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La Jara Mesa Uranium Project
Technical Reports
Draft Environmental Impact Statement for La Jara Mesa – March 2012
La Jara Mesa Plan of Operations – April 2008
Technical Report on La Jara Mesa Uranium Property
| Location | Ambrosia Lake District, Cibola County New Mexico. Approximately 11 miles northeast of Grants, New Mexico |
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| Ownership | 100% Laramide Resources Ltd. |
| Proposed Mine Type | Underground |
| Current Status | Permitting for uranium production |
| Mineral Resources | Measured plus Indicated Mineral Resources total 7.2 million pounds of uranium contained in 1.5 million ton at an average grade of 0.23% U3O8, Inferred Mineral Resources total 3.1 million pounds of uranium contained in 0.7 million ton at an average grade of 0.20% U3O8. Measured and indicated resource calculations were run by using a polygon method using cut-off grade of 0.05% U3O8 and a GT (Grade times Thickness) of 0.30 (Thickness = 6.0 feet). Resources were classified as Measured/Indicated provided the distance between the holes was 200 feet or less. Some areas outside the designated blocks and in between blocks that were thought to have further potential but did not qualify for the Measured/Indicated category were outlined and designated as the Inferred category |
Overview
Laramide’s conventional hard-rock asset La Jara Mesa in New Mexico, United States is permitting for low-cost uranium production. The sandstone-hosted roll front style deposit is located in Grants Mineral Belt, New Mexico. The project is at the development stage and has potential for underground operation.
A previous operator completed extensive work, including metallurgical test work, mine planning and mine permit approval. The current NI 43-101/JORC compliant resource calculation on La Jara Mesa was completed in 2006, and was subsequently amended in July 2007 by Douglas Peters.
Laramide has received a draft Environmental Impact Statement from U.S. Forest Services. Accordingly, progress will continue with the National Environmental Policy Act (NEPA) review process of La Jara Mesa, which will ultimately lead to the completion of the final EIS. Both this and the Records of Decision (ROD) from the USFS and NEPA are expected in the future. Upon completion of any conditions in the ROD, the Company will be eligible to receive permits to allow underground development activities and mine production. Laramide plans to continue at a pace in keeping with the uranium market to continue with the legal work required for permitting.
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History
The La Jara Mesa Property consists of 156 unpatented mining claims sold to Laramide Resources Ltd. by Barrick Gold of North America, successor to Homestake Mining Company.
It encompasses an area of approximately 2,280 acres in Cibola County, New Mexico. Midas International, Power Resources, Gulf Mineral Resources and Homestake Mining Company all had drilled in the area at various times. At least 643 holes have been drilled on the property, including 18 core holes.
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Geology & Mineralization
During a period of nearly three decades (1951-1980), the Grants Mineral Belt (Grants District) yielded more uranium than any other district in the United States. The Grants district is a large area in the San Juan Basin, extending from east of Laguna to west of Gallup, a length of 100 miles, and is approximately 25 miles to 30 miles wide north-south. The region includes the Laguna, Ambrosia Lake, Crownpoint and Church Rock sub-districts.
The principal host rocks for the uranium mineralization in the Grant Distric are fluvial sandstones within the Late Jurassic Morrison Formation, called the Westwater Canyon and Brushy Basin members, and the overlying Early Cretaceous Dakota Sandstone.
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