Laramide Resources Commences Second Phase of 2022 Drilling Program at Westmoreland Uranium Project, Queensland, Australia
Laramide Resources Commences Second
Phase of 2022 Drilling Program at
Westmoreland Uranium Project, Queensland,
Australia
TORONTO
,
Oct. 18, 2022
/CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") is
pleased to announce that the second phase of the 2022 drill program at its Westmoreland Uranium
Project in
Queensland, Australia
("Westmoreland") is now underway. This phase of the program (as
initially outlined in Laramide's news release of
May 25, 2022
), will focus on a potential satellite
deposit known as Longpocket (including the Sue / Outcamp prospects) which saw limited drilling in
2010 but was never included in the overall resource at
Westmoreland
.
The Outcamp and Sue Uranium prospects are located 8km to the East of the Junnagunna Uranium
deposit and 12km Northeast of Redtree (see map at Fig. 1) and the current drilling will target
Outcamp, with a goal of extending the envelope of known uranium mineralisation to the northeast,
building on a 2010 drilling program, which confirmed mineralisation as shallow and flat-lying in nature.
The current drilling program will consist of up to a dozen or more diamond drill holes on a truck
mounted rig and is expected to conclude by late October before the onset of the traditional wet
season.
The Company can also report that the drilling program to test the prospective Amphitheatre prospect
was successfully completed in early July, which was somewhat slower than the originally anticipated
timeline due to equipment and logistical constraints. Core cutting and sampling preparation were
similarly impacted but the samples were shipped in late August to ALS Global Lab in Mount Isa and
are expected to be processed in the coming weeks.
Figure 1: Drill program has commenced at Longpocket (Sue/Outcamp). (CNW Group/Laramide
Resources Ltd.)
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About Laramide Resources Ltd.:
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
. Each of Laramide's portfolio of five
advanced uranium projects have been chosen for their production potential. Laramide's
Westmoreland
project, in
Queensland, Australia
, is one of the largest projects currently held by a
junior mining company. Its U.S. assets include Churchrock/
Crownpoint
, a large ISR project, and the
La Jara Mesa in the historic
Grants, New Mexico
mining district.
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 09:12e 18-OCT-22