Announcement Date: 2022-08-08
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Haranga Resources Ltd.
Project name: Saraya
Location: Senegal
Commodities: Uranium
Highlight: Drilling results incl. 47.8m @ 1630ppm U from 72.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Haranga Resources Limited (ASX:HAR; ‘Haranga’ or ‘the Company’) is pleased to announce that a technical review of historical exploration results has highlighted the strong uranium prospectivity at the Saraya Project in Senegal. As announced on 19 April 2022, Haranga secured access to records of historical exploration at Saraya from the ‘70s and ‘80s and from 2008–2010. This included numerous reports and a drilling database of 514 drillholes (Figure 1). As with most uranium deposits, the equivalent uranium (eU) grades recorded at Saraya are derived from measurements of counts per second (CPS) recorded by down-hole radiometric probes, after the application of correcting factors. The review by independent resource development consultants, RSC, included validating the drillhole database against the original drill logs and establishing a preliminary model of mineralisation to propose efficient verification drilling. RSC concluded that the data is suitable for exploration targeting and support the prospectivity of the project. RSC noted that if the data is to be considered for future resource classification in accordance with the JORC Code (2012), verification drilling will be required to validate the survey and eU values derived from the probe data.
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