Uranium

Haranga targets June maiden uranium drilling, initial JORC resource on the cards

Tue 17 May 22, 11:21am (AEST)
Exploring - Core Drilling for Exploration
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Key Points

  • Haranga has secured a drill rig contract and targeting a June diamond drilling program
  • The Saraya Uranium Project has been subject to extensive historical drilling
  • Management aim to quickly build up a large resource and potential initial JORC resource

Haranga (ASX: HAR) has signed a drill rig contract to kick off a maiden diamond drilling program in June at the Saraya Uranium Project in Senegal.

The drilling program will be focused on areas of the tenement where 70,000m of historical drilling has been undertaken and potentially define an initial JORC resource.

Management said that that drilling will concurrently run with a permit wide termite mound sampling program, aimed at defining additional targets with large radiometric anomalies.

“If additional targets are identified the Company will be able to expand its drill program quickly with the aim of building up a large resource," said non-executive chairman, Michael Davy. 

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Source: Haranga Prospectus

For the uninitiated, alongside the Saraya Uranium Project, Haranga has an interest in five gold exploration projects located in Burkina Faso and the Ivory Coast.

About the Saraya Project

Haranga commissioned E2M to compile an Independent Geological Report, as part of their prospectus, for their gold and uranium projects in West Africa.

The report considered Saraya as an advanced-stage exploration project given its extensive historical drilling. 

“The project has good potential to define significant uranium resources by systematic follow up exploration.”

The report suggested near-term activities including:

  • Project data review, new acquisition of airborne radiometric data

  • 5,000m of due diligence drilling and testing exploration targets with a clear focus on resource definition

  • Resource estimates and scoping study work

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Haranga listed on Jan 27 at an IPO offer price of 20 cents

 

Written By

Kerry Sun

Finance Writer & Social Media

Kerry holds a Bachelor of Commerce from Monash University and was Vice President of the University Network for Investing and Trading (UNIT). He is an avid swing trader, and drawn to breakouts and technical set ups. Outside of writing and trading, Kerry is a huge UFC fan, loves poker and bouldering.

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