TORONTO, July 18,
2024 /CNW/ - Laramide Resources
Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM)
(OTCQX: LMRXF), a uranium mine development and exploration company
with globally significant assets in the
United States and Australia, is pleased to announce the
appointment of Mr. Josh Leftwich as
Vice-President for Operations and Strategic Planning, U.S.A. Mr. Leftwich's substantive professional
expertise will be instrumental in advancing Laramide's U.S. uranium
assets through development and into production.
Mr. Josh Leftwich's career
includes a role as Director of Radiation Safety and Licensing,
reporting directly to the President of Cameco. At Cameco, he was a
key senior manager in charge of operational compliance and
oversight of three mine operations and seven development projects.
He was the key contact for all tribal relations which required
development and administering of policy processes, as well, he was
the key regulatory contact for all state and federal communications
including the Nuclear Regulatory Commission (NRC).
His other relevant uranium mining company experience includes
negotiating complex regulatory issues at Uranium Energy Corp.
(UEC); and, as a key component of the initial start-up team at
Mestena Uranium (now The Alta Mesa Project owned by enCore Energy
and Boss Energy), he was responsible for all permitting activities
including demonstrating and communicating groundwater restoration
capabilities and establishing health, safety and
environmental/radiation programs from greenfield to production.
"We are very pleased to welcome Josh to Laramide Resources and
back to the uranium industry where he began his career," said
Marc Henderson, CEO and President of
Laramide Resources Ltd. "Each of our U.S. projects are development
stage with significant resources and can make a meaningful
contribution to future US domestic uranium production, which is now
a bipartisan US government objective. This political backdrop
should provide a tailwind for our assets and Josh's skills will
enhance our progress towards achieving our aggressive development
timeline."
Westmoreland Uranium Project Drilling Update
Drilling at the Westmoreland
project is proceeding well with the first three of seven planned
diamond holes at the Amphitheatre prospect now completed. Initial
core sampling of shallow mineralised zones is underway, guided by
downhole gamma probe and handheld scintillometer data. The first
samples are being prepared for delivery next week to ALS
Laboratories.
The first five drillholes at Amphitheatre are targeting
immediate extensions of the known mineralisation and to understand
any structural controls. The last two holes planned for this
study at Amphitheatre will be to step out and to test over
300m to the north under alluvial
cover to get a sense of the potential scale of this project.
As part of the 2024 resource extension program, a second drill
rig will arrive later this month to commence drilling at Huarabagoo
and Junnagunna to test whether the zones between these two deposits
can be linked. The combined program will comprise 10,000 to 12,000
meters over 100 drillholes and includes the satellite deposit at
Long Pocket with an objective of expanding and updating the
Westmoreland Mineral Resource Estimation.
Qualified/Competent Person
The information in this
announcement relating to Exploration Results is based on
information compiled or reviewed by Mr. Rhys Davies, a contractor to the Company. Mr.
Davies is a Member of The Australasian Institute of Geoscientists
and has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person
as defined in the JORC 2012 Edition of the 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves', and is a Qualified Person under the guidelines of the
National Instrument 43-101. Mr. Davies consents to the inclusion in
this announcement of the matters based on his information in the
form and context in which it appears.
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About Laramide Resources Ltd.:
Laramide is focused on exploring and developing high-quality
uranium assets in Australia and
the western United States. The
company's portfolio comprises predominantly advanced uranium
projects in districts with historical production or superior
geological prospectivity. The assets have been carefully chosen for
their size, production potential, and the two large projects are
considered to be late-stage, low-technical risk
projects.
The Westmoreland project in
Queensland, Australia, is one of
the largest uranium development assets held by a junior mining
company. This project has a PEA that describes an economically
robust, open-pit mining project with a mine life of 13 years.
Additionally, the adjacent Murphy Project in the Northern Territory
of Australia is a greenfield asset
that Laramide strategically acquired to control the majority of the
mineralized system along the Westmoreland trend.
In the United States,
Laramide's assets include the NRC licensed Crownpoint-Churchrock
Uranium Project. An NI 43-101 PEA study completed in 2023 has
described an in-situ recovery ("ISR") production methodology. The
Company also owns the La Jara Mesa project in the historic Grants
mining district of New Mexico and
an underground project, called La Sal, in Lisbon Valley,
Utah.
This press release contains forward-looking statements. The
actual results could differ materially from a conclusion, forecast
or projection in the forward-looking information. Certain material
factors or assumptions were applied in drawing a conclusion or
making a forecast or projection as reflected in the forward-looking
information.
SOURCE Laramide Resources Ltd.