- Haranga Resources (ASX:HAR) locks a rig in for drilling to commence as uranium hits fresh highs
- Drillers will go after two prospects believed to possibly extend the existing Saraya deposit
- Auger drilling and XRF results will determine which prospect receives the lion’s share of new drill testing
- The company will enter 2024 flush with geotechnical data at its flagship project in Senegal, West Africa
- Shares last traded at 17.5 cents
Senegal-based uranium explorer Haranga Resources (ASX:HAR) will kick off fresh uranium drilling in mid-December.
Expected to conclude in “February through to April,” the campaign will see Haranga enter 2024 flush with data for geotechs to sort through.
“Haranga is entering into an intense period of exploration that could potentially produce positive and significant results,” HAR Managing Director Peter Batten said.
Christmas break no big deal
While a Christmas break is still on the cards for Haranga and its team, drillers are going after two prospects believed to have the potential to expand the existing scope of mineralisation.
“Even though the Saraya deposit is open along strike and depth, with potential to expand on the existing resource, our aim of this program is to hopefully confirm that multiple Saraya’s may exist,” Mr Batten added.
RC rigs will sink up to 6000 metres worth of drillhole on-site, targeting two uranium anomalies called Diobi and Sanela to the north and south of the existing Saraya deposit respectively.
Handheld assay tech
Auger drills remain at these two targets at present; handheld assaying tools will be used to help fast-track geotechnical decisions – i.e., which prospect gets drilled with an RC rig first.
“The XRF results from this work will determine whether the RC drill commences at Diobi or Sanela,” Mr Batten said.
“Diobi and Sanela have been chosen due to the more advanced sampling completed on these two prospects and the high-level uranium anomalies reported.”
Saraya, Haranda noted today, already boasts a 16.1 million pound inferred uranium resource at 587 parts per million. Another four anomalies will be targeted between December and March.
Uranium prices are at a fresh YTD high of US$81.45/lb.
Shares last traded at 17.5 cents.