineral Province, Australia. The independent study was completed by Lycopodium Minerals Pty Ltd. A copy of the PEA has been filed and available for viewing and download at www.sedar.com and the Company’s website www.laramide.com.
Key Highlights of the PEA (at US$65/lb U3O8 life of mine price)
- Initial capital expenditures (“CAPEX”) of US$268M plus US$49M contingency are estimated to construct the mine and a 2M tonne per annum (tpa) mill with a nameplate capacity of 4Mlb U3O8 per annum;
- Total sustaining capital of US$58M over the Life of Mine (“LOM”);
- Cash operating cost to average US$21.00/lb U3O8 for the first five years of operation and US$23.20/lb U3O8 LOM;
- Net Present Value (“NPV”) at a 10% discount rate of US$598M pre-tax and US$400M post tax.
- Internal Rate of Return (“IRR”) of 45.4% pre-tax and 35.8% post tax with a capital payback estimated at 2.5 years post-tax.
- Low 2.3:1 strip ratio for the first 5 years of operation and 4:1 LOM. Simple, open cut mining operation.
- Mine scheduling allows best practice in-pit tailings storage to be employed without the requirement for a temporary tailings storage facility;
- Opportunities have been identified to further reduce operating cost through reagent recycling. Further testwork is required to confirm this assumption before incorporating it into the process model.
Marc Henderson, President and Chief Executive Officer, commented, “The PEA on Westmoreland demonstrates the Project to be one of the best in Australia with attractive economics. The PEA and the Churchrock acquisition reiterates Laramide’s strategy of growing a portfolio of lower technical risk, low-cost uranium projects in stable political environments.”
Chief Operating Officer, Bryn Jones, said, “Westmoreland has always been a beacon in the Australian uranium project pipeline for me and this PEA has highlighted the low technical risk and robust nature of the project. The PEA has highlighted multiple opportunities to further improve the Project through process optimization and additional resource drilling which I look forward to investigating as the Project moves towards a Pre-Feasibility Study.”
PEA Study Details
The PEA contemplates a conventional open pit mining operation with a processing facility operating over a 13 year life at a throughput of 5,500 tonnes per day (“tpd”). The planned processing route consists of milling followed by conventional agitated tank leach with sulphuric acid with Continuous Ion Exchange (“CIX”) employed for uranium recovery from the leach solution as represented in the Simplified Overall Treatment Flowsheet below.
| Key Production and Financial Parameters | ||
|---|---|---|
| Mine life | 13 years | |
| Average annual throughput | 2 million tonnes | |
| Processing methodology | Tank Leach – CIX | |
| Overall process recovery | 95% | |
| Open pit strip ratio (LOM) | 4.0:1 | |
| Average diluted feed grade | 840 ppm U O 3 8 | |
| Average annual production | 3.52 million lbs U O 3 8 | |
| Total uranium recovered (LOM) | 45.8 million lbs U O 3 8 | |
| Financial Parameters | ||
| Uranium price | US$65 / lb U O 3 8 | |
| USD:AUD exchange rate | 0.70 | |
| Average operating cost | US$23.30 / lb U O 3 8 | |
| Initial CAPEX (including contingency) | US$316 million | |
| Sustaining CAPEX (LOM) | US$58 million | |
| Corporate tax rate | 30% | |
| Royalties | ||
| Qld State Government | 5% | |
| IRC | 1% (capped at $10m indexed) | |
| Inflation | Not included | |
| Pre-tax | Post-tax | |
| NPV (10% discount Rate) | US$598 M | US$400 M |
| IRR | 45.4% | 35.8% |
| Payback period | 2.5 years |
The previous PEA from 2007 was based largely on information acquired from Rio Tinto following the Westmoreland asset purchase. Since this time Laramide has completed several drilling campaigns, re-estimated the resource and has an improved knowledge of the metallurgical conditions required for cost effective uranium extraction on the Project. The PEA reflects current inputs including currencies, commodity price forecasts, fuel costs and other input costs.
The key differences between the 2007 PEA and the 2016 revised PEA are, as follows:
| Parameter | 2007 PEA | 2016 PEA |
| Resource Size | 48.5 Mlb | 51.9 Mlb |
| Mill Design Tonnage | 1.5 Mtpa | 2 Mtpa |
| Overall Uranium Recovery | 90.6% | 95% |
| Namplate Prodution Capacity | 3 Mlb/a | 4 Mlb/a |
| Mine Life | 12 years | 13 years |
| Uranium Capture Technology | Solvent Extraction | Continuous Ion Exchange |
| Tailings Storage Technology | Traditional Tailings Dam | In-pit, dry stacked |
The Project is located in the North West Queensland Mineral Province, an area impacted by the closure of the Century Zinc mine. The total direct employment generated by the Project will be in the order of 220 to 250 for the 13 year mine life.
Mineral Resource Estimates
The May 2009 Mineral Resource estimate for Westmoreland has been reviewed to ensure compliance with JORC 2012 and is restated as the 2016 Mineral Resource. The mineral resource estimate has been classified under the Canadian Institute of Mining, Metallurgy and Petroleum’s (CIM) code of mineral classification and complies with National Instrument NI 43-101. The 2016 mineral resource estimate for Westmoreland is outlined in the following tables (refer to notes and other details in Section 14 of the NI43-101 report).
Westmoreland Mineral Resource Estimates - Indicated Category,2016
| Resource Category | Deposit | Tonnes | Grade % (U O ) 3 8 | M lbs U O 3 8 |
| Indicated cut-off 0.02% U O 3 8 | Redtree (Garee) Huarabagoo Junnagunna Subtotal | 12,858,750 1,462,000 4,364,750 18,685,500 | 0.09 0.08 0.08 0.09 | 25.5 2.7 7.8 36.0 |
| Note: reported tonnage and grade figures have been rounded off from raw estimates to the appropriate number of significant figures to reflect the order of accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. |
Westmoreland Mineral Resource Estimates - Inferred Category,2016
| Resource Category | Deposit | Tonnes | Grade % (U O ) 3 8 | M lbs U O 3 8 |
| Inferred cut-off 0.02% U O 3 8 | Redtree (Garee) Huarabagoo Junnagunna Subtotal | 4,466,750 2,406,000 2,149,500 9,022,250 | 0.07 0.11 0.08 0.08 | 6.6 5.8 3.6 15.9 |
| Note: reported tonnage and grade figures have been rounded off from raw estimates to the appropriate number of significant figures to reflect the order of accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. |
The LOM production targets are based on approximately 70% indicated resources and 30% inferred resources. The inferred resources are predominantly scheduled in the latter stages of the mine life and have had mining factors applied. No reserves for this project have been stated at this time.
Simplified Overall Treatment Flowsheet
PEA Cautionary Statement
The preliminary economic assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101. The information has been reviewed and approved by Bryn Jones, MMinEng, FAusIMM a Qualified Person under the definition established by National Instrument 43 101 and JORC. Mr. Jones is the Chief Operating Officer of the Company and a Fellow of the Australasian Institute of Mining and Metallurgy.
The estimated mineral resources underpinning the production target are prepared by competent person in accordance with the requirements in Appendix 5A (JORC Code 2012). The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Andrew Vigar, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Vigar is a full time employee of Mining Associates Limited and is a consultant to Laramide Resources Ltd. Mr. Vigar has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Vigar consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
To learn more about Laramide, please visit the Company’s website at www.laramide.com.
For further information contact:
Marc Henderson, President and Chief Executive Officer Toronto, Canada +1 (416) 599 7363
Bryn Jones, Chief Operating Officer Brisbane, Australia, P: (07) 3831 3407
Greg Ferron, Vice-President, Investor Relations Toronto, Canada +1 (416) 599 7363
About Laramide
Laramide is engaged in the exploration and development of high-quality uranium assets. Its wholly owned uranium assets are in Australia and the United States. Laramide’s portfolio of advanced uranium projects have been chosen for their production potential. Its flagship project, Westmoreland, in Queensland, Australia, is one of the largest projects currently held by a junior mining company. Its U.S. assets include La Jara Mesa in Grants, New Mexico, and La Sal in the Lisbon Valley district of Utah. Its portfolio also includes joint venture, strategic equity positions and royalty participation in uranium development and exploration companies that provide additional geographic diversification and uranium exposure for shareholders.
Forward-looking Statements and Cautionary Language
This News Release contains forward looking statements which are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.
| Criteria | JORC Code explanation | Commentary | |
| Sampling Nature and quality of sampling (eg cut channels, random Laramide drilling data is collected from diamond drilling. Handheld techniques chips, or specific specialised industry standard measurement scintillometers are used during Laramide drilling to aid determining tools appropriate to the minerals under investigation, such as the location of the uranium mineralisation in the core. Following down hole gamma sondes, or handheld XRF instruments, completion of a drill hole, a gamma probe is lowered through the etc). These examples should not be taken as limiting the casing of the drill hole to log downhole gamma radiation. In broad meaning of sampling. accordance with geological logging, scintillometer and gamma probe Include reference to measures taken to ensure sample data, intervals of mineralisation are marked for sampling with a buffer representivity and the appropriate calibration of any either side of mineralisation. Generally, half NQ and quarter HQ drill measurement tools or systems used. core at metre intervals are sampled, together with QAQC samples, Aspects of the determination of mineralisation that are and assayed at ALS laboratories. The Mineral resource calculation is Material to the Public Report. based upon the uranium assay results. In cases where ‘industry standard’ work has been done this Historical data was collected from a combination of open-hole would be relatively simple (eg ‘reverse circulation drilling was percussion, RC and diamond core drilling (1969-1995). During the used to obtain 1 m samples from which 3 kg was pulverised to period of previous owners the drilling and sampling collection is produce a 30 g charge for fire assay’). In other cases more assumed to have been undertaken to industry standards. In 2007 & explanation may be required, such as where there is coarse 2008, Laramide drilled a number of holes to assess the accuracy and gold that has inherent sampling problems. Unusual validity of historical drilling. A number of holes were drilled adjacent to commodities or mineralisation types (eg submarine nodules) historic holes to validate past intersections. Comparisons of grade may warrant disclosure of detailed information. were considered acceptable, showing equivalent grades over mineralised intervals. Variations were considered within range taking into account dip and strike of the ore body, short range grade variations and nugget effects. | |||
| Drilling Drill type (eg core, reverse circulation, open-hole hammer, Drilling undertaken by Laramide has been diamond core with a techniques rotary air blast, auger, Bangka, sonic, etc) and details (eg core combination of HQ and NQ core size collected. diameter, triple or standard tube, depth of diamond tails, face- Previous drilling has utilised a combination of open-hole percussion, sampling bit or other type, whether core is oriented and if so, RC and diamond methodologies. by what method, etc). | |||
| Drill sample Method of recording and assessing core and chip sample Laramide drill core was transported to a designated core facility for recovery recoveries and results assessed. logging and processing at Laramide’s Camp Caroline. The drill core Measures taken to maximise sample recovery and ensure was marked with 1 metre downhole intervals for geotechnical and representative nature of the samples. geological logging and sampling. Whether a relationship exists between sample recovery and Rock quality data indicated the core was competent and drill core |
| Criteria | JORC Code explanation | Commentary | |
| grade and whether sample bias may have occurred due to recovery is excellent (average 97%). Areas of poorer recovery can be preferential loss/gain of fine/coarse material. identified as near surface unconsolidated sediments (up to 20 metres thick in places) or zones of poorer recovery below surface are generally associated with the dolerite dyke contact. There appears to be no relationship between sample recovery and grade. | |||
| Logging Whether core and chip samples have been geologically and All core from Laramide drilling has been geotechnically and geotechnically logged to a level of detail to support geologically logged, and all drill core has been photographed. Some appropriate Mineral Resource estimation, mining studies and samples have been sent for petrological and metallurgical testing. metallurgical studies. Logging is qualitative. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. | |||
| Sub-sampling If core, whether cut or sawn and whether quarter, half or all The following applies to Laramide’s drilling programmes. techniques core taken. A combination of geological logging, scintillometer and gamma probe and sample If non-core, whether riffled, tube sampled, rotary split, etc and data is used to select intervals of mineralised drill core to be cut for preparation whether sampled wet or dry. sampling and assay. A core saw is used to cut drill core, with NQ core For all sample types, the nature, quality and appropriateness cut into halves and HQ core cut into quarters. The drill core is of the sample preparation technique. sampled at metre intervals with a buffer either side of mineralisation. Quality control procedures adopted for all sub-sampling Quality control procedures during sampling include the addition of stages to maximise representivity of samples. blank, duplicate and standard samples. Measures taken to ensure that the sampling is representative Samples are delivered to ALS laboratories for assay with chain of of the in situ material collected, including for instance results custody documentation. for field duplicate/second-half sampling. The samples are crushed in a Rocklabs crusher and split to 1 kg for Whether sample sizes are appropriate to the grain size of the pulverising. The 1 kg aliquot is pulverised in a Labtech LM2 ring material being sampled. grinder to 95 % passing 75 microns. A silicon wash is applied after every high-grade sample as determined by the laboratory’s hand-held scintillometer; less often for low grade samples. The 1 kg pulp is then riffle split and a 30 g sub-sample taken and placed in a Kraft cardboard seed packet. A small sub-sample from each 30 g Kraft envelope is then extracted, weighed and digested, using either aqua regia (partial digestion) or four-acid digestion if total dissolution is required. All samples are also analysed by pressed pellet XRF. Sample sizes are considered appropriate for the type of material being sampled. Sample collection exceeds industry standards. |
| Criteria | JORC Code explanation | Commentary | |
| Quality of The nature, quality and appropriateness of the assaying and Geochemical analysis of representative samples are generally assay data laboratory procedures used and whether the technique is undertaken by ALS Laboratories, generally using 33 element four and considered partial or total. acid ICP-AES ME-ICP61 methodology, together with trace level laboratory For geophysical tools, spectrometers, handheld XRF ME-XRF05. In order to report the widest possible concentration tests instruments, etc, the parameters used in determining the range, both ICP-MS and ICP-AES are used – this gives a detection analysis including instrument make and model, reading times, range for uranium, for example, from 0.1 to 10,000 ppm. calibrations factors applied and their derivation, etc. Laboratory quality controls include: silicon wash after milling high Nature of quality control procedures adopted (eg standards, grade samples and scanning of mill for residue; use of sample weight blanks, duplicates, external laboratory checks) and whether as additional check on sample number; analysis by two methods acceptable levels of accuracy (ie lack of bias) and precision (ICP/MS or AES depending on grade versus XRF); insertion of 2 have been established. standards and 2 duplicates every 36 samples. | |||
| Verification of The verification of significant intersections by either Internal review of results is undertaken by company personnel. sampling and independent or alternative company personnel. In July 2015, Andrew Vigar of Mining Associates Pty Ltd visited the assaying The use of twinned holes. Westmoreland Deposit and independently checked and verified a Documentation of primary data, data entry procedures, data number of Laramide drill holes against their assays results. verification, data storage (physical and electronic) protocols. In 2007 & 2008, Laramide drilled a number of holes to assess the Discuss any adjustment to assay data. accuracy and validity of historical drilling. A number of holes were drilled adjacent to historic holes to validate past intersections. Comparisons of grade were considered acceptable, showing equivalent grades over mineralised intervals. Variations were considered within range taking into account dip and strike of the ore body, short range grade variations and nugget effects. All field and laboratory data is entered into a comprehensive database by company geologists. Validation of the entered data is undertaken prior to final acceptance and reporting of the data. Laboratory assay data is imported into the database without adjustment or modification. | |||
| Location of Accuracy and quality of surveys used to locate drill holes Prior to drilling, Laramide generally locate drill holes using GPS with data points (collar and down-hole surveys), trenches, mine workings and accuracies of between 1-4 metres. Following drilling, the drill hole other locations used in Mineral Resource estimation. locations are generally surveyed using a differential GPS with Specification of the grid system used. accuracies down to a few centimetres and include elevation (RL). Quality and adequacy of topographic control. The historical drilling database utilises a local grid for positioning drillholes and for resource modelling. This local grid (Mangooroo Grid) was resurveyed by Rio Tinto in 1994 and transformations to AGD66 datum were calculated. A two point transformation has been utilized for survey data for this drill program, based on the Rio Tinto survey data. Drillhole locations have been planned from local grid |
| Criteria | JORC Code explanation | Commentary | |
| coordinates, then converted to AGD66 coordinates using the two point transformation. Drill pads have been located using GPS. Final drill placement is generally predicated by access and safety consideration. Final drill collars have been surveyed using an Orion Decimetre Differential GPS. Horizontal and vertical accuracy is estimated at ±300 mm as indicated by checking historic drillhole collars. AGD66/AMG54 coordinates are transformed by two point transformation back to local grid coordinates. Both local and AGD66/AMG54 grid coordinates are stored in the drill database. Differential GPS aids topographic control, however, Laramide also has a digital terrain model (DTM) derived from the previous Westmoreland airborne geophysical survey for additional topographic control. | |||
| Data spacing Data spacing for reporting of Exploration Results. Drill spacing is down to 50 x 30 metres over the upper Jack lens and and Whether the data spacing and distribution is sufficient to 30 x 30 metres coverage of Garee and lower Jack Lens – forming the distribution establish the degree of geological and grade continuity Redtree deposit. Drill spacing over Junnagunna is 50 x 50 meters and appropriate for the Mineral Resource and Ore Reserve Huarabagoo is 50 x 30 meters estimation procedure(s) and classifications applied. Sample compositing has not been applied to raw sample intervals. Whether sample compositing has been applied. | |||
| Orientation of Whether the orientation of sampling achieves unbiased Uranium mineralisation at the Westmoreland deposit generally forms data in sampling of possible structures and the extent to which this is flat-lying surface/sub-surface lenses and/or steeper sub-vertical relation to known, considering the deposit type. lenses in proximity to the north-east trending Westmoreland geological If the relationship between the drilling orientation and the fault/dyke. Drill holes are generally orientated to intercept this type of structure orientation of key mineralised structures is considered to have mineralisation. introduced a sampling bias, this should be assessed and No sampling bias is known to have been introduced by the drilling reported if material. orientation. | |||
| Sample The measures taken to ensure sample security. Each Laramide drill core sample is secured in a numbered sample security bag. Laramide staff transport batches of samples in sealed steel boxes directly to ALS Laboratories in Mt Isa with Chain of Custody documentation. | |||
| Audits or The results of any audits or reviews of sampling techniques David Jones of Vidoro Pty Ltd was commissioned in 2008 to inspect reviews and data. drilling, sampling protocols and QAQC procedures. Visits were also made to ALS Laboratories in Mt Isa to review sample preparation facility and chain of custody of samples, and ALS Laboratories in Brisbane to review analytical procedures. The conclusion was that the |
| Criteria | JORC Code explanation | Commentary | |
| field programme was being carried out at the highest professional standard and the QAQC procedures were above industry standard. |
| Criteria | JORC Code explanation | Commentary | |
| Mineral Type, reference name/number, location and ownership The Westmoreland Project is located approx. 400km NW of Mt Isa in tenement and including agreements or material issues with third parties the Gulf of Carpentaria. Queensland Exploration Permits EPM 14558, land tenure such as joint ventures, partnerships, overriding royalties, 14672 are 100% owned by Tackle Resources Pty Ltd and Exploration status native title interests, historical sites, wilderness or national Permit EPM 14967 is owned by Lagoon Creek Resources Pty Ltd – park and environmental settings. both of these companies are 100% subsidiaries of Laramide The security of the tenure held at the time of reporting Resources Ltd. EPM’s 14558 and 14672 are subject to a 1% Net along with any known impediments to obtaining a licence Smelter Royalty with cumulative payments capped at $10million to operate in the area. indexed to inflation. The Queensland Labor Party policy is not to allow uranium mining in Queensland. | |||
| Exploration Acknowledgment and appraisal of exploration by other The Westmoreland deposit was identified by a Bureau of Mineral done by other parties. Resources airborne survey in 1956. Subsequently companies parties including MIM, Queensland Mines Ltd, CRA Limited, Urangesellschaft Australia Pty Ltd worked on the deposit and drilled in excess of 80,000 metres. A detailed account on the history of Westmoreland exploration by these third parties was undertaken by Mining Associates Pty Ltd, titled ‘Westmoreland Uranium Project Redtree Resource Update’, May 2009, which is available on www.sedar.com | |||
| Geology Deposit type, geological setting and style of mineralisation. The Westmoreland tenements are centred about the outcropping Westmoreland Conglomerate of the Tawallah Group where the southern McArthur basin onlaps the ca 1850 Ma Cliffdale Volcanics of the Murphy Inlier. The Westmoreland uranium deposits, Redtree, Junnagunna and Huarabagoo, are hosted largely within the shallowly dipping Westmoreland Conglomerate ptw4 upper unit. Mineralisation generally forms flat-lying surface/sub-surface lenses and/or steeper sub-vertical lenses in proximity to the north-east trending Westmoreland fault/dyke. |
| Criteria | JORC Code explanation | Commentary | |
| Drill hole A summary of all information material to the understanding To date, Laramide has undertaken in excess of 20,000 meters of Information of the exploration results including a tabulation of the drilling which has been reported previously. All of the historical and following information for all Material drill holes: Laramide drilling data is contained in a database. o easting and northing of the drill hole collar Due to the large size of the database used in the resource estimate, it o elevation or RL (Reduced Level – elevation above sea is not practicable to summarise it. Recent Laramide drill results have level in metres) of the drill hole collar been released to the market prior to the calculation of the mineral o dip and azimuth of the hole resource estimate. o down hole length and interception depth o hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. | |||
| Data In reporting Exploration Results, weighting averaging Uranium cut off grades are generally 0.02%. aggregation techniques, maximum and/or minimum grade truncations Truncation of results has not been applied. methods (eg cutting of high grades) and cut-off grades are usually Aggregation – all samples in the intervals within the aggregate Material and should be stated. interval need to be abover the cutoff grade. Where aggregate intercepts incorporate short lengths of Metal equivalents are not used. high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. | |||
| Relationship These relationships are particularly important in the Mineralisation forms flat-lying surface/sub-surface lenses and/or between reporting of Exploration Results. steeper sub-vertical lenses in proximity to the north-east trending mineralisation If the geometry of the mineralisation with respect to the Westmoreland fault/dyke. widths and drill hole angle is known, its nature should be reported. Geometry of ore bodies has been proven by drilling of inclined drill intercept If it is not known and only the down hole lengths are holes in fan and scissor patterns through the ore bodies/lenses. lengths reported, there should be a clear statement to this effect Drilling is perpendicular to the lenses, the steeper mineralisation has (eg ‘down hole length, true width not known’). been drilled at 60 degrees. | |||
| Diagrams Appropriate maps and sections (with scales) and Appropriate maps and sections have been generated by Laramide, tabulations of intercepts should be included for any and independent consultants. Imagery is available at significant discovery being reported These should include, www.laramide.com. but not be limited to a plan view of drill hole collar locations and appropriate sectional views. |