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Laramide Resources Ltd.
Summary
| Project: | Church Rock | |
|---|---|---|
| Deposit: | Church Rock | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 10/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 10-10-2017: Laramide Resources Ltd. announces a Resource Estimation report for its Church Rock deposit at the Church Rock project. Initial mineral resource update at Church Rock. TORONTO, Oct. 10, 2017 /CNW/ - Laramide Resources Ltd. ("Laramide"or the “Co | |
| Resources: | (Resource, Inf.): 33.9Mt @ 0.075% eU3O8 at Church Rock | |
| CP/QP: | [Resources]: Mark B. Mathisen (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | TORONTO, Oct. 10, 2017 /CNW/ - Laramide Resources Ltd. ("Laramide"or the “Company") is pleased to announce the results of its maiden independent Mineral Resource Estimate(the “Resource Estimate") for the Company's 100%owned Church Rock Uranium Project (the “Project" or “Church Rock"), located in New Mexico, United States. The Resource Estimate was prepared to CIM Definition Standards (2014)as incorporated in NI 43-101 and completed by Roscoe Postle Associates Inc. ("RPA") in Denver, USA with the assistance of Laramide's technical team. The Technical Report pertaining to the Resource Estimate will be filed on Sedar (www.sedar.com) within 45 days. The current Resource Estimate supersedes various "historical estimates "for purposes of NI 43-101 reporting (see press release dated March 29, 2017)and considers planned In Situ Recovery ("ISR") of uranium consolidating the significant work completed by previous operators on the Project. Marc Henderson, Laramide Resources' President and Chief Executive Officer, commented, "The Church Rock Project is a compilation of significant historical work completed by tier one mining and energy companies. This is the first time since discovery that the Project has been combined under one banner without significant royalty burden and this impressive initial resource at Church Rock clearly demonstrates the District scale potential of the asset. Combined with the NRC licence and other permitting work already completed by previous operators, Laramideis well positioned to benefit from a likely renewal of US domestic uranium production n when market conditions warrant". The Resource Estimate did not include the Company's 100%owned Crown point project, located 25 miles east of Church Rock. The Laramide team plans to begin the process of digitizing the significant data for Crown point in the coming months which will allow for a resource estimate on the Crown point property planned for Q1-2018 (The Crown point property has a historical resource estimate; see press release dated March 29, 2017 and the company's website at www.laramide.com). | |
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