Haranga Resources (ASX:HAR) has announced the results from 19 recent RC drillholes on-site its Senegalese uranium acreage.
The company cautioned on Thursday that reported results were derived not from full-fledged assays but instead XRF analysis of the drilled material.
XRF readings should be treated as a first-stage complementary datapoint.
Regardless, the company reported among its results the following:
- 36m at 913ppm uranium from 39m depth including 14m @ 1700ppm
- 12m at 725ppm uranium from 9m depth
- 19m @ 554ppm uranium from 15m depth
- 47m at 395ppm uranium from 124m depth
Notable in today’s results is that the company intersected uranium – per XRF analysis – on-site its Sanela prospect. Typically, the company focuses on its other area of interest called Saraya.
Today’s results ultimately confirm (on the grounds of XRF results) that both zones of interest do yield uranium mineralisation at differing concentrations.
The company noted that concentrations for uranium range from “a low of 28ppm uranium to a high of 4647ppm.”
A good rule of thumb to remember when it comes to uranium grades is that 10,000ppm is the equivalent of 1%.
“The latest pXRF results from the extensional RC drilling are extending the positive results previously reported for Saraya,” Haranga chief Peter Batten said.
“All samples have now been delivered to ALS in Canada and we look forward to the assay results, that will allow for a revision of the Mineral Resource Estimation for the Saraya Uranium deposit.
“The RC drill results from the previously defined Sanela anomaly, are the first mineralisation intersected in drilling by Haranga and will require follow up at a later date.”
HAR shares last traded at 12cps.