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Haranga set Saraya target

5 September 2022 14:09
ASX: HAR

Haranga Resources have set a significant uranium target for a small chunk of its Senegal territory as the culmination of reviewing over 60 thousand metres of historic drilling data at the Saraya project.

The target was defined over just 0.2 square kilometres for up to 35 million pounds of contained Triuranium octoxide in accordance with JORC code.

While the current target only covers a small area, the review provided further anomalies across the 1650 square kilometre permit for follow-up, with the prospect potentially remaining both open at depth and extendable to the southeast and northwest.

The company said exploration had highlighted the significant potential of its Saraya permit.

“We are excited to begin drilling and hopefully convert this exploration target into a mineral resource,” non-executive chairman Michael Davy said.

“This excitement is combined with a very bullish global outlook for uranium, as the world prepares to transition to clean energy.”

The company is undertaking a termite mound survey to determine additional targets while preparing for an extensive 3,200-meter maiden drilling campaign to convert the target into a JORC resource, anticipated to begin by the end of the month.

Significant historical intersections:

  • 47.8 m @ 1630 ppm eU from 72.4m in SAR327 including 6.5m @3743 ppm eU from 91.5m
  • 46.2 m @ 1548 ppm eU from 42.2 m in SAR30
  • 10.1 m @ 5537 ppm eU from 27.7m in SAR183 including 4.6m @8669 ppm eU from 28.1m
  • 13.3 m @ 1194 ppm eU from 88.2m in SARA1007 including 7m @1843 ppm eU from 92.6m
  • 37.7 m @ 797 ppm eU from 81.2m in SARA1003 o Including 9.1 m @1160 ppm eU from 84.5m

HAR’s Australian Stock Exchange-listed price has risen 14.29 per cent today, currently selling at 20c (1.40 pm UTC+ 8 hours).

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