Let’s go drilling! Termites harvest high-grade uranium at Haranga Resources’ Saraya project

• Termite mound sampling has outlined a large uranium anomaly at the Sanela deposit
• Targets at the Sanela, Diobi and Mandankoli prospects will be considered for the next stage for drilling
• Saraya prospect has an inferred resource of 12.5Mt @ 587ppm eU3O8 for 16.1Mlbs
• Notably Saraya is the SMALLEST of seven uranium prospects Haranga has identified

 

Extensive, +2km long anomalies identified from termite mound sampling at Haranga Resources’ 16Mlb Saraya uranium project in Senegal will be targeted in an imminent drill program.

With uranium prices surging up to ~US$70/lb, it’s a good time to be in the yellowcake business – especially with demand for clean energy baseload power generation solutions such as nuclear coming to attention.

Haranga Resources (ASX:HAR) inherited more than 68,000m of historical drilling – 65,000m alone at its flagship Saraya project – which led to a maiden 16Mlbs at 587ppm resource at its namesake prospect earlier last month.

The company has identified seven distinct prospects anomalous for uranium (including the Saraya prospect) and is using termite mound sampling to identify targets for drill campaigns.

Of the seven new anomalies defined to date, the Saraya prospect is the smallest anomaly.

And with only 70% of the tenements sampled so far, there’s potentially massive upside for the rest of the prospects.

 

Termite mound sampling

For geologists, termite mounds are an easily accessible way to identify indicators of mineralisation which can come from depths of up to 70m.

Fractions of bedrock are pulled up from depth by the termites and can characterise, using soil sampling, the underlying mineralisation.

The termite mounds are highly useful for regions where thick regolith or hard-to-access surface cover makes access to the bedrock difficult – and they’re littered all over Haranga’s Saraya project tenements.

 

Sanela’s termites love the yellowcake

Infill sampling at two of the four priority areas, Saraya NNE and Sanela, have been completed to-date.

Assays from 2,480 termite mound samples at the Sanela prospect are showing up to 17ppm uranium which suggests a highly prospective uranium anomaly at the prospect and Haranga is keen to get the drill bit out to prove up another resource.

Of the samples, 87% returned positive results and 31% are considered anomalous. Within the samples, 2.8% are considered highly anomalous when compared to background.

The uranium anomalies at Sanela are aligned following a north-northeast trend, interrupted only by masking lateritic cover.

Haranga says the main anomaly is located in an erosive valley, where the thick East Saraya Plateau is partially eroded.

Infill termite mound sampling and assaying over the anomalous Saraya South and Mandankoli prospects is ongoing and expected to be completed before the end of the year

 

Time to drill

Encouragingly, the only defined resource so far, Saraya, is the smallest of the seven identified target areas anomalous for uranium.

One project area, Diobi, is five times larger than Saraya and will be included in a drilling campaign with the Mandankoli and Sanela deposits.

“These results from Sanela are timely, as they come close on the heels of our first MRE at the Saraya Prospect within our Saraya project,” Haranga MD Peter Batten says.

“Saraya is a significant result in itself, but is only the first of, at least, seven anomalies we will be testing within the Saraya project.

“Whilst the Saraya prospect is the better-defined anomaly, with over 65,000m of drilling, it is also the smallest of the seven anomalies identified, so far.

“The determination of the second prospect to drill will come down to the higher confidence we have in the orientation and structure of the anomalies.

“The successful completion of the Sanela sampling now allows the Haranga geological team to include Sanela, along with Diobi and Mandankoli, in the next phase of drilling planned for this quarter.

“The progress we have made so far underscores the effectiveness of our exploration strategy and reinforces our confidence in the future success of the Saraya uranium project.”

 

 

 

This article was developed in collaboration with Haranga Resources, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Let’s go drilling! Termites harvest high-grade uranium at Haranga Resources’ Saraya project appeared first on Stockhead.

asx
uranium