Laramide Initiates New Mexico Drill Program

About this update from Laramide Resources Ltd.

[{"type":"text","content":"\n \n \n \n Laramide Initiates New Mexico Drill Program\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Dec. 13, 2022\n \n \n /CNW/ - Laramide Resources Ltd. (\"Laramide\") is pleased to announce the commencement of a diamond drill program at its NRC licensed Crownpoint Uranium Project, near\n \n Gallup, New Mexico\n \n , USA (\"Crownpoint\"). The work programs are being managed and executed by NuFuels, Inc., a subsidiary of Laramide Resources Ltd.\n \n Crownpoint\n \n consists of two discrete ISR-amenable deposits\n \n Crownpoint\n \n and Churchrock covered by a single NRC licence (sua-1580).\n \n \n \n Marc Henderson\n \n , President and CEO of Laramide Resources Ltd., commented, \"Throughout the prolonged downturn of the uranium market, we maintained and enhanced our asset base as well as our core technical capability and that strategy has paid off, allowing us to now re-start our development plans at several of the company's US Assets. The retention of key professional and technical staff along with our new General Manager for US Operations ensures that our team now possess the diverse skills to launch our return to active development status.\"\n \n \n This initial drilling, which will consist of seven drill holes located within our NRC-licensed areas, will confirm and potentially expand our understanding of the mineralized resources and optimize our planned ISR production processes. The program also combines phase I maintenance at our existing\n \n Crownpoint\n \n site to support the drilling program. Results from the current program, expected in Q1/2023 will inform the detailed planning and Preliminary Economic Assessment (\"PEA\") required to advance for full ISR production. With the fundamental shift in the uranium market now becoming increasingly entrenched and validated by utility action, we are now taking active measures to better prepare for additional start up activities and investment when warranted.\n \n \n NuFuels will conduct additional Laboratory testing on the Core samples with t...

More updates from Laramide Resources Ltd.