Listed (TSX:LAM; ASX:LAM)
TORONTO, May 22, 2020 /CNW/ - Laramide is pleased to
announce that it has today filed an independent technical report on
its 100% owned Murphy Uranium Project in the Northern Territory of
Australia ("the Project"). The
report was authored by Robert
Sowerby of Mining Associates Ltd. of Brisbane, Australia, and was prepared in
accordance with Canadian National Instrument 43-101 Standards of
Disclosure for Mineral Projects (NI 43-101).
The Murphy Project is adjacent to Laramide's Westmoreland
Project in Queensland and is thus
an important potential asset within Laramide's large regional
tenement holdings. Laramide originally joint ventured the Project
from Rio Tinto Exploration (RTX) in 2011 before acquiring it
outright (subject to an RTX back-in right on a $1-billion discovery) in 2018. Since its
involvement with the Project, Laramide has commissioned several
different types of airborne geophysical surveys including combined
magnetics-radiometrics, time-domain electromagnetics, and gravity
gradiometry surveys. Limited geochemical work has also been
conducted historically, as well as a modest amount of shallow
drilling.
Laramide believes the Murphy Project is prospective for
Westmoreland style and
unconformity related uranium mineralization and intends to adopt a
more aggressive stance towards exploration as industry conditions
improve.
The Report is available on the Company's website. To learn more
about Laramide, please visit the Company's website at
www.laramide.com.
Follow us on Twitter @LaramideRes
About Laramide Resources:
Laramide is a Canadian-based company with diversified uranium
assets strategically positioned in the
United States and Australia
that have been chosen for their low-cost production
potential. Laramide's recently acquired Churchrock and
Crownpoint properties form a
leading In-Situ Recovery (ISR) division that benefits from
significant mineral resources and near-term development potential.
Additional U.S. assets include La Jara Mesa in Grants, New Mexico, and La Sal in the Lisbon Valley district of
Utah. The Company's Australian
advanced stage Westmoreland is one
of the largest uranium projects currently held by a junior mining
company. Laramide is listed on the TSX: LAM and ASX: LAM.
Forward-looking Statements and Cautionary Language
This News Release contains forward-looking statements that are
subject to a variety of risks and uncertainties which could cause
actual events or results to differ materially from those reflected
in the forward-looking statements. The Company does not intend to
update this information and disclaims any legal liability to the
contrary.
SOURCE Laramide Resources Ltd.