TORONTO, March 24, 2023 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce completion of the initial diamond drilling phase of the project ramp-up at its 100% owned NRC licensed Crownpoint-Churchrock Uranium Project, near Gallup, New Mexico, USA ("Crownpoint"). The diamond drill program, having a total drilled length of 6,030 feet (1,838 meters) was comprised of seven drill holes located in areas of uranium mineralization within Section 17, Township 16 North South, Range 16 West and located along the boundary between Section 17 and Section 8. Three of these drill holes were "twin holes" drilled within 20 feet (ft) of historic drill holes designed to confirm the stratigraphic position of uranium mineralization, the relative thicknesses of mineralized intervals, the range of uranium grades that were encountered in the historical drill holes and to provide drill core for chemical assays and radiometric equilibrium analysis. The project is being managed by NuFuels, Inc., a wholly owned subsidiary of Laramide Resources Ltd., which oversees Laramide's uranium asset portfolio in the United States. As reported on December 13, 2022, and January 23, 2023, Laramide has appointed SLR International Corporation ("SLR") of Denver, Colorado, to complete an NI 43-101 Preliminary Economic Assessment ("PEA") with respect to the Churchrock Uranium Project (the "Project").
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