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Laramide Intersects 58 Metres @ 0.12 % U3O8 at Westmoreland
Market Wire, April, 2008
Laramide Resources Ltd. (TSX: LAM) is pleased to release results of the next eight diamond drill holes from its 100% owned Westmoreland project located in North West Queensland, Australia. These results included Drill Hole WDD08-11 which intersected 58 meters @ 0.12 % U3O8. All 8 drill holes were drilled with either NQ or HQ core into the Garee Lens, which forms part of the Redtree Deposit at the Westmoreland project. Mineralization within the Garee lens is flat lying and hence the true width of mineralization is between 80 % and 100 % of the intersection within the drill holes (see "true width" column in table below).
Results of laboratory analysis of core samples up to and including WDD08-0016 have been received, and are tabulated below.
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Drill Section AMG AMG Azi- Dip RL From To Inte- U3O8 True
Hole East North muth (deg- (m) (m) (m) rval (%) Width
(i) (ii) (de- rees) (m)
grees)
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WDD08-8 7710N 192300 8060523 313 -75 164 13 78 65 0.10 63
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Inclu-
ding 59 69 10 0.31 9
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WDD08-9 7710N 192300 8060523 0 -90 164 13 22 9 0.09 9
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And 28 63 35 0.07 35
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WDD08-11 7710N 192300 8060523 313 -45 164 33 91 58 0.12 41
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Inclu-
ding 66 82 16 0.30 11
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WDD08-12 7770N 192487 8060725 0 -90 168 25 30 5 0.05 5
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And 35 39 4 0.10 4
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And 45 78 33 0.05 33
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WDD08-13 7770N 192486 8060725 135 -60 168 21 74 53 0.11 46
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Inclu-
ding 56 67 11 0.32 9.5
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WDD08-14 7770N 192486 8060725 135 -60 168 27 35 8 0.09 7
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And 40 54 14 0.04 12
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WDD08-15 7770N 192485 8060729 315 -45 168 17 23 6 0.09 4
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And 27 32 5 0.06 3.5
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And 38 46 8 0.05 6
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And 51 55 4 0.11 4
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WDD08-16 7770N 192485 8060729 315 -45 168 28 33 5 0.14 4
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and 43 50 7 0.05 6
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(i) Datum is AGD66
(ii) No assay results for WDD08-10 - hole abandoned at 20m.
Peter Mullens, VP Exploration stated "The results to date continue to demonstrate continuity of mineralization identified in historical drilling and confirmed in the resource calculation completed by Mining Associates in October 2006. We expect much of the mineralization in the Inferred category to be converted to Indicated in the next resource calculation planned for third quarter 2008."
Drilling is continuing with a Longyear LF 70 drill rig operating on single shifts. A second LF 70 drill rig will commence drilling at the Junnagunna prospect located within the Westmoreland Project next week. Junnagunna is a flat lying zone of mineralization, that is between 5 and 10 metres thick, is located close to surface and occurs approximately 5 kms to the north of the Garee lens along the Westmoreland dyke structure. See fig for details. The program estimates completion of approximately 3,000 metres of drilling at Junnagunna.
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