Termite mound sampling continues to pay off with Haranga defining two anomalies at Mandankoly
Special Report: Infill sampling of termite mounds at Haranga Resources’ Saraya uranium project in Senegal continues to pay off with the definition of two notable anomalies at the Mandankoly prospect.
Termites dig deep into the earth to build their nest and most – if not all – of the evacuated material is brought to the surface to construct the massive mounds that sit above them.
For mineral explorers such as Haranga Resources (ASX:HAR), this also happens to bring valuable subsurface minerals to the surface, allowing for quick and simple sampling to be carried out.
This has proven to be a cost-effective method of exploration across the company’s 1,650km2 Saraya project with previous infill termite mound sampling – followed up by auger drilling – identifying several anomalies outside the current contained inferred resource of 16.1 million pounds (Mlb) U3O8 grading 587 parts per million (ppm).
Infill sampling had followed an initial permit-wide sampling program completed on a 1000m by 100m scale.
That this progress is occurring amidst the ongoing outpouring of warm and fuzzy feelings for uranium that has seen prices rise close to the US$104/lb mark, is just icing on the cake for the company.
HAR has now identified two uranium anomalies through an infill survey which collected 4,065 termite mound samples on a 200m by 500m grid at the Mandankoly prospect.
Uranium concentrations in these anomalies have been recorded at up to 15ppm, seven times higher than the 2ppm background levels.
The two anomalies, which each extend for about 600m in length, sit within erosional valleys on the Eastern Saraya laterite plateau, suggesting a potential link with the underlying granite which hosts the existing resource.
Their discovery takes the total number of infill uranium anomalies up to five.
HAR intends to follow up the definition of these anomalies at Saraya, Diobi, Sanela, Mandankoly and Banfaroto with auger drilling to further understand their extent and nature.
“Within a short timeframe we have managed to commence a significant exploration program over the very large Saraya permit, with the aim of aggressively exploring the potential in the region where the company believes significant further uranium resources could exist,” HAR managing director Peter Batten said.
“This comes at a time when we are seeing increased interest in the uranium market and explosive moves in pricing, so we are extremely excited about the next six months.”
Regional and infill termite mound sampling is continuing with the infill program moving to test the Saraya South prospect.
Auger drilling is also continuing across the permit and HAR plans to resume reverse circulation drilling following the interpretation of auger results.
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.