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Haranga underway at Saraya

24 October 2022 10:22
ASX: HAR

Haranga Resources have launched a two-stage diamond drilling campaign, covering 3200 metres of its advanced Saraya uranium prospect in the West African nation of Senegal.

The campaign is focused on converting a hefty exploration target up to 35 million pounds of contained eU3O8 into a maiden JORC resource.

Stage one is directed at validating the geological model, while the second aims to further develop it by targeting deeper mineralisation and untested areas, with the exploration target only defined from 0.2 square kilometres of a 1650km2 permit.

The company said the project’s potential was supported by both historical data and large, untested radiometric anomalies.

“With drilling underway at the Saraya Uranium prospect, this marks a very exciting time for the Company due to the enormous potential that exists for the Saraya Project to host significant uranium resources,” non-executive chairman Michael Davy said.

“With results from the sampling programme expected shortly, we hope to demonstrate that the signature of the Saraya prospect can be repeated across the permit, thereby further supporting our view that the Saraya Uranium Project could be significant in size.”

Haranga expect results to come in from November to January, with a JORC resource earmarked for early in the second quarter of 2023.

HAR’s Australian Stock Exchange-listed share price was trading at 16c today (8.49 am UTC+ 8 hours).

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