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Haranga extend Saraya targets

7 February 2023 09:33
ASX: HAR
HAR Saraya Online 2

Haranga Resources are going nuclear at the Saraya prospect in eastern Senegal, with results identifying multiple new uranium anomalies extending over 25 kilometres with anomalous uranium values up to 17ppm, defining new targets for infill sampling and potential drilling.

The results come from a permit-wide termite mound sampling program in the northern region of the project, with sampling performed on over 5000 termite mounds covering 540 square kilometres.

Results have also lined up with a number of historical results, with anomalies being further validated by historical drilling at the Diobi prospect located just 5km north-north-east of Saraya, which returned intersects including 7.6m at 1,002 ppm eU3O8 and 6.4m at 427 ppm eU3O8.

The newly uncovered uranium anomalies are of the same tenor as those across the previously defined Saraya uranium prospect where the company defined an exploration target of up to 20 million tonnes of eU3O8 at grades up to 760 ppm eU3O8.

Haranga is currently awaiting drill results from Saraya, with the company saying it plans to use them to convert Saraya’s exploration target to a maiden mineral resource estimate.

“Given a couple of these uranium, anomalies coincide with regional historical drill success to the NNE of Saraya prospect, it is already looking like further uranium discoveries will be made on this permit,” chairman Michael Davy said.

This makes it an exciting period for the Company as we aim to prove that Saraya could potentially host significant uranium resources.”

Alongside drill results, the company is also awaiting further returns from the mound sampling project and is already planning to follow up with additional infill termite mound sampling and potential drilling over the new uranium targets.

HAR’s Australian Stock Exchange-listed share price is currently trading at 20c (9.28 am UTC+ 8 hours).

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