Location: White Mesa Mining District, San Juan County, Utah
Laramide ownership: 100% owned
Proposed Mine type: Underground
Estimated resources: Historical estimate approved for bulk sample production
Laramide’s conventional hard-rock asset La Sal in Utah, United States, has permits in hand to commence a bulk sample program. The La Sal Project is a sandstone-hosted roll front uranium deposit. La Sal is located in close proximity to Energy Fuels’ White Mesa Mill in Blanding, Utah (one of only 4 permitted mills in the United States), which is located approximately 60 miles from the La Sal Project.
The Project’s previous operator Homestake Mining Company (a subsidiary of Barrick Gold Corporation) completed a positive feasibility study on the project in 1978 and was ready to place the project into production when the price of uranium collapsed and the project was shut down.
Homestake completed mineral resource estimates for La Sal when it held the property. These estimates were not conducted in accordance with the requirements of NI 43-101/JORC and would require validation drilling to update into NI 43-101/JORC compliant status.