Haranga Resources have underscored the significant potential of its Saraya project in Senegal after review of historic drilling data revealed unreported intersections holding over 5500 parts per million uranium.
With an extensive diamond drill campaign planned to verify the historical results, the explorer believe it could potentially lead to the estimation of a maiden JORC resource.
Previous drilling over Saraya was concentrated over just half a square kilometre of its 1650km2 permit and it now holds numerous large radiometric anomalies under the spotlight for follow up.
The company said with historic testing only comprising a small area of the project, it was excited to explore the site’s true potential.
“Not only are we seeing significant widths of uranium across numerous holes at shallow depths, but also high-grade mineralisation,” chairman Michael Davy said.
“Once sampling is completed and overlayed with geophysics, this should confirm additional drill targets and lend itself well for the Company to potentially grow the project.”
The explorer expect to fire up the 20 hole diamond drilling campaign over Saraya as soon as next month.
- 47.8 m @ 1,630 ppm eU from 72.4m in SAR3271
- 46.2 m @ 1,548 ppm eU from 42.2m in SAR30
- 10.1 m @ 5,537 ppm eU from 27.7m in SAR183 – Including 4.6m @ 8669 ppm eU from 28.1m
- 13.3 m @ 1,194 ppm eU from 88.2 m in SARA1007 – Including 7m @ 1,843 ppm eU from 92.6m
- 37.7 m @ 797 ppm eU from 81.2 m in SARA1003 – Including 9.1 m@ 1160 ppm eU from 84.5m
HAR’s Australian Stock Exchange-listed price has risen 23.33 per cent today, currently selling at 18.5c (11:19am UTC+ 8 hours).