- Haranga Resources (ASX:HAR) discovers new significant uranium anomalies at its Mandankoly prospect in Senegal
- Through infill surveying, Haranga collected 4065 termite mound samples on a 200-metre by 50-metre grid
- Concentrations were recorded at up to 15 parts per million
- All infill surveys are being followed up with auger drilling to understand the extent and nature of the mineralisation
- Regional and infill termite mound sampling continues with RC drill targeting across Saraya for a potential resource expansion and an upgrade to an indicated resource
- HAR shares last traded at 24.5 cents
Haranga Resources (ASX:HAR) has announced the discovery of new significant uranium anomalies at its Mandankoly prospect, situated within the 1650 square kilometre Saraya project in Senegal.
Through infill surveying, Haranga collected 4065 termite mound samples on a 200-metre by 50-metre grid. The presence of termites is a strong indicator of uranium mineralisation, with concentrations recorded at up to 15 parts per million.
Haranga focused on two notable targets using this process, extending more than 600 metres in strike within erosional valleys on the Eastern Saraya laterite plateau.
These discoveries bring the total number of close-spaced infill drilled uranium anomalies to five, excluding the company’s mineral resource estimate of 16.1 million pounds of inferred uranium at 587 parts per million.
“Within a short time frame, we have managed to commence a significant exploration program over the very large Saraya permit, with the aim of aggressively exploring the potential in the region where the company believes significant further uranium resources could exist,” HAR Managing Director Peter Batten said.
“This comes at a time when we are seeing increased interest in the uranium market and explosive moves in pricing, so we are extremely excited about the next six months.”
All infill surveys on uranium anomalies are being followed up with auger drilling to further understand the extent and nature of the mineralisation, and the company will release these results on an ongoing basis.
Regional and infill termite mound sampling will also continue, along with reverse circulation (RC) drilling across Saraya for potential resource expansion and an upgrade from an inferred to an indicated resource.
Currently, the company has sent metallurgical testing for analysis to aid this process.
HAR shares last traded at 24.5 cents.