Listed (ASX:LAM; TSX:LAM)
TORONTO, Nov. 22, 2017 /PRNewswire/ - Laramide Resources
Ltd. ("Laramide" or the "Company") is pleased to
announce it has filed an independent Mineral Resource Estimate
technical report (the "Technical Report") on Sedar
(www.sedar.com) for the Company's 100% owned Church Rock Uranium
Project located in Grants Mineral Belt, New Mexico, United
States. The Technical Report supports the disclosure made by
the Company in its October 10, 2017
news release announcing the results of the maiden Mineral Resource
Estimate. The Technical Report was prepared in CIM Definition
Standards (2014) pursuant to National Instrument 43-101 "Standards
of Disclosure for Mineral Projects" ("NI 43-101").
The Technical Report, with an effective date of November 14, 2017, is titled "Technical Report on
the Church Rock Uranium Project, McKinley
County, State of New Mexico,
U.S.A.", and was prepared by Mr. Mark B. Mathisen, C.P.G., of Roscoe Postle
Associates Inc. of Denver,
Colorado, USA, who is a "qualified person" for the purposes
of NI 43-101.
The Technical Report states an Inferred Resource Estimate for
the Church Rock Project of 33.9 million tons at an average
grade of 0.075% eU3O8 for a contained
resource of 50.8 million pounds using a 0.5 ft-% Grade
Thickness (GT) cutoff.
The Technical Report is available on the Company's website at
www.laramide.com and is available under its profile on SEDAR at
www.sedar.com.
About Laramide Resources
Laramide Resources Ltd.,
headquartered in Toronto and
listed on the TSX: LAM and ASX: LAM, is engaged in the exploration
and development of high-quality uranium assets. Laramide's
portfolio of advanced uranium projects have been chosen for their
production potential. Major U.S. assets include the
Church Rock and Crownpoint In-Situ
Recovery (ISR) projects and La Jara Mesa in Grants, New Mexico, as well as La Sal in the
Lisbon Valley district of Utah. The recently acquired
Church Rock and Crownpoint properties, with near-term
development potential and significant mineral resources, form a
leading ISR division operating in a tier one jurisdiction with
enhanced overall project economics. The Company's Australian
advanced stage Westmoreland is one
of the largest projects currently held by a junior mining
company.
Qualified Person
The technical information in this
news release has been prepared in accordance with the Canadian
regulatory requirements set out in NI 43-101. The information
has been reviewed and approved by Bryn
Jones, MMinEng, FAusIMM, a Qualified Person under the
definition established by National Instrument 43 101 and
JORC. Mr. Jones is the Chief Operating Officer of the Company
and a Fellow of the Australasian Institute of Mining and
Metallurgy.
Laramide confirms that it is not aware of any new information or
data that materially affects the information included in the market
announcement dated 10 October 2017
and that all material assumptions and technical parameters
underpinning the estimates in that market announcement continue to
apply and have not materially changed.
To learn more about Laramide, please visit the Company's website
at www.laramide.com.
Forward-looking Statements and Cautionary Language
This News Release contains forward looking statements which are
subject to a variety of risks and uncertainties which could cause
actual events or results to differ materially from those reflected
in the forward looking statements. The Company does not
intend to update this information and disclaims any legal liability
to the contrary.
SOURCE Laramide Resources Ltd.