ASX-listed company Haranga Resources (ASX:HAR) reports it has intersected potential uranium mineralised zones during a maiden drilling campaign at the Saraya Uranium Project in Senegal.
The company says the maiden drilling program at the project is aiming to validate a historical database for around 61,500m of previous drilling, as well as validate the geological model used to estimate the recently published exploration target of 5 million tonnes to 20 million tonnes at a range of 350ppm to 750ppm eU3O8 (4 million pounds to 35 million pounds contained eU3O8).
This program is also seeking to discover extensions to the known uranium mineralisation.
Haranga Non-Executive Chairman Michael Davy says: “With the drilling in the northern and southern portions of the Saraya prospect now complete, and on receipt of the results from Terratec, the company will provide the data to its consultants for independent validation of the historical drill database acquired earlier during 2022.
“We are hopeful that this will result in the company’s first maiden mineral resource being estimated”
We are hopeful that this will result in the company’s first maiden mineral resource being estimated. The company has also continued its regional termite mound sampling program across the entire 1,650km-square permit, with first results of this program expected shortly.
We remain excited for the prospects at our Saraya Uranium Project and look forward to updating our shareholders with the results.
Looking ahead over the December to January period, the company is also undertaking an infill sampling program to finalise drill targets at its highly prospective Ibel South Gold Project, located in the well-known Birimian Volcanics of the Kenieba inlier, which has reported in excess of 40 million ounces of gold in resources being mined or under development.
This increase in activity should provide the company with continued news flow moving forward.”
Haranga reports the drilling program at Saraya has now reached 2,000m and all planned drillholes in the northern and southern portions of the Saraya prospect have now been completed.
All holes drilled by the company and logged in the current program to date, have intersected potential mineralisation zones that ‘correlate well’ with known historical mineralisation, however assays are still pending.
The company states results from downhole geophysical surveys will be sent to Terratec in Germany for processing to determine the uranium content. In addition, selected intervals of half-core drill samples are being cut for dispatch to an accredited international laboratory for uranium analysis to further calibrate the probes used in the geophysical downhole surveys.
Once all results are received and processed, Haranga will release the results and will proceed with building a ‘robust’ geological domain model that could support a future mineral resource classification.
The remainder of the drilling campaign will consist of 7 drillholes for 1,050m which will be completed later this year or early next year subject to drill rig access.
Haranga states it has allowed flexibility in the drilling contract to extend the drill program beyond the planned 3,200m program to continue to expand on the known mineralisation at Saraya, and to test any new targets identified.
The company also notes it is ‘well advanced’ with a permit-wide termite mound sampling program. Haranga’s technical team will interpret and infill any delineated uranium anomalies at the project to firm up any additional drill targets, and an announcement concerning the results of the termite mound sampling program is expected shortly.
Haranga Resources is an ASX-listed company that holds the Saraya Uranium Project in Senegal. The company also holds the Issia Gold Project in Côte d’Ivoire, and exploration permits for the Ouangolo, Mangodara, Danbeledougou and Kaouradeni early-stage projects in southern Burkina Faso.
The company holds an area of 2,702km-square across its 7 tenements in 3 countries.
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