Laramide Resources (ASX:LAM) has announced positive results from its 2024 drilling program at the Westmoreland Uranium Project in Queensland, Australia. The drilling revealed promising uranium and gold mineralization, with the potential to connect two major deposits. A new exploration permit has been granted, expanding the company's strategic holdings in the region.
Laramide Resources has reported significant uranium and gold mineralization in its 2024 drilling program at Westmoreland, suggesting a connection between the Huarabagoo and Junnagunna deposits. The company has expanded its exploration area with a new permit, enhancing exploration opportunities. A revised Mineral Resource Estimate is expected by early 2025. The company's ongoing efforts demonstrate a commitment to resource expansion and strategic growth in the uranium and gold sectors.
The recent drilling continues to yield promising uranium and gold mineralization, potentially linking two major deposits, Huarabagoo and Junnagunna. The presence of gold highlights previously unassayed potential in the system, offering an opportunity to improve project economics.