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Laramide Completes Consolidation of Northern Territory Tenure and Begins Airborne Geophysical Survey
Laramide Completes Consolidation of Northern Territory Tenure and Begins Airborne Geophysi...
About this update from Laramide Resources Ltd.
[{"type":"text","content":"\n\n\n\nLaramide Completes Consolidation of Northern Territory Tenure and Begins Airborne Geophysical Survey\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 4, 2018\n\n\n\n Listed (TSX:LAM; ASX:LAM)\n\n\n\nTORONTO, Sept. 4, 2018  Laramide Resources Ltd. (\"Laramide\" or the \"Company\") (TSX:LAM) (ASX:LAM) is pleased to announce it has entered into a sale and purchase agreement (the \"Agreement\") with Verdant Minerals Limited (\"Verdant\") pursuant to which the Company will acquire a 100% interest in the Lagoon Creek Joint Venture Tenement in Northern Territory of Australia (the \"Project\"). The new Agreement replaces an existing Farm-In and Joint Venture on the Project between Laramide and Verdant. That earlier agreement has now been terminated and superseded by the Agreement with terms as further detailed below. \n\nThe Company has also engaged CGG Multi-Physics to complete the acquisition of high resolution Falcon Airborne Gravity Gradiometry (\"Falcon AGG\") over the contiguous Queensland and Northern Territory tenure highlighted in Figure 1.\n\n\n\nThe Falcon AGG survey will provide detailed structural information by highlighting basement architecture and faulting including those which may penetrate the sedimentary package and hence be conduits for fluids analogous to the faults controlling the uranium resource at Westmoreland.\n\nThis structural information is important in the exploration for Westmoreland analogues in the district, which Laramide now controls.    \n\nVerdant JV Acquisition\n\nThe strategically located Project in Northern Territory comprises 190 km2 of granted exploration tenure, which lies contiguous to and along strike from Laramide's Westmoreland Project in northwest Queensland. The Project will enhance Laramide's dominant landholding in the highly prospective and underexplored Murphy Uranium Province. \n\n\n\nThe Northern Territory of Australia is a jurisdiction that is supportive of both uranium development and mining and hosts several well-known depo...