Laramide Resources (“Laramide” or the “Company”) is pleased to announce the results of its maiden independent Mineral Resource Estimate (the “Resource Estimate”) for the Company’s 100% owned Church Rock Uranium Project (the “Project” or “Church Rock”), located in New Mexico, United States.
The current Resource Estimate supersedes various “historical estimates” for purposes of NI 43-101 reporting (see press release dated March 29, 2017) and considers planned In Situ Recovery (“ISR”) of uranium consolidating the significant work completed by previous operators on the Project.
Marc Henderson, Laramide Resources’ President and CEO commented:
“The Church Rock Project is a compilation of significant historical work completed by tier one mining and energy companies. This is the first time since discovery that the Project has been combined under one banner without significant royalty burden and this impressive initial resource at Church Rock clearly demonstrates the District scale potential of the asset.
Combined with the NRC licence and other permitting work already completed by previous operators, Laramide is well positioned to benefit from a likely renewal of US domestic uranium production when market conditions warrant”.