West Africa-based exploration company Haranga Resources (ASX:HAR) has identified multiple uranium (U3O8) targets following a regional permit-wide termite mound sampling program at its Saraya Uranium Project in eastern Senegal.
The results, generated by XRF analysis performed on 5,054 termite mound samples covering 520km-square, have revealed the presence of numerous uranium anomalies extending over 25km in the northern portion of the Saraya permit.
The company says the discovered uranium anomalies are of the same tenor as the anomaly across the known Saraya uranium prospect, in which the company has recently defined an exploration target of 5 to 20 million tonnes (Mt) at a grade range of 350 to 750 parts per million (ppm) eU3O8.
“we are pleased to see that initial results from our regional sampling program covering only 32% of the permit”
Adding on, Haranga Resources report the anomalous uranium values range between 7ppm and 17ppm in 140 samples, which define large areas for infill sampling and potential drilling.
It is also reported that drilling results generated from a 22 hole diamond drilling (DD) at the Saraya uranium prospect are currently pending.
Commenting on the discovery, Haranga Resources Non-Executive Chairman Michael Davy said: “In what is expected to be a strong newsflow quarter for Haranga, we are pleased to see that initial results from our regional sampling program covering only 32% of the permit, has already identified numerous uranium anomalies extending over 25km. Notably, these anomalies display the same tenor as the anomaly at the Saraya prospect, which has had over 65,000m of historical drilling and a recently defined exploration target of 5-20Mt of U3O8 at a grade range of 350 to 750ppm.
With the company’s recent diamond drilling program intersecting potential mineralisation in all holes and results expected shortly, the company plans to convert the exploration target into its first maiden mineral resource. Given a couple of these uranium anomalies coincide with regional historical drill success to the NNE of Saraya prospect, it is already looking like further uranium discoveries will be made on this permit. This makes it an exciting period for the company as we aim to prove that Saraya could potentially host significant uranium resources.”
The company also notes these results have been integrated with results of a historical termite mound sampling program completed in 2012 by Prospectiunii, which comprised 5,843 samples gathered from the Areva and Diobi prospect, which further validate the uranium anomalies.
Further results from the regional permit-wide termite mound sampling program are expected in the current quarter, with additional sampling and potential drilling planned over the new uranium anomalies.
Haranga Resources is an ASX-listed company that currently boasts a leadership team with ‘significant’ experience and the credentials to manage the emerging ASX-listed organisation in order to develop its highly prospective gold and uranium assets in West Africa. The company’s Saraya project is located in southeast Senegal and is considered an advanced-stage exploration project.
The project was partially explored by French Government-owned multinational group Areva S.A. prior to 2010, and is mainly hosted by granites and pegmatite units, which are considered prospective for lithium, tin, tantalum, and niobium.
Other assets included in Haranga’s exploration arsenal include the Issia Gold Project in Côte d’Ivoire, and the Mangodara, Ouangolo, Danbeledougou, and Kaouradeni 2 projects in Burkina Faso.