Haranga Resources (ASX: HAR; FRA: 65E0) defines new promising targets at Saraya uranium project

July 11, 2024 11:16 AM AEST | By Sonal Goyal

Recent News

TCL CSOT Highlights IJP OLED Innovations at the Omdia Korea Display Co...

Oil Faces Largest Weekly Loss Amid Supply and Demand Concerns

Antengene Announces XPOVIO® (selinexor) Approved for Its Third Indicat...

Gold Breaks New Record Amid Rising Global Uncertainty

Highlights

Termite mound sampling covered the entire 1,650km² Saraya permit area on a grid scale of 1,000m by 100m.

A total of 15,845 termite mound samples have been collected regionally.

The central anomalous corridor spans over 30km.

Six new anomalous targets identified using permit-scale grid pXRF, taking total targets to 15.

Final infill TM sampling is planned for the next dry season.

Haranga Resources Limited (ASX: HAR; FRA: 65E0) has successfully completed regional termite mound sampling across its entire Saraya Uranium Project to explore new prospects. With the final survey completed, termite mound data now covers 97% of Haranga’s 1,650 km² project area, utilising a 1000m by 100m grid.

A total of 15,845 samples were collected, out of the planned 16,344 samples. These samples were analysed using pXRF to measure eU ppm readings. and other multi-element results for 39 elements alongside uranium.

Anomalous pXRF readings ranged from 7 to 45ppm eU, with the central anomalous corridor, including the Saraya JORC resource, showing anomalism of more than 30km. The permit-scale grid pXRF results identified 15 new anomalous targets, currently undergoing infill sampling and drill testing.

Infill TMS is pending

With the completion of the regional-scale sampling, the infill survey grids remain pending. The company anticipates finalising the infill TM sampling in the upcoming dry season.

The infill TMS has focused on the central anomalous uranium corridor. The regional TMS has identified six additional grids to be infilled at a spacing of 200m by 50m. These grids include Bembou, Baraberi, Baraberi North, Kondokho South, Samecouta, and Sekhoto North.

The company has adopted a four-stage exploration process. Stage 1 involves regional TMS, while Stage 2 focuses on infill TMS. The company is now approaching Stages 3 and 4, which involve auger drilling and RC drilling. These stages create opportunities for further uranium deposit discoveries within the more than 30km corridor of uranium anomalism, including 16 uranium prospects identified in Stage 1 exploration.

HAR shares traded at AU$0.072 apiece on 10 July 2024.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.