Listed (TSX: LAM; ASX: LAM)
TORONTO, Oct. 10, 2018 /PRNewswire/ - Laramide Resources
Ltd. ("Laramide" or the "Company") is pleased to announce it has
engaged Roscoe Postle Associates Inc. ("RPA") in Denver, USA
to prepare an independent NI 43-101 Technical Report on the mineral
resources for the Company's Crownpoint Uranium Properties (the
Properties), located in New
Mexico, United States (the
"Resource Estimate").
The work is intended to address the resource estimation with
respect to planned In Situ Recovery (ISR) of uranium. Further, the
Resource Estimate will consolidate previously prepared resource
estimates on the Properties and, more importantly, the significant
work completed by previous operators on these properties which are
considered "historical estimates" for purposes of NI 43-101 and,
therefore, cannot be considered current mineral resources.
The Company is working toward completion of the Resource
Estimate in the fourth quarter of 2018.
The Crownpoint Uranium Properties, 100% owned by Laramide, are
located approximately 30 miles east of Laramide's Churchrock
Uranium Project (Figure 1). Crownpoint (and Churchrock Section 8 and 17)
is covered by a licence from the United States Nuclear Regulatory
Commission for production of uranium, which includes the
construction of a Central Processing Plant at Crownpoint. The Central Processing Plant has
an approved production capacity of 3 million pounds
U3O8 per annum.
Qualified Person
The technical information in this news release has been prepared
in accordance with the Canadian regulatory requirements set out in
NI 43-101. The information has been reviewed and approved by
Bryn Jones, MMinEng, FAusIMM, a
Qualified Person under the definition established by National
Instrument 43-101 and JORC. Mr. Jones is the Chief Operating
Officer of the Company and a Fellow of the Australasian Institute
of Mining and Metallurgy.
To learn more about Laramide, please visit the Company's website
at www.laramide.com.
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@LaramideRes
About Laramide Resources:
Laramide Resources Ltd., headquartered in Toronto and listed on the TSX: LAM and ASX:
LAM, is engaged in the exploration and development of high-quality
uranium assets. Laramide's portfolio of advanced uranium projects
have been chosen for their production potential. Major U.S. assets
include the Churchrock and Crownpoint In Situ Recovery (ISR)
projects and La Jara Mesa in Grants, New
Mexico, as well as La Sal
in the Lisbon Valley district of Utah. The recently acquired Churchrock and
Crownpoint properties, with
near-term development potential and significant mineral resources,
form a leading ISR division operating in a tier one jurisdiction
with enhanced overall project economics. The Company's Australian
advanced stage Westmoreland is one
of the largest projects currently held by a junior mining
company.
Forward-looking Statements and Cautionary Language
This News Release contains forward looking statements which 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.
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SOURCE Laramide Resources Ltd.