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Laramide Files Independent Technical Report on the Murphy Project, Northern Territory, Australia

ListedA (TSX:LAM; ASX:LAM)TORONTO, May 22, 2020 /CNW/ - Laramide is pleased to announce that it has today filed an independent technical report on its 100% owned Murphy Uranium Project in the Northern Territory of Australia ("the Project"). The report was authored by Robert Sowerby of Mining Associates Ltd. of Brisbane, Australia, and was prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).The Murphy Project is adjacent to Laramide's Westmoreland Project in Queensland and is thus an important potential asset within Laramide's large regional tenement holdings. Laramide originally joint ventured the Project from Rio Tinto Exploration (RTX) in 2011 before acquiring it outright (subject to an RTX back-in right on a $1-billion discovery) in 2018. A Since its involvement with the Project, Laramide has commissioned several different types of airborne geophysical surveys including combined magnetics-radiometrics, time-domain electromagnetics, and gravity gradiometry surveys. Limited geochemical work has also been conducted historically, as well as a modest amount of shallow drilling. Laramide believes theA Murphy Project is prospective for Westmoreland style and unconformity related uranium mineralization and intends to adopt a more aggressive stance towards exploration as industry conditions improve. The Report is available on the Company's website. To learn more about Laramide, please visit the Company's website at www.laramide.com.
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