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Laramide Resources Ltd.: First Phase of Diamond Drilling at Westmoreland Nears Completion; Hole WDD08-040 Returns 23 Metres @ 0.53 % U3O8 from 11 Metres Depth
Market Wire, June, 2008
Laramide Resources Ltd. (TSX: LAM) is pleased to release results from the next 15 diamond drill at its 100 % owned Westmoreland project located in North West Queensland, Australia. These results included Drill Hole WDD08-40 which intersected 23 metres @ 0.53 % U3O8 from 11 metres depth and Drill Hole WDD08-44 which intersected 34 metres @ 0.28% U3O8 from 12 metres.
All 15 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 generally between 80% and 100% of the intersection within the drill holes.
Results of laboratory analysis of core samples up to and including WDD08-044 have been received. Results are tabulated below.
----------------------------------------------------------------------------
Drill AMG AMG Azimuth Dip RL From To Inte- True
Hole East(i) North(i) (degrees) (degrees) (m) (m) (m) rval U3O8 Width
(m) (%) (m)
----------------------------------------------------------------------------
WDD08-
029 192498 8060748 0 -90 151 9 18 9 0.19 9.0
----------------------------------------------------------------------------
AND 33 46 13 0.10 13.0
----------------------------------------------------------------------------
WDD08-
030 192495 8060749 270 -45 151 12 25 13 0.05 9.1
----------------------------------------------------------------------------
WDD08-
031 192496 8060749 270 -60 151 13 23 10 0.06 8.7
----------------------------------------------------------------------------
AND 34 44 10 0.06 8.7
----------------------------------------------------------------------------
AND 53 61 8 0.06 7.0
----------------------------------------------------------------------------
AND 65 71 6 0.04 5.2
----------------------------------------------------------------------------
AND 84 87 3 0.14 2.6
----------------------------------------------------------------------------
WDD08-
032 192495 8060749 270 -75 151 8 20 12 0.13 11.6
----------------------------------------------------------------------------
AND 34 52 18 0.17 17.4
----------------------------------------------------------------------------
WDD08-
033 192527 8060802 270 -45 145 46 51 5 0.05 3.5
----------------------------------------------------------------------------
WDD08-
034 192527 8060802 270 -70 145 9 17 8 0.10 7.5
----------------------------------------------------------------------------
AND 35 44 9 0.07 8.5
----------------------------------------------------------------------------
WDD08-
035 192527 8060802 0 -90 145 12 20 8 0.04 8.0
----------------------------------------------------------------------------
WDD08-
036 192527 8060802 90 -45 145 24 28 4 0.04 2.8
----------------------------------------------------------------------------
AND 35 45 10 0.04 7.0
----------------------------------------------------------------------------
WDD08-
037 192527 8060802 90 -70 145 12 36 24 0.06 22.6
----------------------------------------------------------------------------
WDD08-
038 192396 8060606 90 -60 130 41 57 16 0.04 13.9
----------------------------------------------------------------------------
AND 61 67 6 0.14 5.2
----------------------------------------------------------------------------
AND 72 76 4 0.08 3.48
----------------------------------------------------------------------------
WDD08-
039 192396 8060606 0 -90 130 24 29 5 0.07 5.0
----------------------------------------------------------------------------
AND 34 42 8 0.05 8.0
----------------------------------------------------------------------------
AND 47 68 21 0.05 21.0
----------------------------------------------------------------------------
WDD08-
040 192291 8060446 270 -45 164 11 34 23 0.53 16.1
----------------------------------------------------------------------------
AND 92 101 9 0.53 6.3
----------------------------------------------------------------------------
WDD08-
041 192389 8060477 270 -45 136 23 54 31 0.12 21.7
----------------------------------------------------------------------------
AND 66 105 39 0.10 27.3
----------------------------------------------------------------------------
WDD08-
043 192291 8060466 0 -70 164 10 24 14 0.30 13.2
----------------------------------------------------------------------------
WDD08-
044 192291 8060466 0 -45 164 12 46 34 0.28 23.8
----------------------------------------------------------------------------
AND 51 57 6 0.06 4.2
----------------------------------------------------------------------------
(i) Datum is AGD66
(i) Intersections calculated using a 0.02% U3O8 cut-off and minimum
intersection of 3 metres.
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