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Haranga Extend Saraya Yellowcake

3 April 2023 13:22
ASX: IMI

Haranga Resources continue to grow the Saraya Projects yellowcake potential with re-assays of an extensive termite mound sampling program unearthing un-drilled extensions of uranium mineralisation.

This is just another shot in the arm for the promising Project, with Haranga now looking to convert the Project’s exciting exploration target to a maiden JORC resource following an over 3000-metre drill program which recorded intercepts including 5.7 m @ 3,176 ppm eU3O8 from 26.8 m and 36.4 m @ 1,246 ppm eU3O8 from 78.7 m.

Samples taken from the vicinity of the Saraya Exploration target between December and January were re-assayed with upgraded software and longer counting time, hitting a significantly improved detection limit of 2.5 ppm and yielding an improved resolution of the mineralisation’s surface expressions.

This improved detection limit will allow the Company to circumvent the laterite and colluvial covers that hindered previous exploration and improves its ability to define potential extensions, with the improved method already detecting potential extensions of the uranium mineralisation to the northwest and northeast.

The permit scale sampling program of termite mounds has now resumed and is expected to be 65 per cent complete by the onset of the wet season in July.

Infill sampling over the newly identified anomalies has also begun in the hopes of defining additional drill targets, with sampling hitting four priority targets that have shown anomalous uranium concentrations: Saraya NNE, Saraya South, Mandankoli, and Sanela.

Sampling at Saraya NNE has already been completed and assays are expected later this month, with samples taken from over the Diobi prospect, where previous explorers intersected up to 11.1m at 610 ppm eU3O8, 7.6m at 1,002 ppm eU3O8 and 6.4m at 427 ppm eU3O8.

The Company said that its technical team is already recommending the newly uncovered extensions be hit with follow-up auger or air-core drilling.

“Improvements to sampling techniques have increased the detection limits of uranium, uncovering previously unexplored trends and extensions of uranium anomalies. This follows the Company’s recent very positive drilling program and identification of numerous undrilled uranium anomalies across the permit, further validating the Company’s view that Saraya could hold significant uranium potential,” Chairman Michael Davy said.

“The infill sampling grids defined around the Saraya prospect demonstrate our commitment to an aggressive exploration approach. We eagerly anticipate the results from the completed Saraya NNE grid in April, and we remain optimistic about the potential for new uranium discoveries at close proximity to our known Saraya prospect.”

HAR’s Australian Stock Exchange-listed share price is currently trading at 14c (12.14 pm UTC+ 8 hours).

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