Laramide Resources Focuses on Resource Expansion at Westmoreland
Overview of Recent Drilling Activities
Laramide Resources Ltd. (TSX: LAM; OTCQX: LMRXF) recently announced significant developments at the Westmoreland Uranium Project, marking a noteworthy chapter in their exploration and resource growth narrative. As the company continues its 2024 drilling activities, the first batch of assay results from the Long Pocket area has shown promising signs of strong uranium mineralization.
Drilling Results Highlight Strong Mineralization
The recent drilling efforts at Long Pocket have revealed several key assay findings that underscore the potential for further resource expansion. Notable intersections reported include:
- LP24RC004: 10m @ 606ppm U3O8 from 6m depth, including 2m @ 1,726ppm U3O8 from 11m.
- LP24RC006: 8m @ 1,770ppm U3O8 from 16m depth, with 4m @ 3,128ppm U3O8 from 17m.
These results reflect a high level of confidence in the lateral continuity of uranium mineralization based on the drillhole collar spacing, which is generally less than 50m apart.
Exploration at the Amphitheatre Prospect
Significant findings have also emerged from the drilling at Amphitheatre, where multiple zones of mineralization were intercepted. The exploration team has identified that the mineralization remains open to the south, setting the stage for further investigative drilling as they aim to delineate the extents of this promising area.
Comments from the Management Team
Laramide's Vice-President of Exploration, Rhys Davies, emphasized the importance of these preliminary results: "The initial findings from our infill drilling at Long Pocket validate the quality of this satellite deposit. The good uranium grade at shallow depths supports our focus on enhancing Westmoreland's resources, which is critical to improving the economics of a future mining operation."
Davies further noted, "The Amphitheatre area continues to exhibit exceptional potential, and we look forward to conducting follow-up drilling to explore these promising zones further."
Long Pocket Uranium Deposit Insights
The Long Pocket deposit is strategically located just 7 km from the main Westmoreland Project. Recent completion of 38 infill RC drill holes totaling 2,139m during the 2024 drilling season has set a solid foundation for further exploration. Results thus far confirm a continuous pattern of shallow, flat-lying mineralization, characterized by highly altered hematitic sandstone. Further assay results from the recent drilling are anticipated in the coming months, as the data will be integrated into a Maiden Resource Estimation scheduled for early 2025.
Moving Forward with Exploration
Laramide's focus remains on developing their uranium assets within Tier-1 jurisdictions, with the Westmoreland project at the forefront. The company is committed to uncovering the full potential of its resources, backed by robust geological prospects and previous exploration successes.
Frequently Asked Questions
What is the significance of the recent drilling results at Westmoreland?
The drilling results indicate strong uranium mineralization, suggesting a robust potential for expanding resources at the site.
What are the next steps following these drilling results?
Laramide plans to conduct follow-up drilling to explore further zones of mineralization that have been identified, particularly at Amphitheatre.
How does this drilling impact Laramide's future plans?
The results support Laramide's strategy to enhance resource economics for future mining operations, contributing to their long-term growth objectives.
How many drill holes were completed at the Long Pocket deposit?
A total of 38 infill RC drill holes have been successfully completed at the Long Pocket deposit during the current drilling campaign.
What is the expected timeline for further assay results?
Further assay results from the current drilling program are expected to be available in Q3 and Q4 of 2024.
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