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Laramide Reports Remaining Assays from 2009 Drilling at Westmoreland Highlights Include WDD09-137(Junnagunna) with 20 metres grading 0.25% U3O8 from 56metres depth
March 9, 2010
Laramide Resources Ltd. (TSX: LAM) reports the receipt of final laboratory results from drilling at Westmoreland in the fourth quarter of 2009. A total of 17 diamond drill holes for 1871.2 metres were drilled in November and December 2009 prior to the onset of the Northwest Queensland wet season. This drilling was one component of a broader program to assess the potential for additional uranium resources in the Redtree-Junnagunna structural trend. Drilling at the Huarabagoo and Junnagunna areas was focused on defining steeper structurally controlled mineralization. The program will continue in 2010. Drilling to date has confirmed continuity of mineralization at Junnagunna and Huarabagoo and indicated that steeper structurally defined mineralization may extend beyond the defined boundaries of the existing resources. Best results for the program included WDD09-128 (Huarabagoo – reported January 2010) which intersected 25 metres at 0.07%U3O8 from 32 metres, WDD09-132 (Huarabagoo) with 10 metres at 0.08%U3O8 from 44 metres (reported January 2010) and WDD09-137(Junnagunna) with 20 metres at 0.25%U3O8 from 56 metres (new). In addition, WDD09-140 was drilled 150 metres south of the defined extent of the Junnagunna deposit, and intersected structurally controlled uranium mineralization (5 metres at 0.09%U3O8 from 71 metres). Assay results for all 17 holes were drilled with HQ core, and are reported in the table below, with drill plan location maps and cross sections posted to our website at www.laramide.com. Note the table below includes previously reported holes WDD09-128 – WDD09-134 as well as new holes WDD09-135 to WDD09-144:
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