A worker holds uranium fuel using heavy duty gloves
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Haranga Resources (ASX:HAR) has announced its exploration team are more confident the on-site Sanela target of interest could potentially be a uranium hotspot.

Anomalies coincident with uranium mineralisation have been detected in a total of 140 auger holes at Sanela which the company says complements recent RC drilling data.

One result showed an 8m section from 35m depth – relatively shallow – turn up 351ppm uranium.

Now, across 91 holes drilled in the most recent auger works, 29 holes have recorded “significant uranium pXRF readings in saprolite samples.” In terms of concentration, uranium was detected in trace amounts.

Auger drilling remains ongoing targeting an area where granite rocks and associated pegmatites coincide underground.

While the company’s effectively still in an “early-days” stage, the company is hopeful that the data is pointing towards a potential new discovery at Sanela.

“These positive results are a further indication of the immense prospectivity of the Saraya permit for uranium mineralisation. The auger program is proving its viability,” Haranga chief Peter Batten said.

“Sanela is the first of the remaining 10 termite anomalies to be subjected to intense auger coverage and we are excited by the possibilities for further deposits within our portfolio of prospects.”

HAR last traded at 9.4cps.

HAR by the numbers
More From The Market Online
Mongolian gers in the north of the country

Asian Battery Metals uncover second massive sulphide discovery at Mongolia’s Oval play

Asian Battery Metals Plc has hit another massive sulphide intercept at the North Oval area of…
Woodside HQ in Texas

HotCopper users react as Pancontinental Energy’s trading halt lift reveals little

Pancontinental has lifted a trading halt to reveal its hotly awaited potential deal with Woodside is...still…
Chris Ellison speaks at the Mineral Resources AGM.

MinRes’s Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Who the MinRes Board has decided to move on faster may or may not be amusing,…
The Market Online Video

ASX Market Open: Aussie market to leap on best ‘Trump trade’ bump since election day | November 22, 2024

The ASX 200 is tipped to rise as much as 1% at open today after Wall Street enjoyed another major “Trump trade” surge