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Laramide Resources Ltd.
Summary
| Project: | Crownpoint | |
|---|---|---|
| Deposit: | Crownpoint | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 12/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 20-12-2018: Laramide Resources Ltd. announces a Resource Estimation report for its Crownpoint deposit at the Crownpoint project. Initial resource estimate on the Crownpoint uranium project. TORONTO, Dec. 20, 2018 /CNW/ - Laramide Resources Ltd. ("Laramide | |
| Resources: | (Resource, Inf): 2.5Mt @ 0.102% eU3O8 for 5.1Mlbs U3O8 contained | |
| CP/QP: | [Resources]: Mark B. Mathisen (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | TORONTO, Dec. 20, 2018 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") is pleased to announce the results of its maiden independent Mineral Resource Estimate (the "Resource Estimate") prepared using the CIM Definitions (2014) as incorporated in NI 43-101 for the Company's 100% owned Crownpoint Uranium Project (the "Project" or "Crownpoint"), located in New Mexico, United States. The Resource Estimate was completed by Roscoe Postle and Associates Inc. ("RPA") in Denver, USA with the assistance of Laramide's technical team. The Resource Estimate also satisfies the requirements of the 2012 JORC code. The Technical Report pertaining to the Resource Estimate will be filed on Sedar (www.sedar.com) within 45 days. The Resource Estimate supersedes various "historical estimates" for purposes of NI 43-101 reporting (see press release dated October 10, 2018) and considers planned In Situ Recovery ("ISR") of uranium consolidating the significant work completed by previous operators on the Project. The Resource Estimate expands on the Company's New Mexico uranium resources including the 50.8 million pounds U3O8 of Inferred Resource estimated for the Church Rock Project (see Press Releases October 10, 2017 and November 22, 2017). Importantly, both of the Resource Estimates fall under the Company's NRC license which is the identified location for the 3 million lb U3O8 per annum Central Processing Plant (CPP) under the permit. Marc Henderson, Laramide Resources Ltd.'s President and Chief Executive Officer, commented, "The Crownpoint Resource is an important piece in the development of our New Mexico uranium portfolio. With this information now in hand the Company can look towards developing a preliminary economic assessment (PEA) of the combined Church Rock and Crownpoint Deposits." | |
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