Laramide's 2024 Drill Program Continues to Return Strong Results at the Westmoreland Project in Queensland, Australia, including Notable Gold Mineralisation

In This Article:

Highlights:

  • Results continue to demonstrate the potential to link the Huarabagoo and Junnagunna uranium deposits

    • HJ24DD017 – 25.00m @ 393.64 ppm (0.04%) U3O8 from 15.00m,

      • including 1.00m @ 1,015.29 ppm (0.10%) U3O8 from 28.00m

      • and 1.00m @ 2,128.46 ppm (0.21%) U3O8 from 34.00m

    • HJ24DD019 – 6.00m @ 1,177.43 ppm (0.12%) U3O8 from 87.00m,

      • including 4.00m @ 1,520.58 ppm (0.15%) U3O8 from 89.00m

  • Uranium mineralisation at Huarabagoo continues to deliver impressive results including:

    • HB24DD010 – 15.60m @ 2,237.03 ppm (0.22%) U3O8 and 0.53 g/t Au from 68.40m,

      • including 1.00m @ 2,264.06 ppm (0.23%) U3O8 and 0.23 g/t Au from 70.00m

      • and 7.00m @ 4311.16 ppm (0.43%) U3O8 and 0.10 g/t Au from 76.00m

      • with highest intercept result of 1.00m @ 1.42% U3O8 and 0.01 g/t Au from 80.00m

  • Broad zones of gold mineralisation were also intercepted with grades up to 24.2g/t Au

    • HB24DD008 – 19.00m @ 620.58 ppm (0.06%) U3O8 and 1.95 g/t Au from 48.00m,

      • including 2.00m @ 1,720.45 ppm (0.17%) U3O8 and 1.64 g/t Au from 57.00m

      • and 2.00m @ 2,202.16 ppm (0.22%) U3O8 and 12.39 g/t Au from 64.00m

      • with highest intercept result of 1.00m @ 2,299.44 ppm (0.22%) U3O8 and 24.20g/t Au from 65.00m

    • HB24DD006 – 8.00m @ 1,449.86 ppm (0.14%) U3O8 & 0.22 g/t Au from 36.00m,

      • including 1.70m @ 6,208.83 ppm (0.62%) U3O8 & 0.78 g/t Au from 37.60m.

  • New Exploration Permit (EPM 28807) granted adjacent to Westmoreland Project adding 327km2 of highly prospective tenure in NW Queensland

TORONTO, Dec. 9, 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 another batch of assay results from the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia ("Westmoreland") and the receipt of a permit for exploration for a large land package immediately east of and adjacent to the current Westmoreland land tenure.

Results for 6 holes of 17 holes from infill drilling at Huarabagoo and for 11 holes of 27 holes drilled in the zone between the Huarabagoo and Junnagunna deposits have been received. The results demonstrate that uranium mineralisation is continuous along strike and potentially joins the two deposits. Furthermore, there is a significant gold endowment within the mineralising system.

Commenting on the results, Laramide's Vice-President of Exploration Rhys Davies said: