The program is already underway in the Northern Territory, and will shift to Westmoreland when complete, expected in mid to late August.
Westmoreland is an advanced, development-stage asset with an Indicated resource of 18.7mt at 0.088% U3O8 for 36Mlbs and a further 9.02mt at 0.083% U3O8 for 15.9Mlbs Inferred resource (footnote).
This limited drill program (1,300m) will continue to test the Huarabagoo mineralized zone on the Redtree – Junnagunna trend, following up last drilling in 2009.
Laramide will also perform its first drilling in the Sue-Outcamp zone, which has been drilled by past explorers. The area lies approximately 10km east of Junnagunna, and drilling will be conducted along the existing access track commencing at 203800E, 8064790N AGD66 at 100mt intervals.
A total of seven sites (700m) is planned. Initial drilling will provide drill core for assay and mineralogy studies prior to planning more comprehensive resource drilling.
These studies will also enable drill targeting of large target zones of anomalous radiometric response defined by detailed airborne geophysics. These targets, which have not been previously drilled, are considered highly prospective.
At Huarabagoo, three holes will be drilled in a fan from two sites for 600mt of core. Holes will be logged geologically and gamma probed with mineralized intervals half core sampled and sent for assay.
Exploration drilling has commenced on EL 10335 in the Northern Territory. Laramide is conducting exploration for Westmoreland style uranium mineralization on EL 10335 under an agreement with Hartz Range Mines.
A planned 1,000m of diamond drilling will test three structural targets in the Westmoreland Sandstone beneath 20 to 60m of basalt cover. The three target fault structures have an associated radiometric signature along strike and are considered prospective. The three prospect areas will be targeted initially with a planned 11 drill holes with core to be logged and holes gamma probed.
The Australian Nuclear Science and Technology Organization (ANSTO) has been commissioned to undertake metallurgical studies from August to October 2010.
