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Drilling commences at Saraya Uranium Project

ASX News, Materials
ASX:HAR      MCAP $4.207M
18 December 2023 10:38 (AEDT)

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Haranga Resources (HAR) has kicked off a drill run at its Saraya Uranium project in Senegal, expected to last until February 2024.

The program is designed for a minimum of 4000 metres of exploration but has been designed to extend as far as 6000 metres. Assays are expected by April 2024.

HAR intends to drill two holes as a means to compile data for a potential mineral resources estimate (MRE) upgrade.

Burn-off season

The existing JORC read currently boasts 16.1 million pounds of inferred Uranium at 587 parts per million (ppm).

The drill work follows metallurgical works and testing on ore characterisation, which was originally scheduled for the end of the current program and has been moved forward.

However, Haranga ran into some weather delays with auger drilling at both the Diobi and Sanela anomalies before commissioning the RC drill program, impeding the mineral targeting process.

Source: Haranga Resources (ASX:HAR)

Management comment

“Due to the late end of the wet season, harvests have been delayed and we are still in the period where the dry grass will burn,” company chief Peter Batten said.

“This has hampered the progress of the auger drilling, which was intended to locate and orientate the mineralisation below termite mound anomalies ahead of RC drilling.”

“The XRF results from the auger work will determine whether the RC drill moves to Diobi or Sanela after completing the work at the Saraya deposit.

“Diobi and Sanela have been chosen due to the more advanced sampling completed on these two prospects and the high-level uranium anomalies reported.“

HAR shares were trading at 20 cents.

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