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
The Market Online Video

ASX Market Close: Index claws back intraweek losses | 26 July, 2024

The ASX200 closed up 0.76% today. Losses from earlier in the week were clawed back with…
A visual representation of e-commerce.

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Several ASX-listed businesses have been gaining ground in the retail sector based on their focus on…
The Market Online Video

ASX Market Update: Mining and Energy stocks lead rising bourse | July 26, 2024

The ASX200 is trading up around 0.87% to just about 7930 points. Materials has been the…